To amend the Internal Revenue Code of 1986 to provide that the percentage of completion method of accounting shall not be required to be used with respect to contracts for the manufacture of property if no payments are required to be made before the completion of the manufacture of such property.

referredUnited States· United States Congress· EN

Introduced

4 May 1994

Last action

—

Status

Referred to the House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to provide that the use of the percentage of completion method of accounting is not required with respect to contracts for the manufacture of property if no payments are required to be made before the completion of the manufacture of such property.

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Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 4 May 1994
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Introduced in House (PDF)
Introduced in House · EN · 4 May 1994
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Introduced in House
summary · EN · 4 May 1994
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Sources

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Official source: https://www.congress.gov/bill/103rd-congress/house-bill/4340
Open data entity: https://api.congress.gov/v3/bill/103/hr/4340