A bill to amend section 451 of the Internal Revenue Code of 1954 to provide for a special rule for the inclusion in income of magazine sales for display purposes.

[AI summary unavailable — showing source text] Allows, under the Internal Revenue Code, a taxpayer who is on the accrual method of accounting to elect not to include in gross income for the taxable year the income attributable to the sale of any magazine or other periodical sold for display purposes which is returned not later than the 15th day of the third month after the close of the taxable year, or otherwise establishes in accordance with regulations established by the Secretary of the Treasury that the periodical has not been sold and will not be sold.…