SHV N. Am. Corp. v. Tracy

[This opinion has been published in Ohio Official Reports at 70 Ohio St.3d 395.] SHV NORTH AMERICA CORPORATION, APPELLEE, v. TRACY, TAX COMMR., APPELLANT. [Cite as SHV N. Am. Corp. v. Tracy,

1994-Ohio-29.] Taxation—Franchise tax—Application of R.C. 5733.05 in establishing value of corporation's stock—Company preparing its franchise tax return on the net worth basis is bound by its books, when -- Board of Tax Appeals properly accepted values of separate subsidiaries of company as reflected by the company's books, when. (No. 93-1166—Submitted December 20, 1993—Decided September 28, 1994.) APPEAL…