TREATMENT OF EXCEPTION FROM INSTALLMENT SALES RULES FOR SALES OF PROPERTY BY A MANUFACTURER TO A DEALER.

SEC. 1088. TREATMENT OF EXCEPTION FROM INSTALLMENT SALES RULES FOR SALES OF PROPERTY BY A MANUFACTURER TO A DEALER. (a) In General.—Paragraph (2) of section 811(c) of the Tax Reform Act of 1986 is hereby repealed. (b) Effective Date.— (1) In general.—The amendment made by this section shall apply to taxable years beginning more than 1 year after the date of the enactment of this Act. (2) Coordination with section 481.—In the case of any taxpayer required by this section to change its method of accounting for any taxable year— (A) such changes shall be treated as initiated by the taxpayer, (B) such changes shall be treated as made with the consent of the Secretary of the Treasury, and (C) the net amount of the adjustments required to be taken into account under section 481(a) of the Internal Revenue Code of 1986 shall be taken into account ratably over the 4 taxable year period beginning with the first 111 STAT. 960taxable year beginning after the date of the enactment of this Act.