26 USC Part II, Subpart D - Inventories | LII / Legal Information Institute

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Current through Pub. L. 112-90. (See Public Laws for the current Congress.)

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Sec. 471. General rule for inventories. 472. Last-in, first-out inventories. 473. Qualified liquidations of LIFO inventories. 474. Simplified dollar-value LIFO method for certain small businesses. 475. Mark to market accounting method for dealers in securities.

Amendments

1993—Pub. L. 103–66, title XIII, § 13223(b)(2),Aug. 10, 1993, 107 Stat. 484, added item 475.

1986—Pub. L. 99–514, title VIII, § 802(b),Oct. 22, 1986, 100 Stat. 2350, substituted “Simplified dollar-value LIFO method for certain small businesses” for “Election by certain small businesses to use one inventory pool” in item 474.

1981—Pub. L. 97–34, title II, § 237(b),Aug. 13, 1981, 95 Stat. 253, added item 474.

1980—Pub. L. 96–223, title IV, § 403(a)(2),Apr. 2, 1980, 94 Stat. 304, added item 473.

The table below lists the classification updates, since Jan. 7, 2011, for the contained sections. If there are multiple sections, they are presented in section number order (original document order).

The most recent Classification Table update that we have noticed was Friday, April 6, 2012

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"nt" means note.
"nt [tbl]" means note [table].
"prec" means preceding.
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"to" means a transfer to another section.
"omitted" means the section is omitted.
"repealed" means the section is repealed.
"nt ed change" and "ed change" - See the Editorial Classification Change Table [pdf].

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General Reference

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26 USC	Description of Change	Session Year	Public Law	Statutes at Large

26 USC Part II, Subpart D - Inventories

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