National Distillers Products Corp. v. Peck

The facts in the present case are all stipulated. The taxpayer filed, for the tax year 1950, a consolidated inter-county personal property tax return for itself and its subsidiaries in Ohio, including National Distillers Chemical Corporation. The latter corporation, a wholly-owned subsidiary of the taxpayer, was organized under the laws of Delaware in 1949, and was licensed in Ohio on January 14, 1949, under the Foreign Corporation Act.

During 1949 the latter subsidiary of the taxpayer acquired land in Ashtabula county for the purpose of constructing a plant for the production of sodium and…