To simplify certain provisions of the Internal Revenue Code of 1986 and to establish a uniform pass-thru regime.

3.0.0 22 2023-01-15T21:04:27Z 2023-01-15T21:04:27Z House H HR 2003-01-07 108 hswm00 Ways and Means Committee House Standing Referred to 2003-01-07T17:14:35Z 2003-01-07 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2003-01-07 Sponsor introductory remarks on measure. (CR E29-31) IntroReferral B00100 9 Library of Congress 2003-01-07 Introduced in House IntroReferral Intro-H 9 Library of Congress 2003-01-07 Introduced in House IntroReferral 1000 9 Library of Congress H000814 Rep. Houghton, Amo [R-NY-29] AMO HOUGHTON R NY 29 N U000031 Rep. Upton, Fred [R-MI-6] FRED UPTON R MI 6 2003-03-12 False H000444 Rep. Hefley, Joel [R-CO-5] JOEL HEFLEY R CO 5 2003-03-20 False D000600 Rep. Diaz-Balart, Mario [R-FL-25] Mario Diaz-Balart R FL 25 2003-03-27 False T000459 Rep. Terry, Lee [R-NE-2] LEE TERRY R NE 2 2003-06-12 False W000119 Rep. Wamp, Zach [R-TN-3] ZACH WAMP R TN 3 2003-06-26 False Taxation Accounting Adoption Adult day care Agriculture and Food Bankruptcy Capital Capital gains tax Child support Close corporations College costs Commerce Computer industry Computer software Corporate reorganizations Corporation taxes Cost of living adjustments Day care Depreciation and amortization Disabled Dividends Earned income tax credit Earnings Economics and Public Finance Education Employee stock options Entrepreneurs Families Farms Finance and Financial Sector Foreign Trade and International Finance Foreign exchange Foster home care Futures trading Gift tax Government Operations and Politics Government trust funds Heads of households Health Higher education Holding companies Housing and Community Development Income tax Indexing (Economic policy) Inheritance tax Interest Labor and Employment Licenses Local taxation Losses Marriage Married people Medicare Minimum tax Mortgages Old age, survivors and disability insurance Parents Partnerships Profit Retirement Science, Technology, Communications Self-employed Settlement costs Siblings Single-parent families Small business Social Welfare State taxation Stepfamilies Stockholders Stocks Student housing Students Tax administration Tax credits Tax deductions Tax exclusion Tax exemption Tax rates Tax returns Tax simplification Valuation Vocational and technical education Taxation

00 2003-01-07 Introduced in House 2006-11-28T17:35:40Z Revises provisions concerning small business taxation to: (1) eliminate the S corporation filing category and permit eligible corporations that are not publicly traded to be treated as a partnership; (2) increase expensing under section 179; (3) repeal provisions concerning collapsible corporations; (4) exclude from net earnings from self-employment partnership income attributable to capital; (5) repeal the ability to elect large partnership reporting rules; and (6) revise provisions concerning the exchange of property held for productive use, the definition of qualified corporate partners for purposes of the at risk rules, payments to retiring partners, foreign currency transactions, and a limited entrepreneur with respect to farming.]]>

To simplify certain provisions of the Internal Revenue Code of 1986 and to establish a uniform pass-thru regime. Display Title To simplify certain provisions of the Internal Revenue Code of 1986 and to establish a uniform pass-thru regime. Official Title as Introduced To simplify certain provisions of the Internal Revenue Code of 1986 and to establish a uniform pass-thru regime. Introduced in House IH Introduced in House 2003-01-07T05:00:00Z 2003-01-07 Referred to the House Committee on Ways and Means. text/xml EN 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. Congressional Research Service, Library of Congress 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.