# 119-s-1687: Fair Accounting for Condominium Construction Act

119-s-1687, Fair Accounting for Condominium Construction Act, is a 119th Congress bill sponsored by Sen. Young, Todd [R-IN] (R-IN); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-1687
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1687
- Congress: 119
- Title: Fair Accounting for Condominium Construction Act
- Status: introduced
- Introduced: 2025-05-08
- Sponsor: Sen. Young, Todd [R-IN] (R-IN)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Changes tax accounting for condo and other residential construction.** The bill amends the tax code to replace the term "home construction contract" with "residential construction contract" and says that for residential contracts that are not home construction contracts the rule uses a "3-year" test instead of "2-year" for the exception to the percentage-of-completion method.

## Provisions PRIA read

- Tax accounting change for builders: benefit, low. This bill would change tax accounting for some residential construction contracts. It would rename "home construction contract" to "residential construction contract." For residential contracts that are not home contracts, it would use a 3-year test instead of the current 2-year test for a timing d…

## Related bills

- 119-s-2975: PIPELINE Safety Act of 2025
- 119-s-1541: SHIPS for America Act of 2025
- 119-s-3597: National Quantum Initiative Reauthorization Act of 2026
- 119-s-579: Department of Energy Quantum Leadership Act of 2025
- 119-s-4952: Protecting American Taxpayers Act
- 119-s-4378: Protecting American Taxpayers Act

## Sources
- [119-s-1687 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1687)

## Related
- [119-s-2975: PIPELINE Safety Act of 2025](https://policyrisk.com/legislation/119-s-2975)
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-3597: National Quantum Initiative Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3597)
- [119-s-579: Department of Energy Quantum Leadership Act of 2025](https://policyrisk.com/legislation/119-s-579)
- [119-s-4952: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4952)
- [119-s-4378: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4378)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1687 (as of 2025-12-21).