# 119-hr-2759: Fair Accounting for Condominium Construction Act

119-hr-2759, Fair Accounting for Condominium Construction Act, is a 119th Congress bill sponsored by Rep. Buchanan, Vern [R-FL-16] (R-FL); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-hr-2759
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-2759
- Congress: 119
- Title: Fair Accounting for Condominium Construction Act
- Status: introduced
- Introduced: 2025-04-09
- Sponsor: Rep. Buchanan, Vern [R-FL-16] (R-FL)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Creates an exception to the percentage-of-completion accounting method for certain residential construction contracts.** It replaces the term "home construction contract" with "residential construction contract" in the tax code and aligns Alternative Minimum Tax (AMT) treatment with that new definition. - Builders and residential contractors: Qualifying residential construction contracts can fall under a different accounting exception. For contracts that are not traditional "home construction contracts" the timing test used for qualification is lengthened from 2 years to 3 years. - Taxpayers and tax preparers: The bill updates the AMT reference so the same "residential construction contract" definition is used for AMT purposes. That reduces mismatch between regular tax rules and AMT rules for these contracts. - Scope and timing: The change applies only to contracts entered into after enactment and does not authorize any new appropriations.

## Provisions PRIA read

- New tax timing rules for residential builders: mixed, low. This bill would change how some builders report income on long residential jobs. It would replace “home construction” with “residential construction” in key tax rules. For residential jobs that are not “home construction,” a 3-year test would replace a 2-year test to see if the exception applies. T…

## Related bills

- 119-hr-137: TCJA Permanency Act
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-9041: America Bikes Act
- 119-hr-140: Hurricane Helene and Milton Tax Relief Act of 2025
- 119-hr-8438: Wildlife Corridors and Habitat Connectivity Conservation Act of 2026
- 119-hr-833: Educational Choice for Children Act of 2025

## Sources
- [119-hr-2759 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/2759)

## Related
- [119-hr-137: TCJA Permanency Act](https://policyrisk.com/legislation/119-hr-137)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-9041: America Bikes Act](https://policyrisk.com/legislation/119-hr-9041)
- [119-hr-140: Hurricane Helene and Milton Tax Relief Act of 2025](https://policyrisk.com/legislation/119-hr-140)
- [119-hr-8438: Wildlife Corridors and Habitat Connectivity Conservation Act of 2026](https://policyrisk.com/legislation/119-hr-8438)
- [119-hr-833: Educational Choice for Children Act of 2025](https://policyrisk.com/legislation/119-hr-833)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-2759 (as of 2025-12-21).