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- S.666
S.666: 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.
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced March 30, 2001
- Latest Major Action March 30, 2001
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
10 (4 Democrats, 7 Republicans)
Bill Summary
Amends the Internal Revenue Code to permit a taxpayer to elect to use the completed contract accounting method with respect to a qualified naval construction contract (more than 24 months in duration).
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| March 30, 2001 |
Introduced in the Senate by Olympia J. Snowe (R-Maine) |