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.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide that the percentage of completion method of accounting for long-term contracts for the manufacture of property is not required unless payment is required to be made before the manufacture of such property is completed.…