United States · Bill · HR
H.R. 7851 (96th)
Retailer Inventory Reform Act of 1980
Introduced
28 July 1980
Last action
—
Status
Referred to House Committee on Education and Labor.
Sponsors
—
Subjects
Discovery layer
Source updated
2 September 2025
Summary
Retailer Inventory Reform Act of 1980 - Amends the Internal Revenue Code to permit retail stores to use price indexes published by the Bureau of Labor Statistics when reporting income under the LIFO method of accounting. Requires the Bureau of Labor Statistics to prepare such price indexes in the same manner as they were prepared in 1979. Prohibits the use of unappropriated funds for the preparation and publication of such indexes.
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Documents
1 official file
Introduced in House
summary · EN · 28 July 1980
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/96th-congress/house-bill/7851
- Open data entity: https://api.congress.gov/v3/bill/96/hr/7851