H.R. 1993 · 112th Congress
American Job Builders Tax Reform Act of 2011
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
HergerSponsor11 cosponsors · 1 D, 10 R
D
Berkley
DM
R
McKinley
KB
R
Brady
SP
R
Palazzo
CS
R
Stearns
KG
R
Granger
JM
R
Miller
RP
R
Paul
AS
R
Schock
EP
R
Paulsen
JC
R
Culberson2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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…
What it does: CRS summary · Introduced in House · May 25, 2011
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: American Job Builders Tax Reform Act of 2011
Latest action (May 25, 2011): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: May 25, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.