### Question
How does Procedure and Administration define contract year?


### Answer
Under *26 U.S.C. § 7702A*, **contract year** is defined as:

> the 12-month period beginning with the 1st month for which the contract is in effect, and each 12-month period beginning with the corresponding month in subsequent calendar years

#### Citation:
  - *26 U.S.C. § 7702A*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 79-DEFINITIONS**

