HR 2647 · 109th Congress 2005–2007, ended

Qualified Personal Service Corporations Clarification Act of 2005

Fact sheet

Latest action · May 26, 2005 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.

  1. IntroducedMay 26, 2005
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

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).

Cosponsors 2

Members who signed on, in the order they did. All signed on Jun 14, 2005.

SeatCosponsorSigned on
R-MNJim RamstadJun 14, 2005
R-PAPhil EnglishJun 14, 2005

Actions 2

Everything that happened, newest first.

  1. May 26, 2005Introduced in House
  2. May 26, 2005Referred to the House Committee on Ways and Means.

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 1782Qualified Personal Service Corporations Clarification Act of 2005Identical billSep 28, 2005

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. May 26, 2005Introduced in House

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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.