H. R. 2759 proposes changes to the Internal Revenue Code of 1986 aimed at amending how the percentage of completion method of accounting is applied to certain residential construction contracts. Specifically, it introduces an exception for residential construction contracts...
Simple Explanation
H. R. 2759 wants to change some rules about how builders of houses can count their money, letting them use a 3-year plan instead of a 2-year one, but it might make things a bit confusing because they don't clearly say which types of houses they're talking about.