Amends the Internal Revenue Code of 1954 to provide that percentage constructive prices are to be used in cases where a manufacturer sells articles subject to the excise tax only at retail. Prohibits the use of costs as an alternative tax base.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
Reported to House from the Committee on Ways and Means with amendment, H. Rept. 94-1707.
Reported to House from the Committee on Ways and Means with amendment, H. Rept. 94-1707.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line