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  <version>3.0.0</version>
  <bill>
    <number>1791</number>
    <updateDate>2023-01-15T23:18:03Z</updateDate>
    <updateDateIncludingText>2023-01-15T23:18:03Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2003-04-11</introducedDate>
    <congress>108</congress>
    <committees>
      <item>
        <systemCode>hswm00</systemCode>
        <name>Ways and Means Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
        <activities>
          <item>
            <name>Referred to</name>
            <date>2003-04-11T14:04:35Z</date>
          </item>
        </activities>
      </item>
    </committees>
    <actions>
      <item>
        <actionDate>2003-04-12</actionDate>
        <text>Sponsor introductory remarks on measure. (CR E768)</text>
        <type>IntroReferral</type>
        <actionCode>B00100</actionCode>
        <sourceSystem>
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          <name>Library of Congress</name>
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      <item>
        <actionDate>2003-04-11</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
        <type>IntroReferral</type>
        <actionCode>H11100</actionCode>
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          <name>House floor actions</name>
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            <systemCode>hswm00</systemCode>
            <name>Ways and Means Committee</name>
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      <item>
        <actionDate>2003-04-11</actionDate>
        <text>Introduced in House</text>
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          <code>9</code>
          <name>Library of Congress</name>
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      <item>
        <actionDate>2003-04-11</actionDate>
        <text>Introduced in House</text>
        <type>IntroReferral</type>
        <actionCode>1000</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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    </actions>
    <sponsors>
      <item>
        <bioguideId>C000962</bioguideId>
        <fullName>Rep. Cubin, Barbara [R-WY-At Large]</fullName>
        <firstName>BARBARA</firstName>
        <lastName>CUBIN</lastName>
        <party>R</party>
        <state>WY</state>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>M000477</bioguideId>
        <fullName>Rep. McInnis, Scott [R-CO-3]</fullName>
        <firstName>SCOTT</firstName>
        <lastName>MCINNIS</lastName>
        <party>R</party>
        <state>CO</state>
        <district>3</district>
        <sponsorshipDate>2003-04-11</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Capital gains tax</name>
        </item>
        <item>
          <name>Commerce</name>
        </item>
        <item>
          <name>Corporate reorganizations</name>
        </item>
        <item>
          <name>Corporation taxes</name>
        </item>
        <item>
          <name>Income tax</name>
        </item>
        <item>
          <name>Partnerships</name>
        </item>
        <item>
          <name>Small business</name>
        </item>
        <item>
          <name>Tax exclusion</name>
        </item>
        <item>
          <name>Tax returns</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2003-04-11</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2006-11-28T17:35:40Z</updateDate>
        <text><![CDATA[Amends the Internal Revenue Code to authorize a qualified S corporation to make a one-time corporate conversion under special tax treatment which shall: (1) in the case of a transfer to partnership form result in no shareholder gain or loss recognition on transferred money or property; and (2) treat other money or property transfers as payment for such corporation's stock.<p>Requires the partnership to maintain a five-year continuity of business in order to avoid a conversion recapture tax.]]></text>
      </summary>
    </summaries>
    <title>To amend the Internal Revenue Code of 1986 to provide an election for a special tax treatment of certain S corporation conversions.</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>To amend the Internal Revenue Code of 1986 to provide an election for a special tax treatment of certain S corporation conversions.</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to provide an election for a special tax treatment of certain S corporation conversions.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in House</type>
        <date>2003-04-11T04:00:00Z</date>
        <formats/>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2003-04-12</actionDate>
      <text>Sponsor introductory remarks on measure. (CR E768)</text>
    </latestAction>
  </bill>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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