26 U.S. Code Part II, Subpart D - Inventories

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.

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. 3, 2012, 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 Tuesday, August 13, 2013

An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.

26 USCDescription of ChangeSession YearPublic LawStatutes at Large


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