3.0.0 6097 2023-01-11T13:21:40Z 2023-01-11T13:21:40Z House H HR 2010-08-10 111 hswm00 Ways and Means Committee House Standing Referred to 2010-08-10T13:01:48Z 2010-08-10 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2010-08-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-08-10 Introduced in House IntroReferral 1000 9 Library of Congress H000528 Rep. Herger, Wally [R-CA-2] WALLY HERGER R CA 2 N B001231 Rep. Berkley, Shelley [D-NV-1] SHELLEY BERKLEY D NV 1 2010-08-10 True P000599 Rep. Posey, Bill [R-FL-15] Bill Posey R FL 15 2010-09-22 False Taxation Accounting and auditing Building construction Contracts and agency Income tax rates Inflation and prices Small business Taxation

00 2010-08-10 Introduced in House 2010-09-29T19:24:58Z American Job Builders Tax Reform Act of 2010 - 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 2009; and (3) exempt construction contracts from alternative minimum tax rules for reporting income from long-term contracts under the percentage of completion accounting method.

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Display Title Official Title as Introduced Introduced in House IH Short Titles as Introduced Introduced in House 2010-08-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr6097ih/xml/BILLS-111hr6097ih.xml 2010-08-10 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.