For purposes of determining the value of its issued and outstanding shares of stock under division (A) of section 5733.05 of the Revised Code, a taxpayer is not required to add to its net worth as a reserve any account, whether shown on the taxpayer's books as a liability or a reserve, that results from and is maintained in accordance with "Statement of Financial Accounting Standards No. 106" issued by the "Financial Accounting Standards Board."
This rule does not apply to any account for taxes. Rule 5703-5-05 of the Administrative Code prescribes the excludability of taxes.
Cite as Ohio Admin. Code 5703-5-10