S. 1782 (109th): Qualified Personal Service Corporations Clarification Act of 2005

Introduced:
Sep 28, 2005 (109th Congress, 2005–2006)
Status:
Died (Referred to Committee)
Sponsor
Samuel “Sam” Brownback
Senator from Kansas
Party
Republican
Text
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Last Updated
Sep 28, 2005
Length
6 pages
Related Bills
S. 2961 (108th) was a previous version of this bill.

Referred to Committee
Last Action: Oct 08, 2004

H.R. 2647 (identical)

Referred to Committee
Last Action: May 26, 2005

 
Status

This bill was introduced on September 28, 2005, in a previous session of Congress, but was not enacted.

Progress
Introduced Sep 28, 2005
Referred to Committee Sep 28, 2005
 
Full Title

A bill 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
none
Committees

Senate Finance

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

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate 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

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Library of Congress Summary

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


9/28/2005--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

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