Introduced
S. 1687
Introduced in Senate · May 20, 2025May 8, 2025
Mr. Young introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to provide an exception to percentage of completion method of accounting for certain residential construction contracts.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “Fair Accounting for Condominium Construction Act”.