Westinghouse Electric Corp. v. Lindley

Per Curiam.-

I

The issue presented by the first finding of the board is whether the term “royalties,” as used in E. C. 5733.04(1) (2), means gross foreign royalties or net foreign royalty amounts that would be part of federal taxable income after deducting expenses related to the earning of such to arrive at the federal taxable income. The legislative intent surrounding E. C. 5733.04(1) (2) was to exclude corporate foreign royalties from the income allocated for Ohio tax purposes.* Tn the instant cause, the Tax Commissioner allowed such deduction to the extent such royalties were included in…