H.R. 5151 (100th): A bill to amend the Internal Revenue Code of 1986 to provide that contracts for residential construction which are completed in less than 12 months shall be exempt from the requirement to use the percentage of completion method.

Introduced:

Aug 3, 1988
100th Congress, 1987–1988

Status:
Died in a previous Congress

This bill was introduced on August 3, 1988, in a previous session of Congress, but was not enacted.

Sponsor:

Richard Schulze

Representative for Pennsylvania's 5th congressional district

Republican

About the bill

Summary (CRS)
8/3/1988--Introduced.Amends accounting provisions of the Internal Revenue Code to provide that the percentage completion method shall not be required in the case of any residential construction contract that the taxpayer ... Read more >
Related Bills

Legislative action may be ocurring on one of these bills in lieu of or in parallel to action on this bill.

S. 2694 (identical)

Referred to Committee
Last Action: Aug 5, 1988

H.R. 4333 (Related)
Technical and Miscellaneous Revenue Act of 1988

Enacted — Signed by the President
Nov 10, 1988

What is a bill?

The “H.R.” in “H.R. 5151” means this is a House of Representatives bill in the United States Congress. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

The bill’s title was written by its sponsor.

History

Introduced
Aug 3, 1988

Details

Cosponsors
42 cosponsors (27R, 15D) (show)
Committee Assignments

The committee chair determines whether a bill will move past the committee stage.

Votes

There have been no votes related to this bill.

Subject Areas
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Primary Source

THOMAS.gov (The Library of Congress)

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