American Rolling Mill Co. v. Evatt

By the Court.

This ease is here on an appeal from a decision of the Board of Tax Appeals, wherein certain bank deposits of the Sheffield Steel Corporation, an Ohio corporation, were held to be taxable in this state.

It appears that Sheffield' is a subsidiary of and is wholly owned by the American Rolling Mill Company (Armco) which operates a plant at Middletown, Ohio.

During the period of time involved, Sheffield was engaged in manufacturing iron and steel products in plants situated in the states of Missouri and Oklahoma. Those of its officers who were in charge of managing the business were…