United States · Bill · HR
H.R. 1558 (108th)
To amend the Internal Revenue Code of 1986 to allow a married couple conducting an unincorporated trade or business to elect out of partnership status.
Introduced
2 April 2003
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
7 April 2025
Summary
Amends the Internal Revenue Code to allow a married couple conducting an unincorporated trade or business to elect out of partnership status. Allocates all related items of income, gain, loss, and credit equally between the spouses, unless they provide for a labor-based allocation. Includes each spouse's share of income or loss in net earnings from self-employment.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 2 April 2003
Introduced in House (PDF)
Introduced in House · EN · 2 April 2003
Introduced in House
summary · EN · 2 April 2003
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/108th-congress/house-bill/1558
- Open data entity: https://api.congress.gov/v3/bill/108/hr/1558