United States · Bill · HR
H.R. 4061 (117th)
Fair Accounting for Condominium Construction Act
Introduced
22 June 2021
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
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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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 22 June 2021
Introduced in House (PDF)
Introduced in House · EN · 22 June 2021
Introduced in House
summary · EN · 22 June 2021
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/house-bill/4061
- Open data entity: https://api.congress.gov/v3/bill/117/hr/4061