A bill to amend the Internal Revenue Code of 1986 to provide that contracts for residential construction which are completed in less than 12 months shall be exempt from the requirement to use the percentage of completion method.

Introduced

3 August 1988

Last action

10 November 1988 · Committee

Status

Provisions of Measure Incorporated Into H.R.4333.

Sponsors

Rep. Schulze, Richard T. [R-PA-5], Rep. Archer, Bill [R-TX-7], Rep. McGrath, Raymond J. [R-NY-5], Rep. Matsui, Robert T. [D-CA-5], Rep. Chandler, Rod D. [R-WA-8], Rep. Kostmayer, Peter H. [D-PA-8], Rep. Murtha, John P. [D-PA-12], Rep. Yatron, Gus [D-PA-6], Rep. Kolter, Joseph P. [D-PA-4], Rep. Thomas, William M. [R-CA-21], Rep. Dornan, Robert K. [R-CA-46], Rep. Sundquist, Don [R-TN-7], Rep. Hefner, W. G. (Bill) [D-NC-8], Rep. Rowland, John G. [R-CT-5], Rep. Wortley, George C. [R-NY-27], Rep. Emerson, Bill [R-MO-8], Rep. Jenkins, Edgar L. [D-GA-9], Rep. Swindall, Patrick L. [R-GA-4], Rep. McCandless, Alfred A. (Al) [R-CA-44], Rep. Solomon, Gerald B. H. [R-NY-22], Rep. Bustamante, Albert G. [D-TX-23], Rep. Marlenee, Ron [R-MT-2], Rep. Frank, Barney [D-MA-4], Rep. Armey, Richard K. [R-TX-26], Rep. Henry, Paul B. [R-MI-5], Rep. Barton, Joe [R-TX-6], Rep. Ballenger, Cass [R-NC-10], Rep. Gordon, Bart [D-TN-6], Rep. Lancaster, H. Martin [D-NC-3], Rep. Hastert, J. Dennis [R-IL-14], Rep. Leath, Marvin [D-TX-11], Rep. Quillen, James H. (Jimmy) [R-TN-1], Rep. Wylie, Chalmers P. [R-OH-15], Rep. Buechner, Jack [R-MO-2], Rep. McEwen, Bob [R-OH-6], Rep. Packard, Ron [R-CA-48], Sen. Bunning, Jim [R-KY], Rep. Smith, Lawrence [D-FL-16], Rep. Shays, Christopher [R-CT-4], Rep. Vento, Bruce F. [D-MN-4], Rep. Chapman, Jim [D-TX-1], Rep. Holloway, Clyde [R-LA-8], Rep. Vucanovich, Barbara F. [R-NV-2]

Subjects

Housing, Taxation

Source updated

7 February 2024