118th Congress Taxation
H.R. 4280: Fair Accounting for Condominium Construction Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill exempts certain residential construction contracts from the requirement to use the percentage of completion method of accounting. The percentage of completion method is a tax accounting method in which the revenues and expenses of long-term contracts are recognized as a percentage of the work completed in a particular period.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Bill Pascrell D-NJOriginal
Who scored on this bill
- 1Vern Buchanan SponsorDrew cross-party cosponsors, introduced2 events+6
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Other bills by Vern Buchanan
History
- Introduced in the House by Vern Buchanan.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.