[20020115]RS20432_影响分期付款销售的税务变更.pdf

Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS20432Updated January 15, 2002Tax Changes Affecting Installment SalesGregg A. EsenweinSpecialist in Public FinanceGovernment and Finance DivisionSummaryOn December 17, 1999, President Clinton signed the Work Incentives ImprovementAct of 1999 (H.R. 1180; P.L. 106-170). This Act included a modification and limitationon the use of the installment method of reporting asset sales for taxpayers who normallyuse the accrual method of accounting. This change produced a great deal of concern inthe small business community. In response to this controversy, Congress acted to repeal these restrictions oninstallment method sales. Congressional action on this issue culminated in the passageof the Installment Tax Correction Act of 2000 (P.L. 106-573, H.R. 3594) which wassigned into law on December 28, 2000. This Act repealed the restrictions on theinstallment sale method imposed by the 1999 Act. The repeal was made retroactive tothe date of enactment of the 1999 change.This report will not be updated unless new legislative action is undertaken. Under pre-December 1999 tax law, some