Qualified Personal Service Corporations Clarification Act of 2005

Summary

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).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 28 September 2005

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 28 September 2005

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 28 September 2005 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 28 September 2005

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 28 September 2005

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 28 September 2005

  Open at official source

Sponsors

• Sen. Brownback, Sam [R-KS] · R · Sponsor
• · ssfi00 · Standing

Related records

• related to → Qualified Personal Service Corporations Clarification Act of 2005