Sec. 4104. Source of income from sales of inventory determined solely on basis of production activities
73 words·~1 min read·
/bill/113/hr/1/ih/section-4104A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subsection
(b)of section 863 is amended by adding at the end the following: Gains, profits, and income from the sale or exchange of inventory property described in paragraph
(2)shall be allocated and apportioned between sources within and without the United States solely on the basis of the production activities with respect to the property. . The amendment made by this section shall apply to taxable years beginning after December 31, 2014.