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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
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Plain-English summary Congressional Research Service
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 March 27, 2003

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 2 Republican 1
D
Neal, Richard E.
Massachusetts · May 22, 2003
 D
Scott, Robert C. "Bobby"
Virginia · May 7, 2003
 R
Wicker, Roger F.
Mississippi · Mar 27, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1479: 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.. 108th Congress. Open America. https://openamerica.io/bill/108-HR-1479/
MLA
"H.R. 1479: 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.." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-1479/.
Bluebook (legal)
H.R. 1479, 108th Cong. (2026), https://openamerica.io/bill/108-HR-1479/.
Markdown link
[H.R. 1479: 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.](https://openamerica.io/bill/108-HR-1479/)
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