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Fair Accounting for Condominium Construction Act

USA118th CongressHR-4280| House 
| Updated: 6/22/2023
Vern Buchanan

Vern Buchanan

Republican Representative

Florida

Cosponsors (1)
Bill Pascrell (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Fair Accounting for Condominium Construction Act 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.
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Timeline

Bill from Previous Congress

HR 117-4061
Fair Accounting for Condominium Construction Act
Jun 22, 2023
Introduced in House
Jun 22, 2023
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 117-4061
    Fair Accounting for Condominium Construction Act


  • June 22, 2023
    Introduced in House


  • June 22, 2023
    Referred to the House Committee on Ways and Means.

Taxation

Fair Accounting for Condominium Construction Act

USA118th CongressHR-4280| House 
| Updated: 6/22/2023
Fair Accounting for Condominium Construction Act 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 117-4061
Fair Accounting for Condominium Construction Act
Jun 22, 2023
Introduced in House
Jun 22, 2023
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 117-4061
    Fair Accounting for Condominium Construction Act


  • June 22, 2023
    Introduced in House


  • June 22, 2023
    Referred to the House Committee on Ways and Means.
Vern Buchanan

Vern Buchanan

Republican Representative

Florida

Cosponsors (1)
Bill Pascrell (Democratic)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted