S 666
107th Congress
Senate
Taxation
Accounting
Armed Forces and National Security
Business income tax
Commerce
Defense contracts
Finance and Financial Sector
Government Operations and Politics
Income tax
Naval procurement
Shipbuilding
Tax administration
Transportation and Public Works
Warships
A bill 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: March 30, 2001
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 30, 2001
Read twice and referred to the Committee on Finance.
Mar 30, 2001
Sponsor introductory remarks on measure. (CR S3217-3218)
Mar 30, 2001
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to permit a taxpayer to elect to use the completed contract accounting method with respect to a qualified naval construction contract (more than 24 months in duration).
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1