HR 1479
108th Congress
House
Taxation
Accounting
Armed Forces and National Security
Commerce
Defense contracts
Defense procurement
Finance and Financial Sector
Government Operations and Politics
Income tax
Shipbuilding
Tax administration
Transportation and Public Works
Warships
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 27, 2003
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 27, 2003
Referred to the House Committee on Ways and Means.
Mar 27, 2003
Introduced in House
Plain-English summary
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).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1