HR 1479 · 108th Congress · Taxation

To amend the Internal Revenue Code of 1986 to allow the use of completed contract method of accounting in the case of certain long-term naval vessel construction contracts.

Introduced 2003-03-27· Sponsored by Rep. Johnson, Nancy L. [R-CT-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2003-03-27)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to permit a taxpayer who owns and operates a shipyard to elect to use the completed contract accounting method with respect to an qualified naval construction contract (more than 24 months in duration).…

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

Cosponsors (20)

7 Democrats13 Republicans
Rep. Jefferson, William J. [D-LA-2]LA
Rep. Cantor, Eric [R-VA-7]VA
Rep. Taylor, Gene [D-MS-4]MS
Rep. Wicker, Roger F. [R-MS-1]MS
Rep. Hunter, Duncan [R-CA-52]CA
Rep. Herger, Wally [R-CA-2]CA
Rep. Goode, Virgil H., Jr. [R-VA-5]VA
Rep. Bonner, Jo [R-AL-1]AL
Rep. Cunningham, Randy (Duke) [R-CA-50]CA
Rep. Scott, Robert C. "Bobby" [D-VA-3]VA
Rep. Jones, Walter B., Jr. [R-NC-3]NC
Rep. Forbes, J. Randy [R-VA-4]VA
Rep. English, Phil [R-PA-3]PA
Rep. Kilpatrick, Carolyn C. [D-MI-13]MI
Rep. Vitter, David [R-LA-1]LA
Rep. Neal, Richard E. [D-MA-2]MA
Rep. Alexander, Rodney [D-LA-5]LA
Rep. McCrery, Jim [R-LA-4]LA
Rep. Davis, Jo Ann [R-VA-1]VA
Rep. Israel, Steve [D-NY-2]NY