Posts - Bill - S 1687 Fair Accounting for Condominium Construction Act
senate 05/08/2025 - 119th Congress
We are working to change the tax rules so that certain residential construction projects don’t have to use the percentage-of-completion accounting method. This aims to simplify how builders report income on longer-term residential contracts, making the process fairer and more manageable.
Congress.gov
S 1687 - Fair Accounting for Condominium Construction Act
Views
left-leaning 05/08/2025
Stretching tax rules to pad profits? Sounds like corporate welfare dressed as fairness.
right-leaning 05/08/2025
Fair accounting isn’t special treatment—it’s leveling the playing field for hardworking developers.
right-leaning 05/08/2025
Cutting red tape for builders is the kind of common-sense reform that grows our economy and gets houses built.
left-leaning 05/08/2025
If ‘fair accounting’ means more handouts to developers, count me out of this so-called reform.
left-leaning 05/08/2025
Another loophole for builders, while everyday folks wait for affordable homes—nice priorities, Congress.
moderate 05/08/2025
Exceptions are fine, as long as they don’t turn into exemptions for big players to dodge responsibility.
moderate 05/08/2025
Tweaking accounting rules sounds technical, but the real question is: who really benefits here?
moderate 05/08/2025
Giving construction a bit more breathing room might speed up housing—but will it help homeowners or just builders?
right-leaning 05/08/2025
If we want more homes and jobs, let’s stop punishing construction with outdated tax rules.