HR 4176 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to allow taxpayers to value any excess inventory of books and other published material at its net realizable value.

Introduced 1981-07-16· Sponsored by Rep. Downey, Thomas J. [D-NY-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1981-07-16)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow taxpayers to value any excess inventory of books, maps, sheet music, periodicals, or similar printed material at the net realizable value of such inventory.…

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