The Ohio Supreme Court recently ruled that grain storage bins are personal property pursuant to state law and may not be taxed as real property.

Complete details regarding this ruling can be found at the link below:

http://www.courtnewsohio.gov/cases/2015/SCO/0715/140874.asp#.VahrahtRHIU

Holbrook & Manter, CPAs is committed to keeping the agribusiness community informed of these types of matters and how they may effect their operations. For more information or for answers to any questions you may have about this development, please contact our agribusiness team for assistance.