Austin Co. v. Bowers

The sole question for determination here is whether appellee’s deposits in banks outside Ohio in 1958 were subject to or exempt from the personal property tax in accordance with Section 5709.02, Revised Code. In essence the problem here is to determine the tax situs of the 1958 deposits of appellee in banks outside Ohio.

The statutory standards relative to the taxability and the exemption of deposits have been before this court frequently. See, e. g., Kroger Grocery & Baking Co. v. Evatt, Tax Commr. (1948), 149 Ohio St., 448; American Rolling Mill Co. v. Evatt, Tax Commr. (1946), 147 Ohio St.,…