A bill to amend the Internal Revenue Code of 1986 to clarify that bonus depreciation is not a cost allocated to a contract under the percentage of completion method for long-term contracts; to the Committee on Ways and Means.

H.R. 3366 — A bill to amend the Internal Revenue Code of 1986 to clarify that bonus depreciation is not a cost allocated to a contract under the percentage of completion method for long-term contracts; to the Committee on Ways and Means.

By Mr. SAM JOHNSON of Texas (for himself and Mr. Neal), H7397 [4NO]

Cosponsors added, H7893 [18NO], H7929 [29NO], H8000 [30NO], H8320 [8DE], H8967 [14DE]