A bill to revise tax law relating to publisher inventories.

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 11 November 1983

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 11 November 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 16 November 1983

   Committee

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

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 11 November 1983

  Open at official source

Sponsors

• Sen. Moynihan, Daniel Patrick [D-NY] · D · Sponsor
• Sen. Melcher, John [D-MT] · D · Sponsor
• Sen. Inouye, Daniel K. [D-HI] · D · Sponsor
• Sen. Hawkins, Paula [R-FL] · R · Cosponsor
• Sen. Dixon, Alan J. [D-IL] · D · Cosponsor
• Sen. Lugar, Richard G. [R-IN] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → A bill to revise tax law relating to publisher inventories.