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United States · Bill · S

S. 2086 (98th)

A bill to revise tax law relating to publisher inventories.

openUnited States· United States Congress· EN

Introduced

11 November 1983

Last action

Status

Committee on Finance requested executive comment from OMB, Treasury Department.

Sponsors

Subjects

Discovery layer

Source updated

29 June 2021

Summary

Amends the Internal Revenue Code to allow a taxpayer engaged in the trade or business of publishing books or other published material to value excess inventory at its net realizable value. Defines "excess inventory" as that part of inventory of books or other published material which the taxpayer reasonably expects will be disposed of at less than full realization of cost.

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Documents

1 official file

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Sources

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