To amend the Internal Revenue Code of 1986 to allow a married couple conducting an unincorporated trade or business to elect out of partnership status.
Latest action · Apr 2, 2003 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 2, 2003
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Allocates all related items of income, gain, loss, and credit equally between the spouses, unless they provide for a labor-based allocation.
Includes each spouse's share of income or loss in net earnings from self-employment.
Cosponsors 8
Members who signed on, in the order they did. Signatures ran from Apr 2, 2003 to Oct 15, 2003, with 6 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| I-VT | Bernard Sanders | Original | Apr 2, 2003 |
| D-CA | Fortney Pete Stark | Original | Apr 2, 2003 |
| D-GA | John Lewis | Original | Apr 2, 2003 |
| D-TX | Max Sandlin | Original | Apr 2, 2003 |
| D-MA | Richard E. Neal | Original | Apr 2, 2003 |
| D-CT | Rosa L. DeLauro | Original | Apr 2, 2003 |
| D-WA | Jim McDermott | Oct 15, 2003 | |
| D-MI | Sander M. Levin | Oct 15, 2003 |
Actions 2
Everything that happened, newest first.
- Apr 2, 2003Introduced in House
- Apr 2, 2003Referred to the House Committee on Ways and Means.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.