Centerior Fuel Corp. v. Zaino

[This decision has been published in Ohio Official Reports at 90 Ohio St.3d 540.] CENTERIOR FUEL CORPORATION, APPELLEE, v. ZAINO, TAX COMMR., ET AL., APPELLANTS. OES FUEL, INC., APPELLEE, v. ZAINO, TAX COMMR., APPELLANT. [Cite as Centerior Fuel Corp. v. Zaino,

2001-Ohio-13.] Taxation—Personal property valuation—Fuel companies’ lease of nuclear fuel rods to public utilities—Fuel companies for personal property tax valuation purposes can exclude the amounts they have capitalized on their books for the cost of funds borrowed to construct fuel rods. (Nos. 99-1987 and 99-1988—Submitted October 17,…