To clarify the accounting treatment for Federal income tax purposes of deposits and similar amounts received by a tour operator for a tour arranged by such operator.

Fact Sheet API

Bill Number

HR 2618

Introduced

Jul 24, 2001

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Accounting Business income tax Commerce Finance and Financial Sector Income tax Tax administration Taxation Tourism Transportation and Public Works

Full Text

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Votes

Summary

Provides for the tax accounting treatment of amounts received by a tour operator using an accrual method of accounting from or on behalf of passengers in advance of the departure of a tour arranged by such operator.

Actions

Jul 24, 2001

Referred to the House Committee on Ways and Means.
Jul 24, 2001

Introduced in House

Amendments

Related Bills