CHICAGO -- A lawsuit involving Ohio's taxation of income on out-of-state municipal bonds will be appealed to the Ohio Supreme Court now that the state appellate court has upheld a lower court decision sanctioning the practice.

Clint Krislov, a Chicago attorney representing the Ohio bondholder who filed the suit, said the state's high court will be petitioned later this month to hear the case. If that court declines, he said, the case will then be taken to the U.S. Supreme Court.

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