Qualified Personal Service Corporations Clarification Act of 2005

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

R BrownbackSponsor

No cosponsors.

What it does: CRS summary · Introduced in Senate · Sep 28, 2005

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).

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Qualified Personal Service Corporations Clarification Act of 2005

Latest action (Sep 28, 2005): Read twice and referred to the Committee on Finance.

Policy area: Taxation · Origin: Senate · Introduced: Sep 28, 2005

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.