Hoover Co. v. Peck

The sole question now before the court was stated to the Board of Tax Appeals by counsel for the appellant in the following clear and helpful manner:

“The question involves the intangible tax of the Hoover Company for the year 1950. The sole question is the question of the taxation of accounts receivable. The Hoover Company’s return was made on the basis of the single-test rule laid down by the Supreme Court decision in the case of Ransom & Randolph Co. v. Evatt, Tax Commr., 142 Ohio State, 398, wherein Section 5328-2 was interpreted to require only that accounts receivables, to be eliminated…