HR 2208 · 104th Congress · Taxation

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 completion of the manufacture of such property.

Introduced 1995-08-04· Sponsored by Rep. Ehlers, Vernon J. [R-MI-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1995-08-04)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only