Coca-Cola Can't Nix $14M Plant Valuation At Ohio High Court

Law360, Washington (March 14, 2017, 5:26 PM EDT) -- Ohio’s Supreme Court refused Tuesday to upend a $14 million tax evaluation imposed on a Coca-Cola bottling and distribution company's Cincinnati facility, concluding the local auditor’s evaluations were properly relied on and that the appraisal method conformed with state law.

The Ohio Board of Tax Appeals did not improperly uphold, with a slight upward adjustment, the valuation first sustained by the Hamilton County Board of Revision under a reduction bid from Johnston Coca-Cola Bottling Company Inc., according to Tuesday’s ruling. That’s because the BTA didn’t improperly...
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