# Pub. L. 86-781: changes to the Internal Revenue Code

1960-09-14, 74 Stat. 1020. Source: <https://www.govinfo.gov/link/plaw/86/public/781>.

## Legislative history

- Bill: [H.R. 12536](https://www.congress.gov/bill/86th-congress/house-bill/12536)

## § 461: General rule for taxable year of deduction

- § 461(d): Pub. L. 86–781 added subsec. (d).

## § 4216: Definition of price

- § 4216: Pub. L. 86–781 added subsec. (f).

## § 6416: Certain taxes on sales and services

- § 6416(b)(1): Pub. L. 86–781 inserted “including (in the case of a tax imposed by chapter 32) a readjustment for local advertising (but only to the extent provided in section 4216(f)(2) and (3),)” after “or allowance,”.