HR 3770
110th Congress
House
Taxation
Accounting
Affiliated corporations
Architecture
Arts, Culture, Religion
Commerce
Corporation taxes
Employee ownership
Engineering
Finance and Financial Sector
Income tax
Infrastructure
Labor and Employment
Partnerships
Service industries
Stockholders
Stocks
Subsidiary corporations
Tax administration
Qualified Personal Service Corporations Clarification Act of 2007
Introduced: October 4, 2007
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 4, 2007
Referred to the House Committee on Ways and Means.
Oct 4, 2007
Introduced in House
Plain-English summary
Qualified Personal Service Corporations Clarification Act of 2007 - 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).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1