ATS Ohio, Inc. v. Tracy

[This opinion has been published in Ohio Official Reports at 76 Ohio St.3d 297.] ATS OHIO, INC., f.k.a. GELZER SYSTEMS COMPANY, APPELLANT, v. TRACY, TAX COMMR. OF OHIO, APPELLEE. [Cite as ATS Ohio, Inc. v. Tracy,

1996-Ohio-124.] Taxation—Listing personal property by manufacturer—Inventory in the process of manufacture, to the extent of progress payments received therefor, is not “owned” by the manufacturer and is not taxable to it as Schedule 3 personal property under R.C. 5711.16, when. Inventory in the process of manufacture, to the extent of progress payments received therefor, is not…