Code · BILL · 115th Congress · H.R. 1 (Introduced in House) — To provide for reconciliation pursuant to title II of the concurrent resolution on the budget for fiscal year 2018. · Sec. 4102

Sec. 4102. Source of income from sales of inventory determined solely on basis of production activities

70 words·~1 min read·/bill/115/hr/1/ih/section-4102

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Section 863(b) 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, 2017.