A bill to amend the Tax Reform Act of 1986 to clarify the study of source rules for sales of inventory property and to provide additional time to complete the study.

Summary

Amends the Tax Reform Act of 1986 to provide that the required study of the source rules for sales of inventory shall be conducted by the Secretary of the Treasury in conjunction with the Secretary of Commerce and the United States Special Trade Representative or their delegates. (Present law requires that such study be performed solely by the Secretary of the Treasury.) Extends from September 30, 1987, to September 30, 1988, the date by which such study must be submitted to specified Committees of the Congress.

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

Timeline

1. 23 March 1987

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 23 March 1987

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

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 · 23 March 1987

  Open at official source

Sponsors

• Sen. Baucus, Max [D-MT] · D · Sponsor
• Sen. Chafee, John H. [R-RI] · R · Sponsor
• · ssfi00 · Standing

Related records

• related to → A bill to amend the Tax Reform Act of 1986 to clarify the study of source rules for sales of inventory property and to provide additional time to complete the study.