Youngstown Sheet & Tube Co. v. Bowers

For the reasons stated in Allied Stores of Ohio, Inc., v. Bowers, Tax Commr., ante, 116, the taxpayer’s contentions with respect to property held in storage must be rejected, except to the extent that the property so held represented iron ores imported by the taxpayer from foreign countries.

As to such iron ores, the claim for tax exemption is based upon that provision of Clause 2 of Section 10 of Article I of the Constitution of the United States which reads:

“No state shall, without the consent of the Congress, lay any imposts or duties on imports or exports, except what may be absolutely…