Statute section
IRC section 263A
Capitalization and inclusion in inventory costs of certain expenses (UNICAP)
Country
United States
Section
263A
Updated
2026-05-20
Operative text
Section 263A (UNICAP) generally requires producers and resellers above a gross-receipts threshold to capitalize direct and certain indirect costs related to property produced or held for resale. The TCJA raised the gross-receipts threshold for the small-business exception to $25 million (indexed), simplifying UNICAP for many smaller taxpayers.
Amendment history
2017-12-22
Pub. L. 115-97
TCJA raised the gross-receipts threshold for the small-business UNICAP exception.
Cross-references
Related guides
Related citations
Computed from the cross-reference graph. Links open the related entity on this site.
This entry cites
- StatuteIRC §263
Cited by
- StatuteIRC §263
Primary sources
- 26 U.S.C. section 263AVerified 2026-05-20
Important disclaimer
This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.