A bill to amend section 474 of the Internal Revenue Code of 1954 to provide that small businesses with average annual gross receipts not in excess of $10,000,000 may elect to use one inventory pool.

Summary

Full Text

Legislative Actions

1. 1982-06-30

   Introduced in Senate

2. 1982-06-30

   Read twice and referred to the Committee on Finance.

3. 1982-07-06

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