H.R. 2647 (109th): Qualified Personal Service Corporations Clarification Act of 2005

Introduced:
May 26, 2005 (109th Congress, 2005–2006)
Status:
Died (Referred to Committee) in a previous session of Congress
See Instead:

S. 1782 (same title)
Referred to Committee — Sep 28, 2005

This bill was introduced on May 26, 2005, in a previous session of Congress, but was not enacted.

Introduced
May 26, 2005
 
Sponsor
James “Jim” Nussle
Representative for Iowa's 1st congressional district
Party
Republican
Text
Read Text »
Last Updated
May 26, 2005
Length
6 pages
Related Bills
H.R. 2814 (108th) was a previous version of this bill.

Referred to Committee
Last Action: Jul 22, 2003

S. 1782 (identical)

Referred to Committee
Last Action: Sep 28, 2005

 
Full Title

To amend the Internal Revenue Code of 1986 to clarify that qualified personal service corporations may continue to use the cash method of accounting, and for other purposes.

Summary

No summaries available.

 
Cosponsors
2 cosponsors (2R) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

Widget

Get a bill status widget for your website »

Citation

Click a format for a citation suggestion:

Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


5/26/2005--Introduced.
Qualified Personal Service Corporations Clarification Act of 2005 - Amends the Internal Revenue Code to modify the criteria for determining whether a corporation is a qualified personal service corporation. Includes within the definition of qualified personal service corporation a qualifying corporation substantially all of whose stock is held by certain former employees (thus permitting such corporation to use the cash method of accounting).

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

Use the comment space below for discussion of the merits of H.R. 2647 (109th) with other GovTrack users.
Your comments are not read by Congressional staff.

comments powered by Disqus