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S 774 108th Congress Senate

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: May 1, 2003 See on congress.gov
Taxation AccountingArmed Forces and National SecurityCommerceDefense contracts
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Defense procurementFinance and Financial SectorGovernment Operations and PoliticsIncome taxShipbuildingTax administrationTransportation and Public WorksWarships
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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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 3, 2003
Read twice and referred to the Committee on Finance.
Apr 3, 2003
Sponsor introductory remarks on measure. (CR S4826)
Apr 3, 2003
Introduced in Senate
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 Latest action April 3, 2003

Read twice and referred to the Committee on Finance.

 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).
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Collins, Susan M.
Maine · May 1, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). S. 774: 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.. 108th Congress. Open America. https://openamerica.io/bill/108-S-774/
MLA
"S. 774: 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.." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-S-774/.
Bluebook (legal)
S. 774, 108th Cong. (2026), https://openamerica.io/bill/108-S-774/.
Markdown link
[S. 774: 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.](https://openamerica.io/bill/108-S-774/)
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