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HR 3770 110th Congress House

Qualified Personal Service Corporations Clarification Act of 2007

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: May 22, 2008 See on congress.gov
Taxation AccountingAffiliated corporationsArchitectureArts, Culture, Religion
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CommerceCorporation taxesEmployee ownershipEngineeringFinance and Financial SectorIncome taxInfrastructureLabor and EmploymentPartnershipsService industriesStockholdersStocksSubsidiary corporationsTax administration
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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
Oct 4, 2007
Referred to the House Committee on Ways and Means.
Oct 4, 2007
Introduced in House
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 Latest action October 4, 2007

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
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).
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Doggett, Lloyd
Texas · May 22, 2008
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3770: Qualified Personal Service Corporations Clarification Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-HR-3770/
MLA
"H.R. 3770: Qualified Personal Service Corporations Clarification Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-3770/.
Bluebook (legal)
H.R. 3770, 110th Cong. (2026), https://openamerica.io/bill/110-HR-3770/.
Markdown link
[H.R. 3770: Qualified Personal Service Corporations Clarification Act of 2007](https://openamerica.io/bill/110-HR-3770/)
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