[Congressional Record Volume 146, Number 54 (Thursday, May 4, 2000)]
[Extensions of Remarks]
[Page E646]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




     INTRODUCTION OF THE ``QUALIFIED PERSONAL SERVICE CORPORATIONS 
                      CLARIFICATION ACT OF 2000''

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                           HON. WALLY HERGER

                             of california

                    in the house of representatives

                         Thursday, May 4, 2000

  Mr. HERGER. Mr. Speaker, during consideration of the 1986 Tax Act, 
Congress made a decision that enabled certain Qualified Professional 
Service Corporations to retain use of the cash accounting method for 
tax purposes.
  I am introducing legislation today that is intended to ensure that 
companies currently eligible to use cash accounting are able to 
continue doing so. This is required due to state of the art changes in 
the type and delivery of those professional services required for 
developing and implementing the vital water, transportation, 
infrastructure, communications, and environmental projects upon which 
our citizens and our economy depend.

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