To amend the Internal Revenue Code of 1986 to allow the use of completed contract method of accounting in the case of certain long-term naval vessel construction contracts.

Summary

Amends the Internal Revenue Code to permit a taxpayer who owns and operates a shipyard to elect to use the completed contract accounting method with respect to an qualified naval construction contract (more than 24 months in duration).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 27 March 2003

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 27 March 2003

   Introduced

   Introduced in House

   Source: IntroReferral

3. 27 March 2003

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 27 March 2003 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 27 March 2003

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 27 March 2003

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 27 March 2003

  Open at official source

Sponsors

• Rep. Johnson, Nancy L. [R-CT-6] · R · Sponsor
• Rep. Jefferson, William J. [D-LA-2] · D · Sponsor
• Rep. Cantor, Eric [R-VA-7] · R · Sponsor
• Rep. Taylor, Gene [D-MS-5] · D · Sponsor
• Roger Wicker · R · Sponsor
• Rep. Hunter, Duncan [R-CA-45] · R · Cosponsor
• Rep. Herger, Wally [R-CA-2] · R · Cosponsor
• Rep. Goode, Virgil H., Jr. [R-VA-5] · R · Cosponsor
• Rep. Bonner, Jo [R-AL-1] · R · Cosponsor
• Rep. Cunningham, Randy (Duke) [R-CA-50] · R · Cosponsor
• Rep. Scott, Robert C. "Bobby" [D-VA-3] · D · Cosponsor
• WALTER JONES · R · Cosponsor
• Rep. Forbes, J. Randy [R-VA-4] · R · Cosponsor
• Rep. English, Phil [R-PA-3] · R · Cosponsor
• Rep. Kilpatrick, Carolyn C. [D-MI-13] · D · Cosponsor
• Sen. Vitter, David [R-LA] · R · Cosponsor
• Richard Neal · D · Cosponsor
• Rep. Alexander, Rodney [R-LA-5] · D · Cosponsor
• Rep. McCrery, Jim [R-LA-4] · R · Cosponsor
• Rep. Davis, Jo Ann [R-VA-1] · R · Cosponsor
• Rep. Israel, Steve [D-NY-3] · D · Cosponsor
• Rep. Simmons, Rob [R-CT-2] · R · Cosponsor
• Rep. Houghton, Amo [R-NY-34] · R · Cosponsor
• FRANK LOBIONDO · R · Cosponsor
• Rep. Shaw, E. Clay, Jr. [R-FL-15] · R · Cosponsor
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.