A bill to revise present nursery exemption in Section 447(a) Title 26, U.S.C., to apply regardless of form of business or present method of accounting.

referredUnited States· United States Congress· EN

Introduced

17 April 1978

Last action

—

Status

Referred to Senate Committee on Finance.

Summary

Amends the Internal Revenue Code to state that, regardless of the form of business or method of accounting, no person shall be required to maintain inventories of growing plants in the course of the trade or business of operating a nursery.

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Documents

1 official file

Introduced in Senate
summary · EN · 17 April 1978
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/senate-bill/2922
Open data entity: https://api.congress.gov/v3/bill/95/s/2922