Skip to main content
H.R. 4280 118th Congress House

Fair Accounting for Condominium Construction Act

Official title: To amend the Internal Revenue Code of 1986 to provide an exception to percentage of completion method of accounting for certain residential construction contracts.

Introduced: June 22, 2023 Introduced by: Vern Buchanan Republican · Florida See on congress.gov
Taxation
Sign in to write a letter Sign in to watch
This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Jun 22, 2023
Referred to the House Committee on Ways and Means.
Jun 22, 2023
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action June 22, 2023

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Fair Accounting for Condominium Construction Act

This bill exempts certain residential construction contracts from the requirement to use the percentage of completion method of accounting. The percentage of completion method is a tax accounting method in which the revenues and expenses of long-term contracts are recognized as a percentage of the work completed in a particular period.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 9

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 9 filings →
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4280: Fair Accounting for Condominium Construction Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-4280/
MLA
"H.R. 4280: Fair Accounting for Condominium Construction Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-4280/.
Bluebook (legal)
H.R. 4280, 118th Cong. (2026), https://openamerica.io/bill/118-HR-4280/.
Markdown link
[H.R. 4280: Fair Accounting for Condominium Construction Act](https://openamerica.io/bill/118-HR-4280/)
Report a problem