HR 3255 · 111th Congress · Taxation

Qualified Personal Service Corporations Clarification Act of 2009

Introduced 2009-07-17· Sponsored by Rep. Schwartz, Allyson Y. [D-PA-13]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2009-07-17)

Plain Language Summary

[AI summary unavailable — showing source text] Qualified Personal Service Corporations Clarification Act of 2009 - 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).…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

1 Democrat2 Republicans
Rep. Johnson, Sam [R-TX-3]TX
Rep. Blumenauer, Earl [D-OR-3]OR
Rep. Herger, Wally [R-CA-2]CA