Case Name: Allied Building Credits, Inc., Appellant, v. Bowers, Tax Commr., Appellee
Court: Supreme Court of Ohio
Jurisdiction: Ohio
Decision Date: 1960-02-10
Citations: 170 Ohio St. 334
Docket Number: No. 36022
Parties: Allied Building Credits, Inc., Appellant, v. Bowers, Tax Commr., Appellee.
Judges: Weygandt, C. J., Zimmerman, Matthias, Bell, Herbert and Peck, JJ., concur.
Reporter: Ohio State Reports, New Service
Volume: 170
Pages: 334–336

Head Matter:
Allied Building Credits, Inc., Appellant, v. Bowers, Tax Commr., Appellee.
(No. 36022
Decided February 10, 1960.)
Messrs. Powell, Powell & Carpenter, for appellant.
Mr. Marie McElroy, attorney general, and Mr. Robert J. Kosydar, for appellee.

Opinion:
Per Curiam.
The issue presented is whether the bad-debt formula hereinbefore referred to was correctly applied or, in other words, whether the percentages computed pursuant to the formula should be applied against the amount of receivables on hand and carried on the books of appellant as of December 31 in each year involved or should be applied against such figure plus the amount of notes sold and discounted and held by banks upon which an amount was still due.
After an examination of the record, this court is of the opinion that the bad-debt formula as applied by the Tax Commissioner was not unreasonable or unlawful, and that the Board of Tax Appeals was not in error in affirming the order of the commissioner.
The decision of the Board of Tax Appeals is affirmed.
Decision affirmed.
Weygandt, C. J., Zimmerman, Matthias, Bell, Herbert and Peck, JJ., concur.
Taft, J., dissents.