,,ii  #aai? ,,congress  #a/ ,session    
,s4 #afhg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #h1 #bjbe ,mr4 ,"y
 introduc$ ! foll[+ bill2 :i* 0 read    
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to provide an     
exception to p]c5tage ( completion me?od
 ( acc\nt+ = c]ta9 resid5tial           
con/ruction contracts4  #a4  ,%ort title
  ,?is ,act may be cit$ z ! ,fair       
,acc\nt+ = ,condom9ium ,con/ruction     
,act4  #b4  ,exception to p]c5tage (    
completion me?od ( acc\nt+ = c]ta9      
resid5tial con/ruction contracts  7a7   
,9 g5]al  ,section #dfj7;e7 ( ! ,int]nal
 ,rev5ue ,code ( #aihf is am5d$--  7#a7 
9 p>agraph 7#a7-- 7,a7 by /rik+ home    
con/ruction contract bo? places x appe>s
 & ins]t+ resid5tial con/ruction        
contract1 &  7,b7 by ins]t+ 7det]m9$ by 
sub/itut+ #c-ye> = #b-ye> 9 subp>agraph 
7,b77i7 = any resid5tial con/ruction    
contract :i* is n a home con/ruction    
contract7 aft] ! requirem5ts ( clauses  

7i7 & 7ii7 ( subp>agraph 7,b71  7#b7 by 
/rik+ p>agraph 7#d7 & r$esignat+        
p>agraph 7#e7 z p>agraph 7#d71 &  7#c7 9
 subp>agraph 7,a7 ( p>agraph 7#d71 z s  
r$esignat$1 by /rik+ p>agraph 7#d7 &    
ins]t+ p>agraph 7#c74  7b7  ,application
 ( exception = purposes ( alt]native    
m9imum tax  ,section #ef7;a77#c7 ( su*  
,code is am5d$ by /rik+ any home        
con/ruction contract 7z def9$ 9 section 
#dfj7;e77#f77 & ins]t+ any resid5tial   
con/ruction contract 7z def9$ 9 section 
#dfj7;e77#d774  7c7  ,effective date  ,!
 am5dm5ts made by ?is section %all apply
 to contracts ent]$ into aft] ! date ( !
 enactm5t ( ?is ,act4