HR 2759
Fair Accounting for Condominium Construction Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 6:35 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Fair Accounting for Condominium Construction Act, aims to change how revenue is reported for construction projects. Specifically, it modifies the rules for accounting for residential construction contracts under the Internal Revenue Code. The bill proposes an exception to the ‘percentage of completion’ method, which is commonly used to account for project costs, allowing for a different approach when dealing with condominium construction. This change is intended to provide a more accurate reflection of costs incurred in these types of projects.
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