Hickok Oil Corp. v. Evatt

Appellant, a dealer in motor vehicle fuel and liquid fuel, contends that the Ohio motor vehicle fuel excise tax, the Ohio liquid fuel excise tax, the Michigan gasoline tax and the Ontario gasoline tax which remain in its hands at the end of its fiscal year should not be treated as taxes or assessments under Section 5327, General Code, but should be held to be current accounts payable and, therefore, deductible by appellant from its accounts receivable and prepaid items in making its return for taxation.

Section 5327, General Code, provides:

“Tlie term ‘credits’ as so used, means tlie excess of…