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HR 2814 108th Congress House

Qualified Personal Service Corporations Clarification Act of 2003

Official 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.

Introduced: March 23, 2004 See on congress.gov
Taxation AccountingAffiliated corporationsCommerceCorporation taxes
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Employee ownershipEngineeringFinance and Financial SectorIncome taxInfrastructureLabor and EmploymentPartnershipsService industriesStockholdersStocksSubsidiary corporationsTax administration
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 22, 2003
Referred to the House Committee on Ways and Means.
Jul 22, 2003
Introduced in House
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 Latest action July 22, 2003

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
Qualified Personal Service Corporations Clarification Act of 2003 - 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).
 Related & companion bills 1
  • S 2961 Related bill Qualified Personal Service Corporations Clarification Act of 2004
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Republican 1
BEREUTER, DOUGLAS
· Jun 18, 2004
LINDER, JOHN
· Apr 2, 2004
COLLINS, MAC
· Mar 23, 2004
 R
Sessions, Pete
Texas · Mar 23, 2004
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2814: Qualified Personal Service Corporations Clarification Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-2814/
MLA
"H.R. 2814: Qualified Personal Service Corporations Clarification Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-2814/.
Bluebook (legal)
H.R. 2814, 108th Cong. (2026), https://openamerica.io/bill/108-HR-2814/.
Markdown link
[H.R. 2814: Qualified Personal Service Corporations Clarification Act of 2003](https://openamerica.io/bill/108-HR-2814/)
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