US Congress House Bill 1993 (Prior Session Legislation)

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Spectrum: Strong Partisan Bill (Republican 11-1)
Status: Introduced on May 25 2011 - 25% progression, died in committee
Action: 2011-05-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

American Job Builders Tax Reform Act of 2011 - Amends the Internal Revenue Code to: (1) increase from $10 million to $40 million the gross receipts threshold for determining whether a small contractor may adopt an accounting method for reporting income from a construction contract other than the percentage of completion method; (2) allow an annual inflation adjustment to such increased $40 million threshold amount, beginning after 2011; and (3) exempt construction contracts from alternative minimum tax rules for reporting income from long-term contracts under the percentage of completion accounting method.

American Job Builders Tax Reform Act of 2011

Rep. Wally Herger [R-CA]	Rep. Shelley Berkley [D-NV]	Rep. Kevin Brady [R-TX]	Rep. John Culberson [R-TX]
Rep. Kay Granger [R-TX]	Rep. David McKinley [R-WV]	Rep. Jeff Miller [R-FL]	Rep. Steven Palazzo [R-MS]
Rep. Ron Paul [R-TX]	Rep. Erik Paulsen [R-MN]	Rep. Aaron Schock [R-IL]	Rep. Cliff Stearns [R-FL]

Date	Chamber	Action
2011-05-25	House	Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/1993/all-info
Text	https://www.congress.gov/112/bills/hr1993/BILLS-112hr1993ih.pdf