HR 4020 · 100th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to exempt small manufacturers from the capitalization rules added by the Tax Reform Act of 1986.

Introduced 1988-02-25· Sponsored by Rep. Daub, Hal [R-NE-2]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1988-02-25)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt from the required application of uniform inventory cost capitalization rules the relevant costs of a taxpayer-manufacturer whose receipts for the preceding three years are $10,000,000 or less.…

Summarized by Claude AI · Non-partisan · For informational purposes only