Sec. 3307. Repeal of special rule for magazines, paperbacks, and records returned after close of the taxable year
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Subpart B of part II of subchapter E of chapter 1 is amended by striking section 458 (and by striking the item relating to such section in the table of sections for such subpart). The amendments made by this section shall apply to taxable years beginning after December 31, 2014. In the case of any taxpayer required by the amendments made by this section to change its method of accounting for its first taxable year beginning after December 31, 2014— such change shall be treated as initiated by the taxpayer, and such change shall be treated as made with the consent of the Secretary of the Treasury.