Federal bill targets construction accounting 

Published: June 3, 2011
Tags: ABC, American Job Builders Tax Reform Act, Associated Builders and Contractors of America, Brandon Moody, contractors, David McKinley, J. H. Hassinger, Reid Ribble, Robin Word, tax credit, Tom Dufour, Wally Herger

By James Briggs A federal bill that’s gaining momentum could offer tax advantages to small and mid-sized contractors. The American Job Builders Tax Reform Act of 2011, sponsored by U.S. Reps. Wally Herger, R-Calif., and David McKinley, R-W. Va., would open up the completed-contract method of accounting to a majority of contractors, said Robin Word, [...]