HR 868
110th Congress
House
Taxation
Commerce
Earnings
Families
Family enterprises
Income tax
Joint ventures
Labor and Employment
Married people
Self-employed
Social Welfare
Social security taxes
Tax returns
Family Small Business Tax Fairness Act of 2007
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 7, 2007
Referred to the House Committee on Ways and Means.
Feb 7, 2007
Introduced in House
Plain-English summary
Family Small Business Tax Fairness Act of 2007 - Amends the Internal Revenue Code to allow a married couple filing a joint tax return an election to conduct a trade or business as a qualified joint venture for purposes of determining separate net employment income. Defines "qualified joint venture" as an entity that is not treated as a partnership and that allows spouses to: (1) treat items of income and expense in accordance with their respective interests in the venture; and (2) conduct their business activities as sole proprietors.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1