HR 2722 · 104th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide that the look-back method shall not apply to construction contracts required to use the percentage of completion method.

Introduced 1995-12-06· Sponsored by Rep. Christensen, Jon [R-NE-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1995-12-06)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to prescribe that the look-back method shall not apply to any construction contract and to any other contract required to use the percentage of completion method.…

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

Cosponsors (1)

1 Democrat
Rep. Cramer, Robert E. (Bud), Jr. [D-AL-5]AL