Housing Assistance Tax Act of 2008
Legislative Progress
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
62pct
16d open
vs 7,255 other HR bills in the 110th — cohort avg 47d
No CRS summary is available for this bill yet. The source title, actions, sponsors, and text versions below come from Congress.gov.
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Sources: Congress.gov
2009 · first_quarter · Taxation/Internal Revenue Code
Tax issues related to manufacturing, energy and financial instruments debated during the 110th session of congress on the following bills: - H.R. 5720, the "Housing Assistance Tax Act of 2008" - H.R. 5719, the "Taxpayer Assistance and Simplification Act of 2008" -H.R. 6049, the "Energy and Tax Extenders Act of 2008" - H.R. 1424, the "Emergency Economic Stabilization Act of 2008" - S.1587, the "Rise Act" - H.R. 2242, the "Heartland, Habitat, Harvest, and Horticulture Act of 2007" and Title XII of the H.R. 2419 the farm bill - H.R. 5351, "Renewable Energy and Energy Conservation Tax Act of 2008" - H.R. 3221,"Foreclosure Prevention Act of 2008." - S. 3125, "Energy Independence and Tax Relief Act of 2008" - S. 2886, "Alternative Minimum Tax and Extenders Tax Relief Act of 2008"
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2008 · fourth_quarter · Financial Institutions/Investments/Securities
Proposals on Estate and Gift Tax Reform; Proposal to require cost-basis reporting; Elimination of Soft Dollars; HR 3915 of the Mortgage Reform and Anti-Predatory Legacy Act of 2007 (all provisions); S2452, the Home Ownership Preservation and Protection Act of 2007 (all provisions); List continues on page 3. S.761, America Competes Act (Section 5007) HR 1171, Money Makert Fund Parity Act of 2007 (all provisions) HR 3225, Mutual Fund Sec Reform Act (all provisions) S. 1624, A bill to amend the Internal Revenue Code of 1986 to provide that the exception from treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services (all provisions) HR 2834, to amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services (all provisions) HR 2761, Terrorism Risk Insurance Revision and Extension Act of 2007 HR 5720, Housing Assistance Tax Act of 2008 (all provisions) Municipal Securities Markets Mutual Recognition Regulatory Restructuring (Securities and Commodities Issues) HR 5715, Ensuring Continued Access to Student Loans Act of 2008 (all provisions) HR 1424, the Emergency Economic Stabilization Act of 2008 (all procisions including Treasury asset-purchase proposal, business tax provisons, FDIC coverage, SEC Rules, accounting provisions, revenue offsets, GSE preferred stock tax accounting rules, proposed bankruptcy provisions) S. 2169 the Promoting Refinancing Opportunities for Mortgages Impacted by the Subprime Emergency Act of 2007 (all provisions) S. 2636 The Foreclosure Prevention Act of 2008 Proposals to address anticipated mortgage foreclosures Proposals to address anticipated mortgage foreclosures Proposals to address predatory lending practices int eh subprime mortgage market H.R. 6659 The Equal Treatment of Covered Bonds Act of 2008 S. 3268, The Commodity Markets Transparency and Accountability Act of 2008 HR 6604, The Commodity Markets Transparency and Accountability Act of 2008 HR 3691, A bill to Amend the Commodity Exchange Act to require reporting and record keeping for positions involving credit default swaps, to grow the Federal Reserve Board authority over investment-bank holding companies, and for other purposes.
2008 · first_quarter · Taxation/Internal Revenue Code
S. 940 - To amend the Internal Revenue Code of 1986 to permanently extend the Subpart F exemption for active financing purposes; S. 2666 - Affordable Housing Investment Act of 2008; HR 3359 - Mobile Workforce State Income Tax Fairness and Simplification Act of 2007; HR 3996 - Temporary Tax Relief Act of 2007; HR 3970 - Tax Reduction and Reform Act of 2007; HR 1509 - Permanent Sub-part F Exemption for Active Financing Income; HR 5720 - Housing Assistance Tax Act; HR 5719 - The Taxpayer Assistance and Simplification Act of 2008;
Client expense: Not reported · Firm income: $45,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2008 · third_quarter · Taxation/Internal Revenue Code
S. 601, the Simplification Through Additional Reporting Tax Act of 2007 S. 777, to repeal the imposition of withholding on certain payments made to vendors by government entities. S. 819, the Public Good IRA Rollover Act of 2007 - Amends the Internal Revenue Code to exclude from gross income distributions from individual retirement accounts for certain charitable purposes. S. 940, to amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income (all provisions) S. 1624, A bill to amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services. (all provisions) S. 1726, the Business Activity Tax Simplification Act (all provisions) S. 2394, the Good Government Contractor Act of 2007 (provision to repeal withholding requirement) S. 3063, the S Corporation Modernization Act S. 3254, the Small Bank Tax Equity Act S. 3335, the Jobs, Energy, Families, and Disaster Relief Act of 2008 (provisions to extend business-related tax provisions) H.R. 6, the Renewable Fuels, Consumer Protection, and Energy Efficiency Act of 2007 (S.Amdt. 1704, tax title provisions) H.R. 976, the Small Business Tax Relief Act of 2007 (all provisions) H.R. 1419, the Public Good IRA Rollover Act or 2007 - Amends the Internal Revenue Code to exclude from gross income distributions from individual retirement accounts for certain charitable purposes. H.R. 1424, the Emergency Economic Stabilization Act H.R. 1509, to amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income (all provisions) H.R. 1677, the Taxpayer Protection Act of 2007 (refund anticipation loan provisions) H.R. 1023, to repeal the impositions of withholding on certain payments made to vendors by government entities. H.R. 2370, to amend the Internal Revenue Code of 1986 to provide for the establishment of financial security accounts for the care of family members with disabilities. H.R. 2834, to amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services. H.R. 3056, the Tax Collection Responsibility Act of 2007 (all provisions) H.R. 3221, the American Housing Rescue and Foreclosure Prevention Act H.R. 3648, the Mortgage Forgiveness Debt Relief Act of 2007 (all provisions) H.R. 3678, the Internet Tax Freedom Act Amendments Act of 2007 (all provisions) H.R. 3970, the Tax Reduction and Reform Act of 2007 (revenue offset provisions, including economic substance doctrine, cost basis reporting, and deferred compensation taxation) H.R. 3996, the Tax Increase Prevention Act of 2007 (mortgage debt forgiveness, revenue offset tax provisions) H.R. 3997, the Emergency Economic Stabilization Act H.R. 4351, the AMT Relief Act of 2007 (revenue offsets provisions on the economic substance doctrine, deferred offshore compensation for hedge fund managers, and interest expense allocation rules for multinational firms) H.R. 4840, the S Corporation Modernization Act (all provisions) H.R. 5267, the Business Activity Tax Simplification Act of 2008 (all provisions) H.R. 5720, the Housing Assistance Tax Act of 2008 (all provisions, including bond authority, tax credits, cost-basis reporting requirements, and IRS withholding requirements) H.R. 6049, the Renewable Energy and Job Creation Act of 2008 (tax extension provisions, including research and development tax credit, Subpart F and Section 355 (controlled foreign corporation) rules, new markets tax credit; revenue offsets including effective date of new interest expense allocation, changes to deferred compensation rules for managers of offshore hedge funds) H.R. 6275, the Alternative Minimum Tax Relief Act of 2008 (revenue offset provisions) H.R. 6333, the Municipal Bonds Market Support Act (all provisions) H.R. 6601, the Small Business Tax Modernization Act of 2008 (all provisions) H.R. 7060, the Renewable Energy and Job Creation Tax Act of 2008 (business tax provisions, revenue offsets) Draft Legislation to require Cost-Basis Reporting for Securities Credit Card Information Reporting Codification of the Economic Substance Doctrine Proposals to apply unrelated business income tax (UBIT) to credit unions Proposals on Estate and Gift Tax Reform Proposed Middle Class Job Security Act (corporate tax rate, net operating loss carry-back provisions) Proposed amendment to Section 67(e) tax deductibility of trustee fees
2008 · fourth_quarter · Financial Institutions/Investments/Securities
H.R. 1424 (H.R. 3997) Emergency Economic Stabilization Act; HR 3221 Housing Package; HR 5720 Housing Assistance Tax Act; HR 5818, HR 3221 Neighborhood Stabilization; HR 5546 (S 3086) Interchange Fees; HR 5244 (S2753) Credit Cards; HR 5519 Regulatory Relief (Credit Unions)
Client expense: $33,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
| Democratic |
| OR |
| Earl Pomeroy | Democratic | ND |
| Gabrielle Giffords | Democratic | AZ |
| Henry C. "Hank" Johnson, Jr. | Democratic | GA |
| Jim McDermott | Democratic | WA |
| John Lewis | Democratic | GA |
| Joseph Crowley | Democratic | NY |
| Keith Ellison | Democratic | MN |
| Mike Thompson | Democratic | CA |
| Peter Welch | Democratic | VT |
| Rahm Emanuel | Democratic | IL |
| Shelley Berkley | Democratic | NV |
| Stephanie Jones | Democratic | OH |
| Tim Mahoney | Democratic | FL |
Client expense: $16,950 · Firm income: Not reported
Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
Client expense: $2,340,000 · Firm income: Not reported
Government targets: Defense, Dept of (DOD), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Justice, Dept of (DOJ), Labor, Dept of (DOL), Office of Management & Budget (OMB), SENATE, Social Security Administration (SSA), Treasury, Dept of, White House Office
2008 · third_quarter · Banking
Legislation: MMDA Sweep Account and legislation to repeal the prohibition on the payment of interest on deposits (H.R.41); Real estate brokerage and management (H.R.111, S.413); CTR reports for seasoned customers (H.R.323); College Student Relief Act of 2007 (H.R.5); Tax provisions of minimum wage bill (H.R.6,H.Res.261,H.Res.332,H.R.1591,H.R.2206,S.965); credit card fees and services legislation; Small Business Tax Relief Act (H.R.976); Credit Union Regulatory Improvement Act (H.R.1537,H.R.5519);.... Terrorism Risk Insurance Act extension (H.R.2761, H.R.4299, S.2285); CFIUS Reform (H.R.556); Community Development Investments (H.R.1066); Privacy (H.R.498, H.R.958, S.495, S.806, S.1178, S.1260); Executive Compensation (H.R.1257); PATRIOT Act (H.R.1314); SBA Disaster Loans (S.163, H.R.1361); GSE regulation (H.R.1427, S.1100); ILC holding company legislation (H.R.698, S.1356); Flood Insurance Reform (H.R.1682, H.R.3121, S.1890, H.R.3959); Catastrophe Savings Accounts (H.R.1787, S.927); Borrowers Protection Act (S.1299); Student Loan Legislation (S.486, S.511, S.1642, S.1762, H.R.890, H.R. 2669); SBA Reform (S.1256, H.R.1332); Treasury Department Appropriations (H.R.2829); Interstate Taxation (S.1726, H.R.5267); Sarbanes-Oxley Reform Legislation (H.R.1508); Regulatory Burden Relief (H.R.1869, H.R.6312, H.R.5841); FHA Reform (H.R.1852); The Farm Bill (H.R.2419, H.R.4193), FHA Reform bills (H.R.1852, S.2338); Mortgage Debt Tax Forgiveness (H.R.3648); AMT Reform (H.R.3996); "Do Not Call" List amendments (H.R.2601, H.R.3541); Bankruptcy Reform (H.R.3609, S.2136); Sub.Prime Loan Regulation (H.R.3915, S.2452); Unfair and Deceptive Acts or Practices Authority (H.R.3526); Identity Theft Legislation (S.2168); Appraisal and Escrow Legislation (H.R.3837); Rural Housing Bill (H.R.3873); Section 8 programs (H.R.3965); Dollar coin bill (H.R.3703); Tax Legislation (H.R.3970, H.R.3056, H.R.6275, H.R.6049, H.R.2886, H.R.5719, H.R.5720); SBA Lending (H.R.3866); Housing bills (H.R.2895); Overdraft Protection Bill (H.R.946); FHA Loan Size (H.R.1852); Lobbying Reform (S.1); Economic Stimulus (H.R.5140, S.2636, H.R.3221); Credit Card Practices (H.R.5244); Bankruptcy (S. 2636, H.R.3609, H.R.4044, S.2136); Foreclosure Legislation (H.R.3221, H.R.5830, H.R.5818, H.R.5579); Interchange Fee Controls (H.R.5546, S.3086); Student Loan Legislation (H.R. 5715, S. 2815); Internet Gambling Legislation (H.R.5767); Retirement Account Fee Disclosure (H.R.3185); Arbitration Clause Restrictions (H.R.3010; H.R.5312); Money Services Business Regulation (H.R.4049); Emergency Economic Stabilization Act (H.R.1424). Regulation: Community Reinvestment Act regulations; FDIC ILC Applications; OTS gift card guidance; Subprime Mortgage Lending; SEC and PCAOB Sarbanes-Oxley regulations and guidance; Regulatory Burden Relief Regulations; Payday Lending Regulations; Deposit Insurance Regulations; SBA Regulations; Federal Reserve Board's Regulation Z (Truth-in-Lending); Fed-SEC Regulation R; Garnishment of Exempt Funds regulation; FACT Act Regulations; FDIC Audit and reporting regulations; Capital Requirements (Basel II); IRS Trust Tax Regulations; Internet gambling regulations; Small bank examination rules; FTC Privacy Rules; OTS Unfair & Deceptive Rules; FinCen Rules on Foreign Banking Relationships; SEC Risk-based auditing standard; Money Laundering Regulations, FBI Subpoenas Addendum, Financial Institution Regulatory Restructuring, SEC Credit Rating Agency Reforms; Unfair and Deceptive Acts or Practices Regulations; Risk-Based Pricing Notices; Home Valuation Code of Conduct Appraisal Rules; Guidance on HELOC reductions; Best Practices for Residential Covered Bonds; FRB Reg. S (privacy); HUD RESPA Regulations; Money Market Fund Guaranties; Fannie Mae/Freddie Mac Conservatorship; SEC Short-Selling Rules; FASB Fair Value Accounting Regs; Auction-Rate Securities Rules; Timing of FASB/SEC Rules; FDIC Deposit Insurance Coverage Regulations. #17. (continued from previous page) Public Company Accounting Oversight Board Office of Federal Housing Enterprise Oversight
Client expense: $230,000 · Firm income: Not reported
Government targets: Defense, Dept of (DOD), Federal Bureau of Investigation (FBI), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2008 · second_quarter · Taxation/Internal Revenue Code
S. 822/H.R. 1385 - New Homes Tax Credit Extension-Extends certain EPact tax provisions set to expire in 2008. Extends the energy efficiency home tax credit - Energy Star and $2,000 tax credit for Modular homes. HR3648/S1394-Mortgage Debt Forgiveness-Debt considered income for tax purposes would not be considered as taxable income. H.R. 3996/2834/3970/S. 1624 - Carried Interest Legislation-Legislation would tax carried interest as ordinary income. H.R. 5720 - Housing Assistance Tax Act-Legislation offers an additional standard deduction for non-itemizers.
Client expense: $90,345 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Energy, Dept of, Environmental Protection Agency (EPA), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Intl Trade Administration (ITA), Occupational Safety & Health Administration (OSHA), SENATE, Transportation, Dept of (DOT), Treasury, Dept of
2008 · fourth_quarter · Housing
FY 2009 HUD Appropriations, H.R. 1851, FHA Modernization, H.R. 3221, Foreclosure Prevention Act; H.R. 1427, GSE Regulatory Reform; H.R. 5720 and S. 2666, Housing Assistance Tax Act; H.R. 3221, Housing and Economic Recovery Act
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE
2008 · fourth_quarter · Taxation/Internal Revenue Code
HR 5720, Housing Assistance Tax Act; HR 3221, Senate Housing Bill; HR 4881, Contracting and Tax Accountability Act; HR 2419/S 2302, Farm bill - Tax Title; HR 5719 - One-year delay 3%; HR 1023/S 777, Repeal of 3%; HR 2380, Death Tax Permanency; HR 5140 - Recovery Rebate; S Corp Modernization; Independent Contractor & Employee Clarification; HR 3970 - Repeal AMT & reform corporate income tax; Highway Trust Fund Solvency; HR 1424 - Emergency Economic Stabilization Act; Gas Tax Suspension; HR 6275 - The Alternative Minimum Tax Relief Act; HR 6049 - The Energy & Tax Extenders Act; S. 3125 - Energy Independendence and Tax Relief Act; S 2886 - The AMT & Extenders Tax Relief Act. HR 7060 - Renewable Energy & Job Creation Tax Act HR 7005 - Alternative Minimum Tax Relief Act HR 6899 - Comprehensive American Energy Security & Consumer Protection Act HR 3221 - Foreclosure Prevention Act S 3335 - Jobs, Energy, Family & Disaster Relief Act HR 3997/HR1424 - Emergency Economic Stabilization Act - to provide authority for the federal government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the US economy
Client expense: $120,000 · Firm income: Not reported
Government targets: Education, Dept of, Environmental Protection Agency (EPA), Federal Highway Administration (FHA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), SENATE, State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Agency for International Development (USAID), White House Office
2008 · fourth_quarter · Housing
Funding for affordable housing for low income families; appropriations for affordable housing programs and disaster relief for housing in the Gulf Coast, Foreclosure Prevention and Neighborhood Stabilization Legislation (HR1852, HR3221, HR5720, S2133, S2136, S2338, S2636), For Ops Approp.(HR 2764); Millenium Challenge Corporation supplemental appropriations and legislation on slums and secure tenure
Client expense: $50,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE
2008 · fourth_quarter · Taxation/Internal Revenue Code
IRC section 1221 (a)(4) and related regulations; IRC section 245 and dividends received deduction for foreign corporation stock; treatment of refund anticipation loans; HR.1677; S.1133; S.1219; HR 2419 (section 12001); HR 3970 (section 3204); extension of NOL carryback period; H.R. 5140; HR. 3221; HR. 5720. HR.6275 (section 203); treatment of loan modifications under Real Estate Mortgage Investment Conduit rules; tax reporting of loan forgiveness; economic stabilization provisions; HR.3997; HR.1424; IRC sections 871 and 881 (withholding tax treatment of interest paid to foreign persons).
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2008 · fourth_quarter · Taxation/Internal Revenue Code
Extension and expansion of alternative simplified research and development tax credit; HR. 2138; S.41; S.2209; HR. 6049; S. 3098; S.3125; credit for plug in electric drive motor vehicles; H.R.6; S.1617; S.6049; S.3098; S.3125; S.3335; HR.7060; HR.7202; HR.1424; tax incentives for manufacturing facilities producing electric drive motor vehicles and components; election for refund of AMT or R&D credits (S.3335; H.R.7060; H.R.7202; H.R.1424) in lieu of bonus depreciation; S. Amend. 4406. H.R. 3221(section 605); H.R. 5720; look-through treatment for controlled foreign corporations (H.R.6049; S.3098; S.3125; S.3335; H.R.7060; H.R.7202; H.R.1424); repayment of loans under Section 136 of P.L. 110-140 with alternative minimum tax or research and development tax credits; section 129 of H.R. 2638; arbitration provision in the Canada tax treaty; IRC section 382 tax treatment of net operating losses and other tax attributes (H.R.1424 and H.R.7321).
Client expense: Not reported · Firm income: $80,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2008 · fourth_quarter · Taxation/Internal Revenue Code
Proposals impacting the low-income housing credit. H.R. 1043, Community Restoration and Revitalization Act. Proposals relating to low income housing tax credit modernization. H.R. 3221, American Housing Rescue and Foreclosure Prevention Act, H.R. 5720, Housing Association Tax Act. H.R. 6049, Energy and Tax Extenders Act. H.R. 7006, Disaster Tax Relief. Proposals related to refundability of low-income housing tax credits in connection with economic stimulus legislation.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
HR 878/S 601 - Simplification through Additional Reporting Act; Education and college savings tax issues; Tax treatment of 529 college savings plans; HR 3970 - Tax Reduction and Reform Act HR 3996 - Tax Increase Prevention Act of 2007 HR 5140 - Recovery Rebates and Economic Stimulus for the American People Act of 2008 HR 3221 - New Direction for Energy Independence, National Security and Consumer Protection Act HR 1820/S 1556 - Tax Equity for Domestic Partner & Health Plan Beneficiaries Act S 2797 - Senior Protection Act of 2008 HR 5720 - Housing Assistance Tax Act HR 6081 - The Heroes Earnings Assistance and Relief Tax Act of 2008 HR 2776 - Renewable Energy and Energy Conservation Tax Act HR 6049 - Energy and Tax Extenders Act HR 7060 - Renewable Energy and Job Creation Act S 3125 - Energy Independence and Tax Relief Act S 3335 - Jobs, Energy, Families and Disaster Relief Act
Client expense: $280,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Education, Dept of, Federal Reserve System, Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Treasury, Dept of, White House Office
2008 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 878 Simplification Through Additional Reporting Tax Act of 2007; entire bill H.R. 1810 - To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies; entire bill H.R. 2419 Food and Energy Security Act of 2007; provisions relating to basis reporting H.R. 2796 Generate Retirement Ownership Through Long-Term Holding Act of 2007, entire bill H.R. 3221 - American Housing Rescue and Foreclosure Prevention Act of 2008; provisions relating to tax H.R. 3501 - To amend the Internal Revenue Code of 1986 relating to application of UBIT rules to U.S.-based investments; entire bill H.R. 3970 - Tax Reduction and Reform Act of 2007; provisions relating to individual and corporate rates and dividends received deduction H.R. 4912 - To amend the Internal Revenue Code of 1986 with respect to the treatment of prepaid derivative contracts; provisions relating to exchange traded notes H.R. 5267 - Business Activity Tax Simplification Act of 2008; entire bill H.R. 5719 - Taxpayer Assistance and Simplification Act of 2008; provisions relating to HSA compliance requirements H.R. 5720 - Housing Assistance Tax Act of 2008; provisions relating to individual tax benefits and basis reporting H.R. 6049 - The Energy and Tax Extenders Act of 2008; provisions relating to R&D, small business, and IRA charitable rollovers . H.R. 6110 - Roadmap for America's Future Act; entire bill H.R. 6288 Retiree Health Account Act; entire bill H.R. 7005 The Alternative Minimum Tax Relief Act of 2008; entire bill H.R. 7006 The Disaster Tax Relief Act of 2008; provisions relating to withdrawals from savings vehicles H.R. 7060 - Renewable Energy and Job Creation Tax Act of 2008; provisions relating to basis reporting, IRA charitable rollovers, small business, R&D H.R. 7202 To amend the Internal Revenue Code of 1986 to extend certain expiring provisions, to provide individual income tax relief, and for other purposes; entire bill S. 601 - Simplification Through Additional Reporting Tax Act of 2007; entire bill S. 636 Reduce Wasteful Tax Forms Act of 2007; entire bill S. 1593 - Defenders of Freedom Tax Relief Act; provisions relating to savings S. 1726 The Business Activity Tax Simplification Act; entire bill S. 2126 - Generating Retirement Ownership Through Long-Term Holding (GROWTH) Act of 2007; entire bill S. 2242 - Heartland, Habitat, Harvest, and Horticulture Act of 2007; tax title provision on basis reporting S. 3335 Jobs, Energy, Families and Disaster Relief Act of 2008; provisions relating to basis reporting, IRA charitable rollovers, small business, AMT, R&D, and withdrawals from savings vehicles for disaster relief S. 2886 - The Alternative Minimum Tax and Extenders Tax Relief Act; provisions relating to R&D, small business, and IRA charitable rollovers S. 2933 - Incentives for Older Workers Act; provisions relating to employer-based programs
Client expense: $160,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2008 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 1509, A bill to amend the Internal Revenue Code of 1986 to permanently extend the Sub-part F exemption for active financing income, All provisions H.R. 4195, Tax Technical Corrections Act of 2007, All provisions H.R. 5720, Housing Assistance Tax Act, All provisions H.R. 5719, The Taxpayer Assistance and Simplification Act of 2008, All provisions H.R. 6049, The Renewable Energy and Job Creation Act, Extender provisions H.R. 6110, Roadmap for Americas Future Act of 2008, Corporate and international provisions S. 940, To amend the Internal Revenue Code of 1986 to permanently extend the Subpart F exemption for active financing purposes, All provisions H.R. 3963, Childrens Health Insurance Program Reauthorization, All provisions H.R. 3996, Temporary Tax Relief Act of 2007, All provisions S. 2666, Affordable Housing Investment Act of 2008, All provisions H.R. 5140 [No Senate Number Available], Economic Stimulus Act of 2008, All provisions S. 3125, Energy Independence and Tax Relief Act, All provisions H.R. 1424, Emergency Economic Stabilization Act of 2008 - Tax Extenders and Alternative Minimum Tax Relief Act of 2008, All Provisions H.R. 3359, Mobile Workforce State Income Tax Fairness and Simplification Act of 2007, All provisions H.R. 6275, Alternative Minimum Tax Relief Act of 2008, All provisions H.R. 3221, Foreclosure Prevention Act of 2008, All provisions S. 3335, Jobs, Energy, Families, and Disaster Relief Act of 2008 , All provisions H.R. 7060, Renewable Energy and Job Creation Act of 2008, All provisions
Client expense: $1,710,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Executive Office of the President (EOP), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Natl Security Council (NSC), SENATE, State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR)
2008 · fourth_quarter · Taxation/Internal Revenue Code
S. 601, the Simplification Through Additional Reporting Tax Act of 2007 S. 777, to repeal the imposition of withholding on certain payments made to vendors by government entities. S. 819, the Public Good IRA Rollover Act of 2007 - Amends the Internal Revenue Code to exclude from gross income distributions from individual retirement accounts for certain charitable purposes. S. 940, to amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income (all provisions) S. 1624, A bill to amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services. (all provisions) S. 1726, the Business Activity Tax Simplification Act (all provisions) S. 2394, the Good Government Contractor Act of 2007 (provision to repeal withholding requirement) S. 3063, the S Corporation Modernization Act S. 3254, the Small Bank Tax Equity Act S. 3335, the Jobs, Energy, Families, and Disaster Relief Act of 2008 (provisions to extend business-related tax provisions) H.R. 6, the Renewable Fuels, Consumer Protection, and Energy Efficiency Act of 2007 (S.Amdt. 1704, tax title provisions) H.R. 976, the Small Business Tax Relief Act of 2007 (all provisions) H.R. 1419, the Public Good IRA Rollover Act or 2007 - Amends the Internal Revenue Code to exclude from gross income distributions from individual retirement accounts for certain charitable purposes. H.R. 1424, the Emergency Economic Stabilization Act H.R. 1509, to amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income (all provisions) H.R. 1677, the Taxpayer Protection Act of 2007 (refund anticipation loan provisions) H.R. 1023, to repeal the impositions of withholding on certain payments made to vendors by government entities. H.R. 2370, to amend the Internal Revenue Code of 1986 to provide for the establishment of financial security accounts for the care of family members with disabilities. H.R. 2834, to amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services. H.R. 3056, the Tax Collection Responsibility Act of 2007 (all provisions) H.R. 3221, the American Housing Rescue and Foreclosure Prevention Act H.R. 3648, the Mortgage Forgiveness Debt Relief Act of 2007 (all provisions) H.R. 3678, the Internet Tax Freedom Act Amendments Act of 2007 (all provisions) H.R. 3970, the Tax Reduction and Reform Act of 2007 (revenue offset provisions, including economic substance doctrine, cost basis reporting, and deferred compensation taxation) H.R. 3996, the Tax Increase Prevention Act of 2007 (mortgage debt forgiveness, revenue offset tax provisions) H.R. 3997, the Emergency Economic Stabilization Act H.R. 4351, the AMT Relief Act of 2007 (revenue offsets provisions on the economic substance doctrine, deferred offshore compensation for hedge fund managers, and interest expense allocation rules for multinational firms) H.R. 4840, the S Corporation Modernization Act (all provisions) H.R. 5267, the Business Activity Tax Simplification Act of 2008 (all provisions) H.R. 5720, the Housing Assistance Tax Act of 2008 (all provisions, including bond authority, tax credits, cost-basis reporting requirements, and IRS withholding requirements) H.R. 6049, the Renewable Energy and Job Creation Act of 2008 (tax extension provisions, including research and development tax credit, Subpart F and Section 355 (controlled foreign corporation) rules, new markets tax credit; revenue offsets including effective date of new interest expense allocation, changes to deferred compensation rules for managers of offshore hedge funds) H.R. 6275, the Alternative Minimum Tax Relief Act of 2008 (revenue offset provisions) H.R. 6333, the Municipal Bonds Market Support Act (all provisions) H.R. 6601, the Small Business Tax Modernization Act of 2008 (all provisions) H.R. 7060, the Renewable Energy and Job Creation Tax Act of 2008 (business tax provisions, revenue offsets) Draft Legislation to require Cost-Basis Reporting for Securities Credit Card Information Reporting Codification of the Economic Substance Doctrine Proposals to apply unrelated business income tax (UBIT) to credit unions Proposals on Estate and Gift Tax Reform Proposed Middle Class Job Security Act (corporate tax rate, net operating loss carry-back provisions) Proposed amendment to Section 67(e) tax deductibility of trustee fees Proposals to increase net operating loss carryback provisions Proposals to modify or eliminate Internal Revenue Service provisions (Notice 2008-83) affecting loss deductibility in bank mergers
Client expense: $1,930,000 · Firm income: Not reported
Government targets: Defense, Dept of (DOD), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Justice, Dept of (DOJ), Labor, Dept of (DOL), Office of Management & Budget (OMB), SENATE, Social Security Administration (SSA), Treasury, Dept of, White House Office
2008 · fourth_quarter · Taxation/Internal Revenue Code
S. 1508: Clean Energy Production Tax Incentives Act of 2007 S. 2539: Economic Stimulus Act of 2008 S. 2821: The Clean Energy Tax Stimulus Act of 2008 - Clean Renewable Energy Bond provisions. S. 3208: Carbon Reduction Technology Bridge Act of 2008 S. 3478: Energy Independence and Investment Act of 2008 H.R. 793: To amend Internal Revenue Code of 1986 to make permanent the renewable electricity production credit. - Entire bill. H.R. 825: To amend Internal Revenue Code of 1986 to extend and expand tax incentives for renewable fuels. - Entire bill. H.R. 1965: To amend the Internal Revenue Code of 1986 to modify the credit to holders of clean renewable energy bonds. H.R. 2776: Renewable Energy and Energy Conservation Tax Act of 2007. Provision relating to renewable production tax credits and clean renewable energy bonds. H.R. 5107: Giving Resources and Opportunities to the Workforce Act of 2008 H.R. 5351: Renewable Energy and Energy Conservation Act of 2008 - Clean Renewable Energy Bond provisions. H.R. 5720: The Housing Assistance Tax Act of 2008 - Clean Renewable Energy Bond provisions. H.R. 1424: Emergency Economic Stabilization Act of 2008 H.R. 3221: Housing and Economic Recovery Act of 2008 H.R. 6049: Renewable Energy and Job Creation Act of 2008 H.R. 6604: Commodity Markets Transparency and Accountability Act of 2008 H.R. 6756: Carbon Reduction Technology Bridge Act of 2008 H.R. 6899: Energy Tax Incentives Act of 2008 H.R. 7060: Renewable Energy and Job Creation Tax Act of 2008
Client expense: $2,095,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2008 · fourth_quarter · Housing
S2338 Federal Housing Administration Reform S2338 HR1842 issue related to subprime mortgage market HR391 bill to increase cap on FHA home equity conversion mortgages. Legislation to expand FHA to assist consumers unable to continue their mortgage payments HR5830 legislation to require servicers to engage in certain loss mitigation efforts no bill #S2636 Foreclosure Prevention Act HR3221 legislation aimed at helping foreclosures HR5720 HR5579 loan modification/services Safe Harbor HR3221 - mortgage rescue legislation
Client expense: $580,000 · Firm income: Not reported
Government targets: Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, SENATE
2008 · fourth_quarter · Taxation/Internal Revenue Code
HR.1147, REIT Investment Diversification and Empowerment Act of 2007 S.2002, REIT Investment Diversification and Empowerment Act of 2007 HR.5140, Recovery Rebates and Economic Stimulus for the American People Act of 2008 HR. 5720, Housing Assistance Tax Act of 2008 S. 2636, Foreclosure Prevention Act of 2008 HR 3221, American Housing Rescue and Foreclosure Prevention Act of 2008 HR 3396, Sales Tax Fairness and Simplification Act
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2008 · fourth_quarter · Taxation/Internal Revenue Code
HR.3221, Foreclosure Protection Act of 2008 HR.5720, Housing Assistance Tax Act of 2008 S. 2636, Foreclosure Prevention Act of 2008
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2008 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 5267 (Business Activity Tax Simplification Act of 2008); Valuation safe harbor under IRC section 475 mark-to-market requirements; Valuation of CDOs and related securities for purposes of section 475; Taxation of credit default swaps; taxation of national principal contracts; H.R. 3970 (Tax Reduction and Reform Act of 2007)/ H.R. 878 (Simplification Through Additional Reporting Tax Act)/ S. 601(Simplification Through Additional Reporting Tax Act)/ H.R. 5720 (Housing Assistance Tax Act)/ H.R. 3221(Housing and Economic Recovery Act)/ S. 3335 (Tax Relief Extension Act)/ H.R. 6049 (Energy and Tax Extenders Act)/ H.R. 7060 (Renewable Energy and Job Creation Tax Act)/ H.R. 7201 (Energy Improvement and Extension Act)/ H.R.1424 (Emergency Economic Stabilization Act): (adjusted basis reporting requirements for brokers and delay in filing deadline for 1099 statement); H.R. 1509 (To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income)/ H.R. 6049 (Energy and Tax Extenders Act)/ S. 3125 (Energy Independence and Tax Relief Act )/ S. 2886 (Alternative Minimum Tax and Extenders Tax Relief Act)/ S. 3335 (Tax Relief Extension Act)/ S. 940 (To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income)/ S. 3098 (Alternative Minimum Tax and Extenders Tax Relief Act)/ H.R. 7060 (Renewable Energy and Job Creation Tax Act)/ H.R. 7202 (Temporary Tax Relief Act)/ H.R. 1424 (Emergency Economic Stabilization Act): (active financing exception under Subpart F); Tax treatment of derivatives generally; Tax patent reporting; Foreign tax credit rules (including proposed "technical taxpayer" rule, noncompulsory payment rules); Allocation of income and deductions from global securities dealing operations; OECD project on attribution of profits to permanent establishments; Withholding tax consequences of self tenders and other distributions analyzed under IRC section 302; OECD Forum on Tax Administration's project on tax intermediaries and banks; OECD and EU projects on provision of treaty withholding tax relief when investment is made through collective investment vehicles or other intermediated structures; Arbitration provisions in OECD Model Tax Convention, U.S. bilateral tax treaties, U.S. Model Treaty; International reform generally, including importance of interest expense allocation rules; IRS Form W-8 and instructions; Currency gains and losses of qualified business units under IRC section 987; Cross-border equity swaps; H.R. 4912 (Tax treatment of prepaid derivatives contracts); OECD request for comments on transactional profit methods; IRS Section 265 (b) safe harbor concerning interest expense deductibility; Revenue Procedure 2008-28 (effect of loan modifications on tax status of REMICs and other securitization vehicles); Tax reporting with respect to widely-held fixed investment trusts (Treas. Reg. section 1.671-5); H.R. 6333 (Municipal Bond Market Support Act)/ S. 3518 (Municipal Bond Market Support Act):(municipal bond tax provisions); H.R. 1424 (Emergency Economic Stabilization Act)/ H.R. 6049 (Energy and Tax Extenders Act)/ S. 3125 (Energy Independence and Tax Relief Act)/ S. 3335 (Tax Relief Extension Act): (executive compensation tax provisions); H.R. 1424 (Emergency Economic Stabilization Act) (tax-related regulatory issues relating to EESA programs); Economic Stimulus legislation (carryback of net operating losses; tax-exempt bond provisions; REMICs, modifications of energy tax credits).
Client expense: $1,320,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Education, Dept of, Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Economic Council (NEC), Natl Security Council (NSC), Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
2008 · fourth_quarter · Financial Institutions/Investments/Securities
S. 1677 (Currency Reform and Financial Markets Access Act) (International Economic Coordination/Market Access); Fee Based Brokerage Accounts; Soft Dollars; Client Commission Arrangements; 12B-1 Fees; Global Capital Markets Competitiveness; Hedge Funds, private pools of capital, asset management issues; S. 1782 (Arbitration Fairness Act); H.R. 3010 (Arbitration Fairness Act); H.R. 3225 (Mutual Fund Fee Reform Act); Sovereign Wealth Funds; Auction Rate Securities Market; Rule 15a-6 (Facilitating foreign broker dealer cross-border access to US sophisticated investors); H.R. 6333 (The Municipal Bond Market Support Act); S. 3518 (The Municipal Bond Market Support Act); H.R. 6308 (Municipal Bond Fairness Act); Credit Ratings for Structured Finance Products; SEC Nominations; Cross border securities activities; Section 13(d) ownership of equity swaps; Regulatory restructuring/discount window access; H.R. 5720 (Housing Assistance Tax Act) (Foreclosure Prevention); H.R. 3221 (Foreclosure Prevention Act of 2008); S. 2636 (Foreclosure Prevention Act of 2008); Treasury Blueprint/Regulatory Restructuring; H.R. 1424 (Emergency Economic Stabilization Act); H.R. 6482 (To direct the Securities and Exchange Commission to establish both a process by which asset-backed instruments can be deemed eligible for NRSRO ratings and an initial list of such eligible asset-backed instruments); Financial Services Regulatory Restructuring; S. 3714 (Derivatives Trading Integrity Act of 2008); Regulation of Credit Default Swaps; G-20 Summit (discussion paper submitted outlining SIFMA's broad principles for Global Modernization of Financial Supervision and Regulation).
Client expense: $1,320,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Education, Dept of, Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Economic Council (NEC), Natl Security Council (NSC), Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
2008 · fourth_quarter · Banking
Legislation: MMDA Sweep Account and legislation to repeal the prohibition on the payment of interest on deposits (H.R.41); Real estate brokerage and management (H.R.111, S.413); CTR reports for seasoned customers (H.R.323); College Student Relief Act of 2007 (H.R.5); Tax provisions of minimum wage bill (H.R.6,H.Res.261,H.Res.332,H.R.1591,H.R.2206,S.965); credit card fees and services legislation; Small Business Tax Relief Act (H.R.976); Credit Union Regulatory Improvement Act (H.R.1537,H.R.5519);.... Terrorism Risk Insurance Act extension (H.R.2761, H.R.4299, S.2285); CFIUS Reform (H.R.556); Community Development Investments (H.R.1066); Privacy (H.R.498, H.R.958, S.495, S.806, S.1178, S.1260); Executive Compensation (H.R.1257); PATRIOT Act (H.R.1314); SBA Disaster Loans (S.163, H.R.1361); GSE regulation (H.R.1427, S.1100); ILC holding company legislation (H.R.698, S.1356); Flood Insurance Reform (H.R.1682, H.R.3121, S.1890, H.R.3959); Catastrophe Savings Accounts (H.R.1787, S.927); Borrowers Protection Act (S.1299); Student Loan Legislation (S.486, S.511, S.1642, S.1762, H.R.890, H.R. 2669); SBA Reform (S.1256, H.R.1332); Treasury Department Appropriations (H.R.2829); Interstate Taxation (S.1726, H.R.5267); Sarbanes-Oxley Reform Legislation (H.R.1508); Regulatory Burden Relief (H.R.1869, H.R.6312, H.R.5841); FHA Reform (H.R.1852); The Farm Bill (H.R.2419, H.R.4193), FHA Reform bills (H.R.1852, S.2338); Mortgage Debt Tax Forgiveness (H.R.3648); AMT Reform (H.R.3996); "Do Not Call" List amendments (H.R.2601, H.R.3541); Bankruptcy Reform (H.R.3609, S.2136); Sub.Prime Loan Regulation (H.R.3915, S.2452); Unfair and Deceptive Acts or Practices Authority (H.R.3526); Identity Theft Legislation (S.2168); Appraisal and Escrow Legislation (H.R.3837); Rural Housing Bill (H.R.3873); Section 8 programs (H.R.3965); Dollar coin bill (H.R.3703); Tax Legislation (H.R.3970, H.R.3056, H.R.6275, H.R.6049, H.R.2886, H.R.5719, H.R.5720); SBA Lending (H.R.3866); Housing bills (H.R.2895); Overdraft Protection Bill (H.R.946); FHA Loan Size (H.R.1852); Lobbying Reform (S.1); Economic Stimulus (H.R.5140, S.2636, H.R.3221); Credit Card Practices (H.R.5244); Bankruptcy (S. 2636, H.R.3609, H.R.4044, S.2136); Foreclosure Legislation (H.R.3221, H.R.5830, H.R.5818, H.R.5579); Interchange Fee Controls (H.R.5546, S.3086); Student Loan Legislation (H.R. 5715, S. 2815); Internet Gambling Legislation (H.R.5767); Retirement Account Fee Disclosure (H.R.3185); Arbitration Clause Restrictions (H.R.3010; H.R.5312); Money Services Business Regulation (H.R.4049); Emergency Economic Stabilization Act (H.R.1424); Military Bankruptcy (S.3197); Pension Fund Reform (H.R.7327). Regulation: Community Reinvestment Act regulations; Subprime Mortgage Lending; SEC and PCAOB Sarbanes-Oxley regulations and guidance; Regulatory Burden Relief Regulations; Deposit Insurance Regulations; SBA Regulations; Federal Reserve Board's Regulation Z (Truth-in-Lending); Fed-SEC Regulation R; Garnishment of Exempt Funds regulation; FACT Act Regulations; FDIC Audit and reporting regulations; Capital Requirements (Basel II); IRS Trust Tax Regulations; Internet gambling regulations; Small bank examination rules; FinCen Rules on Foreign Banking Relationships; SEC Risk-based auditing standard; Money Laundering Regulations, Financial Institution Regulatory Restructuring; SEC Credit Rating Agency Reforms; Unfair and Deceptive Acts or Practices Regulations; Risk-Based Pricing Notices; Home Valuation Code of Conduct Appraisal Rules; Guidance on HELOC reductions; Best Practices for Residential Covered Bonds; FRB Reg. S (privacy); HUD RESPA Regulations; Money Market Fund Guaranties; Fannie Mae/Freddie Mac Conservatorship; SEC Short-Selling Rules; FASB Fair Value Accounting Regs; Auction-Rate Securities Rules; Timing of FASB/SEC Rules; FDIC Deposit Insurance Coverage Regulations; Truth-in-Savings Regulations; Risk Weighting of capital standards; Interest on Reserve Requirements; FDIC Restoration Plan; Deposit and Debt Guarantee Program; Guaranty Program for Troubled Assets; Capital Purchase Program; Hope for Homeowners Program; Overdraft Regulations; Currency Transaction Report Exemptions. #17. (continued from previous page) Public Company Accounting Oversight Board
Client expense: $160,000 · Firm income: Not reported
Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2008 · fourth_quarter · Banking
GSE reform legislation, H.R. 1427, H.R. 3221, S. 1100; FHFB director regulations; Affordable housing program grant assistance; FHL Bank Merger Discussions; Economic Stimulous Package; S. 1963 and H.R. 2091 to amend the Internal Revenue Code of 1986 to allow bonds guaranteed by the federal home loan banks to be treated as tax exempt bonds; H.R. 5720, Housing Assistance Tax Act of 2008.
Client expense: Not reported · Firm income: $60,000
Government targets: Executive Office of the President (EOP), Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE
2008 · fourth_quarter · Insurance
Affordable Housing Investment Act of 2008, S. 2666 (Low Income Tax Recapture Bonds) America's Climate Change Security Act of 2007, S. 2191 Arbitration Fairness Act of 2007, H.R. 3010; S. 1782 Asbestos Related Legislation Bankruptcy Transparency Issues Coastal Wind Zone Proposal Commission on Natural Catastrophe Risk Management and Insurance Act of 2007, S. 2286 Community Building Code Administration Grant Act of 2007, H.R. 4461 Emergency Economic Stabilization Act of 2008, H.R. 1424 Homeowners Defense Act of 2007, H.R. 3355 Homeowners Insurance Protection Act of 2007, H.R. 91; S. 928 House Assistance Tax Act of 2008, H.R. 5720 (Low Income Tax Recapture Bonds) False Claims Act Correction Act of 2007, S. 2041 Flood Insurance Reform and Modernization Act of 2007, H.R. 3121; S. 2284 Insurance Industry Competition Act of 2007 (McCarran Ferguson Act), H.R. 1081; S. 618 Insurance Information Act of 2008, H.R. 5840 Medicare Secondary Payer and Workers' Compensation Settlement Agreements Act of 2007, H.R. 2549 Multiple Peril Insurance Act of 2007 (Taylor Wind Bill), H.R. 920 National Association of Registered Agents and Brokers Reform Act of 2008, H.R. 5611 National Insurance Act of 2007 (Optional Federal Charter), H.R. 3200; S. 40 Nondiscriminatory Use of Consumer Reports and Consumer Information Act of 2008, H.R. 5633 Patent Reform Act of 2007, S.1145; H.R. 1908 Personal Lines of Insurance Fairness Act of 2008 (Credit Scoring), H.R. 6062 Related Party Reinsurance (Domestic Tax Issue) Sunshine in Litigation Act of 2007, S. 2449 The Nonadmitted and Reinsurance Reform Act of 2007 (Surplus Lines Reform), S. 929 Terrorism Risk Insurance Program Reauthorization Act of 2007, H.R. 2761 Continue to monitor legislation passed December, 2007
Client expense: $1,430,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office
2008 · fourth_quarter · Banking
Data security and other legislation affecting banks and broker-dealers, including H.R.836, H.R.958. H.R.1685, S.1260, S.1178, S.239 and S.495. Housing and mortgage legislation, including H.R. 5830, H.R. 5679, H.R. 5579, H.R. 3915, S. 2136, H.R. 3221, H.R. 5720.
Client expense: Not reported · Firm income: $190,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2008 · fourth_quarter · Taxation/Internal Revenue Code
Federal tax issues before Congress and the Administration affecting investment banking and securities, during the 110th session of Congress on the following bills: - H.R. 1424, the "Emergency Economic Stabilization Act of 2008" - H.R. 5720, the "Housing Assistance Tax Act of 2008" - H.R. 3221 the "American Housing Rescue and Foreclosure Prevention Act of 2008" - H.R. 3221, the "Housing and Economic Recovery Act of 2008" H.R. 6049, the "Energy and Tax Extenders Act" S.2886, the "Alternative Minimum Tax and Extenders Tax Relief Act of 2008" S.3125, the "Energy Independence and Tax Relief Act of 2008" H.R. 2242, the "Heartland, Habitat, Harvest, and Horticulture Act of 2007" H.R. 5351, "Renewable Energy and Energy Conservation Tax Act of 2008" H.R. 7060, the "Renewable Energy and Job Creation Act of 2008"
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2008 · fourth_quarter · Taxation/Internal Revenue Code
Tax issues related to manufacturing, energy and financial instruments debated during the 110th session of congress on the following bills: - H.R. 5720, the "Housing Assistance Tax Act of 2008" - H.R. 5719, the "Taxpayer Assistance and Simplification Act of 2008" -H.R. 6049, the "Energy and Tax Extenders Act of 2008" - H.R. 1424, the "Emergency Economic Stabilization Act of 2008" - S.1587, the "Rise Act" - H.R. 2242, the "Heartland, Habitat, Harvest, and Horticulture Act of 2007" and Title XII of the H.R. 2419 the farm bill - H.R. 5351, "Renewable Energy and Energy Conservation Tax Act of 2008" - H.R. 3221,"Foreclosure Prevention Act of 2008." - S. 3125, "Energy Independence and Tax Relief Act of 2008" - S. 2886, "Alternative Minimum Tax and Extenders Tax Relief Act of 2008"
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2008 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 5720, S. 2666, provision relating to issuance of revenue bonds for single room occupancy (SRO) housing units
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2008 · fourth_quarter · Housing
H.R. 5720, S. 2666, provision relating to issuance of revenue bonds for single room occupancy (SRO) housing units
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2008 · fourth_quarter · Taxation/Internal Revenue Code
HR 2380, Death Tax Repeal Permanency Act of 2007 HR 2, Fair Minimum Wage Act of 2007 (S corp. and small business tax relief provisions) HR 976, Small Business Tax Relief Act of 2007 HR 4840/S.3063, S Corporation Modernization Act of 2007 HR 1869, Community Banks Serving Their Communities First Act S 1405, Community Banks Serving Their Communities First Act HR 3648, Mortgage Forgiveness Debt Relief Act (mortgage debt tax reform) HR 5720, Housing Assistance Tax Act of 2008 S 1988, First-Time Homebuyers' Tax Credit Act of 2007 HR 5140, Recovery Rebates and Economic Stimulus for the American People Act of 2008 (small business provisions) S 2566, Homebuyer Tax Credit HR 6275 Alternative Minimum Tax Relief Act HR 6049 Renewable Energy and Job Creation Act (small business provisions) S 2886 AMT and Extenders Tax Relief Act HR 3874 Small Business Growth and Opportunity Act First time home buyer tax credit S 3254, Bank Limited Liability Act of 2008 Tax treatment of losses on Fannie Mae/Freddie Mac preferred stock HR 1424 Emergency Economic Stabilization Act of 2008 HR 6333 Municipal Bond Support Act
Client expense: $1,230,000 · Firm income: Not reported
Government targets: Export-Import Bank of the United States (EXIM Bank), Farm Credit Administration, Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), President of the U.S., SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, White House Office
2008 · fourth_quarter · Financial Institutions/Investments/Securities
Proposals on Estate and Gift Tax Reform; Proposal to require cost-basis reporting; Elimination of Soft Dollars; HR 3915 the Mortgage Reform and Anti-Predatory Legacy Act of 2007 (all provisions); S2452, the Home Ownership Preservation and Protection Act of 2007(all provisions); List continues on Page 3. S.761, America Competes Act (Section 5007) H.R. 1171, Money Market Fund Parity Act of 2007 (all provisions) H.R. 3225, Mutual Fund Sec Reform Act (all provisions) S.1624, A bill to amend the Internal Revenue Code of 1986 to provide that the exception from treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services (all provisions) H.R. 2834, To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services (all provisions) H.R. 2761, Terrorism Risk Insurance Revision and Extension Act of 2007 H.R. 5720, Housing Assistance Tax Act of 2008 (all provisions) Municipal Securities Markets Mutual Recognition Regulatory Restructuring (Securities and Commodities Issues) H.R. 5715, Ensuring Continued Access to Student Loans Act of 2008 (all provisions) H.R. 1424, the Emergency Economic Stabilization Act of 2008 (all provisions including Treasury asset-purchase proposal, business tax provisions, FDIC coverage, SEC Rules, accounting provisions, revenue offsets, GSE preferred stock tax accounting rules, proposed bankruptcy provisions) H.R. 3997, the Emergency Economic Stabilization Act of 2008 (all provisions including Treasury asset-purchase proposal, business tax provisions, FDIC coverage, SEC Rules, accounting provisions, revenue offsets, GSE preferred stock tax accounting rules, proposed bankruptcy provisions) S. 2169 the Promoting Refinancing Opportunities for Mortgages Impacted by the Subprime Emergency Act of 2007 (all provisions) S. 2636 The Foreclosure Prevention Act of 2008 Proposals to address anticipated mortgage foreclosures Proposals to address predatory lending practices in the subprime mortgage market H.R. 6659 The Equal Treatment of Covered Bonds Act of 2008 S. 3268, The Commodity Markets Transparency and Accountability Act of 2008 H.R. 6604. the Commodity Markets Transparency and Accountability Act of 2008 H.R. 3691 A bill to Amend the Commodity Exchange Act to require reporting and record keeping for positions involving credit default swaps, to grow the Federal Reserve Board authority over investment-bank holding companies, and for other purposes.
Client expense: $16,950 · Firm income: Not reported
Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2008 · fourth_quarter · Taxation/Internal Revenue Code
Low-Income Housing Tax Credit (LIHTC) Legislation; H.R. 1427: Federal Housing Finance Reform Act of 2007; H.R. 5140: House Stimulus Package; Economic Stimulus Act of 2008; Affordable Housing Investment Act; S. 2044 Employee Proper Classification Act of 2008; H.R. 5720/S. 2666; HR. 3221: American Housing Rescue and Foreclosure Prevention Act of 2008; H.R. 5984: Clean Energy Tax Stimulus Act of 2008; H.R. 6049: Renewable Energy and Job Creation Act of 2008; Green Building Tax Credits; H.R. 1424 Economic Stabilization Act of 2008
Client expense: $740,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Army, Dept of (Corps of Engineers), Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Education, Dept of, Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Justice, Dept of (DOJ), Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
2008 · fourth_quarter · Taxation/Internal Revenue Code
Carried Interest Taxation - H.R. 2834, H.R. 3996 Extend Energy Efficiency Incentives Act - H.R. 1385 - S. 822 15 Year Leasehold Improvement Act - S. 1361, H.R. 2014 Environmental Clean-up Cost Expensing - H.R. 1753 REMIC Regulations Housing Stimulus Legislation - H.R. 5720 Renewable Energy Tax Act - H.R. 5351 Real Estate Investor Diversification and Empowerment Act Alternative Minimum Tax Relief - H.R. 6275
Client expense: $700,000 · Firm income: Not reported
Government targets: Army, Dept of (Corps of Engineers), Commerce, Dept of (DOC), Energy, Dept of, Environmental Protection Agency (EPA), Federal Communications Commission (FCC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Interior, Dept of (DOI), Justice, Dept of (DOJ), Labor, Dept of (DOL), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office
2008 · fourth_quarter · Taxation/Internal Revenue Code
Permanent extension and expansion of research credit; energy & energy efficiency tax benefits, tax on settlement payments; domestic partner tax equity, international taxation; superfund taxes; tax accounting; aviation taxes; manufacturing deduction, economic substance doctrine; environmental tax benefits S 41, Research Competitiveness Act S 1179/HR 1887, Superfund Equity and Megasite Remediation Act S 1273, Look-through tax treatment S 681/HR 2136, Stop Tax Haven Abuse Act (settlement payments) S 1556/HR 1820, Tax Equity for Domestic Partner and Health Plan Beneficiaries Act HR 2138, Invest in America Act (R&D credit) HR 3056, Tax Collection Responsibility Act HR 5719, Taxpayer Assistance and Simplification Act HR 5720, Housing Assistance Tax Act S 2209, R&D credit HR 6049, extenders HR 6899, Comprehensive American Energy Security and Consumer Protection Act HR 7006, Disaster Tax Relief Act HR 6049, Energy Improvement and Extension Act HR 1424, Emergency Economic Stabilization Act S 3098, Expiring tax provisions HR 7060, Renewable Energy and Job Creation Act
Client expense: $1,370,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Environmental Protection Agency (EPA), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Office of Management & Budget (OMB), SENATE, State, Dept of (DOS), Surface Transportation Board (STB), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
2008 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 1677 - Taxpayer Protection Act of 2007 - Amends Internal Revenue Code provisions relating to tax administration and taxpayer protections including an alternative procedure for furnishing a non-foreign affidavit in connection with the sale of a U.S. real property interest. H.R. 1424 - the "Emergency Economic and Stabalization Act of 2008" included a $700 billion rescue plan to restart the flow of capital in the marketplace, included real estate tax extenders of brownfield deduction, the 15-year leasehold improvement, deduction of state and local taxes, and a 1-year patch of the AMT. H.R. 1813 - Amends the Internal Revenue Code to make permanent the tax deduction for mortgage insurance premiums. H.R. 1850 - Housing America's Workforce Act - Amends the Internal Revenue Code to allow employers a business tax credit for up to 50 percent of the qualified housing expenses paid for the benefit of their employees. Defines "qualified housing expenses" to include homeownership assistance and rental assistance. Limits the amount of such credit to the lesser of $10,000 or six percent of an employee's home purchase price, or up to $2,000 for rental assistance. Excludes from employee gross income the value of employer-paid housing assistance. H.R. 2014 - Leasehold Improvement Depreciation Act of 2007 - Amends the Internal Revenue Code to: (1) make permanent the accelerated depreciation of qualified leasehold improvement property (i.e., a 15-year recovery period); and (2) modify the rule for determining the adjustment to earnings and profits for depreciation of such property. H.R. 2834 - Amends the Internal Revenue Code to treat as ordinary income income received by a partner from an investment services partnership interest; also known as carried interest. H.R. 5565 - Amends the Internal Revenue Code to allow purchasers of a single-family principal residence a one-time tax credit for up to $15,000 of the purchase price. Requires such a residence to be purchased after February 29, 2008, and before March 1, 2009, and that it be: (1) a new previously unoccupied residence for which a building permit has been issued and construction began on or before September 1, 2007; (2) an owner-occupied residence with a mortgage indebtedness in default on or before March 1, 2008; or (3) in foreclosure and owned by the mortgagor or the mortgagor's agent. H.R. 5720 - Housing Assistance Tax Act of 2008 - Amends the Internal Revenue Code relating to the low-income housing tax credit, tax-exempt housing bonds, real estate investment trusts (REITs) and to provide assistance to first-time home buyers and home owners. Allows first-time home buyers a refundable tax credit for 10% of the purchase price of a principal residence, up to $7,500; and (2) individual taxpayers who claim the standard deduction an additional deduction from gross income for state and local real property taxes. Modifies rules relating to REITs to: (1) treat passive foreign exchange gains attributable to overseas real estate investment as qualifying REIT income; (2) increase from 20 to 25% the the maximum value of an REIT's total assets that may be represented by securities of one or more taxable REIT subsidiaries; (3) revise safe harbor rules for the excise tax penalty on certain REIT sales activities; and (4) treat rental payments made by a health care facility to an REIT as qualifying REIT income. H.R. 6049 - Renewable Energy and Job Creation Act of 2008 -Amends the Internal Revenue Code to provide tax incentives for energy production and conservation, to extend expiring tax provisions, and to extend tax benefits to individual and business taxpayers. This includes: the deduction of state and local taxes, use of mortgage bonds to refinance residences for veterans, 15-year leasehold improvement deduction, brownfield deduction, and includes a new standard property tax deduction of $350 ($700 for married individuals filing a joint tax return). H.R. 6275 - Alternative Minimum Tax Relief Act of 2008 - Amends the Internal Revenue Code to: (1) increase and extend through 2008 the alternative minimum tax (AMT) exemption amounts; (2) extend through 2008 the offset of certain nonrefundable personal tax credits against regular and AMT tax liabilities; (3) treat net income and loss from an investment services partnership interest as ordinary income and loss. S. 1078 - Housing America's Workforce Act - Amends the Internal Revenue Code to allow employers a business tax credit for up to 50 percent of the qualified housing expenses paid for the benefit of their employees. Defines "qualified housing expenses" to include homeownership assistance and rental assistance. Limits the amount of such credit to the lesser of $10,000 or six percent of an employee's home purchase price, or up to $2,000 for rental assistance. Excludes from employee gross income the value of employer-paid housing assistance. S. 1361 - Leasehold Improvement Depreciation Act of 2007 - Amends the Internal Revenue Code to: (1) make permanent the accelerated depreciation of qualified leasehold improvement property (i.e., a 15-year recovery period); and (2) modify the rule for determining the adjustment to earnings and profits for depreciation of such property. S. 1416 - Amends the Internal Revenue Code to make permanent the tax deduction for mortgage insurance premiums. S. 1624 - Amends the Internal Revenue Code to treat as corporations for income tax purposes certain publicly traded partnerships which directly or indirectly derive income or gain from providing services as an investment adviser (as defined by the Investment Advisers Act of 1940) or asset management services. S. 2566 - Amends the Internal Revenue Code to allow purchasers of a single-family principal residence a one-time tax credit for up to $15,000 of the purchase price. Requires such a residence to be purchased after February 29, 2008, and before March 1, 2009, and that it be: (1) a new previously unoccupied residence for which a building permit has been issued and construction began on or before September 1, 2007; (2) an owner-occupied residence with a mortgage indebtedness in default on or before March 1, 2008; or (3) in foreclosure and owned by the mortgagor or the mortgagor's agent. C.A.R. sent a comment letter to the California Congressional delegates concerning the need for an economic stimulus package that included: An extension of the GSE and FHA loan limits at their current 2008 levels, removing the payback requirement for the $7,500 first-time homebuyer tax credit and allowing buyers to utilize these funds at the time of home purchase at no additional cost, preserving the ability for creditworthy homebuyers to receive seller-funded downpayment assistance, and preventing unscrupulous foreclosure consultants from preying upon uninformed and vulnerable homeowners. Additionally, lenders participating in the Troubled Assets Relief Program (TARP) should be required to extend credit down to Main Street (making credit more available to consumers and small businesses), expedite the process for short sales, and expedite the resolution of banks real estate owned (REO) properties.
Client expense: $30,000 · Firm income: Not reported
Government targets: Federal Communications Commission (FCC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), SENATE, Treasury, Dept of
2008 · fourth_quarter · Housing
H.R. 5720, Housing Assistance Tax Act of 2008
Client expense: $24,030,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Defense, Dept of (DOD), Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Federal Communications Commission (FCC), Federal Motor Carrier Safety Administration, Federal Reserve System, Federal Trade Commission (FTC), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Natl Security Council (NSC), Office of Management & Budget (OMB), Postal Regulatory Commission, SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
2008 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 5351, Renewable Energy and Energy Conservation Tax Act of 2008, provisions on oil and gas tax credits H.R. 1023, Withholding Tax Relief Act of 2007, provisions on 3% Tax Withholding Law H.R. 5719, Taxpayer Assistance and Simplification Act of 2008, provisions on Withholding Delay, Prohibition on Private Debt Collection H.R. 3996, Temporary Tax Relief Act of 2007, including provisions related to bonus depreciation and increased expensing. H. R. 4172, To amend the Internal Revenue Code of 1986 and the Economic Growth and Tax Relief Reconciliation Act of 2001 to restore the estate tax and repeal the carryover basis rule and to increase the estate tax unified credit to an exclusion equivalent of $3,500,000. H. R. 4235, Estate Tax Reduction Act of 2007 H. R. 3475, To amend the Internal Revenue Code of 1986 to increase the estate and gift tax unified credit to an exclusion equivalent of $5,000,000, to adjust such amount for inflation, to repeal the 1-year termination of the estate tax, and for other purposes. H.R.2380, To make the repeal of the estate tax permanent. H. R. 4242, Certain and Immediate Estate Tax Relief Act of 2007 H.R.3170, Capital Gains and Estate Tax Relief Act of 2007 S.1726, Business Activity Tax Simplification Act of 2007. H.R. 5267, Business Activity Tax Simplification Act of 2008. S.AMDT.4160 to S.CON.RES.70 To provide tax relief to middle-class families and small businesses, property tax relief to homeowners. S.AMDT.4170 to S.CON.RES.70 To protect families, family farms and small businesses by extending the income tax rate structure, raising the death tax exemption to $5 million and reducing the maximum death tax rate to no more than 35%; to keep education affordable by extending the college tuition deduction; and to protect senior citizens from higher taxes on their retirement income, maintain U.S. financial market competitiveness, and promote economic growth by extending the lower tax rates on dividends and capital gains. S.AMDT.4191 and S.AMDT.4372 to S.CON.RES.70 To protect small businesses, family ranches and farms from the Death Tax by providing a $5 million exemption, a low rate for smaller estates and a maximum rate no higher than 35%. S.AMDT.4348 to S.CON.RES.70 including the portion on extending expiring tax provisions such as the R&D Tax Credit. S. 2209, Research Credit Improvement Act of 2007 H.R. 1712, Research and Development Tax Credit Act of 2007 S. 41, Research Competitiveness Act of 2007 S. 2318, AMT Repeal and Tax Freedom Act S. 2293, Individual Alternative Minimum Tax Repeal Act of 2007 H.R. 4351, AMT Relief Act of 2007 S. 2199/H.R. 3923, Offshore Deferred Compensation Reform Act of 2007 H.R. 5140, Economic Stimulus Act of 2008, provisions on bonus depreciation, increased expensing and taxes H.R. 5109/S.2592, Economic Growth Act of 2008 H.R. 5720, Housing Assistance Tax Act of 2008 S. 2821, Clean Energy Tax Stimulus Act of 2008 H.R. 6049, Energy and Tax Extender Act of 2008 H.R. 6275, Alternative Minimum Tax Relief Act of 2008 S. 3125, Energy Independence and Tax Relief Act of 2008 S. 3044, Consumer-First Energy Act of 2008 The following issues did not have any specific legislation introduced: Issues related to the Research and Development Tax Credit Corporate repatriation of income earned abroad Temporary Waiver of the Income Tax Related to the Cancellation of Indebtedness Issues related to the Alternative Minimum Tax Legislation related to Estate/ Death Tax Issues Legislation to stimulate economic activity and spur job growth Economic Stimulus Legislation Possible legislation regarding a second economic stimulus bill Possible legislation regarding the automotive industry rescue plan S.____ A bill to amend the Internal Revenue Code of 1986 to stimulate business investment, and for other purposes H.R. 7044, To amend the Internal Revenue Code of 1986 to allow a temporary dividends received deduction for taxable years beginning in 2008 or 2009. S. 2668, the Modernize Our Bookkeeping In the Law for Employee's (MOBILE) Cell Phone Act of 2008 - including provisions relating to removing cell phones from the definition of "listed property". H.R. 6601, the Small Business Tax Modernization Act of 2008 - including provisions relating to removing cell phones from the definition of "listed property" H.R. 5793, the Cell Tax Fairness Act of 2008 S. 2519, Contracting and Tax Accountability Act of 2007, provisions on Tax Delinquency for Contractors. IRS Proposed Rule REG-158747-06: IRS Proposed Rule on Withholding Under Internal Revenue Code Section 3402(t) S. 777, Withholding Tax Relief Act of 2007, provisions on 3% Tax Withholding Law H.R. 1424/H.R. 3997, Emergency Economic Stabilization Act of 2008 IRS Notice 2008-9, to facilitate liquidity in the near term, IRS and Treasury will issue regulations providing that, for Section 956 purposes, a CFC may choose to exclude from the definition of obligation an obligation held by the CFC that would be an investment in United States property if the obligation is collected within 60 days from the time it is incurred
Client expense: $24,030,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Defense, Dept of (DOD), Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Federal Communications Commission (FCC), Federal Motor Carrier Safety Administration, Federal Reserve System, Federal Trade Commission (FTC), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Natl Security Council (NSC), Office of Management & Budget (OMB), Postal Regulatory Commission, SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
2008 · fourth_quarter · Housing
H.R. 3221, H.R. 5720, S. 2566, tax credits for home purchase
Client expense: Not reported · Firm income: $290,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2008 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 3221, H.R. 5720, H.R. 3997, S. 2566, tax credits for home purchase
Client expense: Not reported · Firm income: $290,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2008 · fourth_quarter · Taxation/Internal Revenue Code
IRC section 1221(a)(4) and related regulations; IRC section 245 and dividends received deduction for foreign corporate stock; treatment of refund anticipation loans; HR 1677; S 1133; S 1219; HR 2419 (section 12001); HR 3970 (section 3204); extension of NOL carryback period; HR 5140; HR 3221; HR 5720; HR 6275 (section 203); treatment of loan modifications under Real Estate Mortgage Investment Conduit rules; tax reporting of loan forgiveness, economic stabilization provisions; HR 3997; HR 1424
Client expense: Not reported · Firm income: $30,000
2008 · fourth_quarter · Urban Development/Municipalities
S 3261, FY 2009 Transportation-Housing & Urban Development Appropriations Act, Local transportation, housing and community development programs S 3182, FY 2009 Commerce-Justice-Science Appropriations Act, Local law enforcement programs S 3181, FY 2009 Homeland Security Appropriations Act, Local homeland security programs HR 6947, FY 2009 Homeland Security Appropriations Act, Local homeland security programs HR 980, Public Safety Employer-Employee Cooperation Act, Oppose S 2123, Public Safety Employer-Employee Cooperation Act, Oppose HR 926, Strengthening Ownership of Private Property Act, Monitor HR 720, Water Quality Financing Act, Support HR 2124, Clean Water Restoration Act, Monitor S 1870, Clean Water Restoration Act, Monitor HR 2881, FAA Reauthorization Act, Monitor S 1300, Aviation Investment & Modernization Act, Monitor S 294, Passenger Rail Investment and Improvement Act, Support HR 6003, Passenger Rail Investment and Improvement Act, Support HR 5577, Chemical Facility Anti-Terrorism Act, Local homeland security programs HR 3221, Housing & Economic Recovery Act, Monitor HR 5720, Housing Assistance Tax Act, Monitor S 2636, Foreclosure Prevention Act, Monitor S 3036, Lieberman-Warner Climate Security Act, Energy efficiency and transit programs HR 1424, Emergency Economic Stabilization Act, Monitor HR 7110, Job Creation & Economic Recovery Act, Monitor Support full funding for the Energy Efficiency & Conservation Block Grant South Central High-Speed Rail Corridor Homeland security funding for high-threat urban areas Denton Municipal Airport Local economic stimulus programs
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2008 · fourth_quarter · Urban Development/Municipalities
S 3261, FY 2009 Transportation-Housing & Urban Development Appropriations Act, Local transportation, housing and community development programs S 3182, FY 2009 Commerce-Justice-Science Appropriations Act, Local law enforcement programs S 3181, FY 2009 Homeland Security Appropriations Act, Local homeland security programs HR 6947, FY 2009 Homeland Security Appropriations Act, Local homeland security programs No bill number, FY 2009 Interior-Environment Appropriations Act, Local water infrastructure projects S 3258, FY 2009 Energy & Water Development Appropriations Act, Local flood control projects S 3230, FY 2009 Labor, HHS & Education Appropriations Act, Local education programs HR 980, Public Safety Employer-Employee Cooperation Act, Monitor S 2123, Public Safety Employer-Employee Cooperation Act, Monitor HR 926, Strengthening Ownership of Private Property Act, Monitor HR 720, Water Quality Financing Act, Support HR 2124, Clean Water Restoration Act, Monitor S 1870, Clean Water Restoration Act, Monitor HR 2881, FAA Reauthorization Act, Intermodal airport access and passenger facility charges S 1300, Aviation Investment & Modernization Act, Intermodal airport access and passenger facility charges S 294, Passenger Rail Investment and Improvement Act, Support HR 6003, Passenger Rail Investment and Improvement Act, Support HR 5577, Chemical Facility Anti-Terrorism Act of 2008, Local homeland security programs HR 3221, Foreclosure Prevention Act, Monitor HR 5720, Housing Assistance Tax Act, Monitor S 2636, Foreclosure Prevention Act, Monitor S 3036, Lieberman-Warner Climate Security Act, Energy efficiency and transit programs HR 1424, Emergency Economic Stabilization Act, Monitor HR 7110, Job Creation & Economic Relief Act, Monitor HR 1023, Withholding Tax Relief Act, Support S 777, Withholding Tax Relief Act, Support Support full funding for the Energy Efficiency & Conservation Block Grant Trinity River Corridor Project South Central High-Speed Rail Corridor Homeland security funding for high-threat urban areas Transit access to Dallas Love Field Airport Support international trade expansion and the Dallas International Inland Port Implementation of the Neighborhood Stabilization Program Local economic stimulus programs
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE
2008 · fourth_quarter · Urban Development/Municipalities
S 3261, FY 2009 Transportation-Housing & Urban Development Appropriations Act, Local transportation, housing and community development programs S 3182, FY 2009 Commerce-Justice-Science Appropriations Act, Local law enforcement programs S 3181, FY 2009 Homeland Security Appropriations Act, Local homeland security programs HR 6947, FY 2009 Homeland Security Appropriations Act, Local homeland security programs S 3230, FY 2009 Labor-Health & Human Services-Education Appropriations Act, Local health and senior programs No bill number, FY 2009 Interior-Environment Appropriations Act, Local water infrastructure projects S 3258, FY 2009 Energy & Water Development Appropriations Act, Local flood control projects HR 980, Public Safety Employer-Employee Cooperation Act, Monitor S 2123, Public Safety Employer-Employee Cooperation Act, Monitor HR 926, Strengthening Ownership of Private Property Act, Monitor HR 720, Water Quality Financing Act, Support HR 2124, Clean Water Restoration Act, Monitor S 1870, Clean Water Restoration Act, Monitor HR 2881, FAA Reauthorization Act, Monitor S 1300, Aviation Investment & Modernization Act, Monitor S 294, Passenger Rail Investment and Improvement Act, Support HR 6003, Passenger Rail Investment and Improvement Act, Support HR 2079, Plug-In Hybrid Electric Vehicle Act, Support HR 1331, To amend the Internal Revenue Code of 1986 to provide a tax credit for new qualified plug -in hybrid motor vehicles, Support HR 5577, Chemical Facility Anti-Terrorism Act of 2008, Local homeland security programs HR 3221, Housing & Economic Recovery Act, Monitor HR 5720, Housing Assistance Tax Act, Monitor S 2636, Foreclosure Prevention Act, Monitor HR 5818, Neighborhood Stabilization Act, Monitor HR 1023, Withholding Tax Relief Act, Support S 777, Withholding Tax Relief Act, Support S 3036, Lieberman-Warner Climate Security Act, Energy efficiency and transit programs HR 1424, Emergency Economic Stabilization Act, Monitor/Energy tax provisions HR 7110, Job Creation & Economic Relief Act Onion Creek Flood Control Project South Central High-Speed Rail Corridor Metropolitan area commuter rail Support full funding for the Energy Efficiency & Conservation Block Grant Implementation of the Neighborhood Stabilization Program Local economic stimulus programs
Client expense: Not reported · Firm income: $20,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2008 · fourth_quarter · Urban Development/Municipalities
S 3261, FY 2009 Transportation-Housing & Urban Development Appropriations Act, Local transportation, housing and community development programs S 3182, FY 2009 Commerce-Justice-Science Appropriations Act, Local law enforcement programs 3258, FY 2009 Energy & Water Development Appropriations Act, Local flood control projects HR 980, Public Safety Employer-Employee Cooperation Act, Monitor S 2123, Public Safety Employer-Employee Cooperation Act, Monitor HR 926, Strengthening Ownership of Private Property Act, Monitor HR 720, Water Quality Financing Act, Support HR 2124, Clean Water Restoration Act, Monitor S 1870, Clean Water Restoration Act, Monitor HR 5577, Chemical Facility Anti-Terrorism Act of 2008, Local homeland security programs HR 3221, Housing & Economic Recovery Act, Monitor HR 5720, Housing Assistance Tax Act, Monitor S 2636, Foreclosure Prevention Act, Monitor HR 5818, Neighborhood Stabilization Act, Monitor S 3036, Lieberman-Warner Climate Security Act, Energy efficiency and transit programs HR 1424, Emergency Economic Stabilization Act, Monitor HR 7110, Job Creation & Economic Relief Act, Monitor Johnson Creek Flood Control & Environmental Restoration Project Support full funding for the Energy Efficiency & Conservation Block Grant Local transit programs & funding Local economic stimulus programs
Client expense: Not reported · Firm income: $20,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2008 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 1491, Affordable Housing Preservation Tax Relief Act of 2007 H.R. 3997, Heroes Earnings Assistance and Relief Tax Act of 2007 H.R. 5720, Housing Assistance Tax Act of 2008 S. 1318, Affordable Housing Preservation Act of 2007 S. 2886, Alternative Minimum Tax and Extenders Tax Relief Act of 2008 H.R. 3221, Fireclosure Prevention Act of 2008 H.R. 6049, Renewable Energy and Job Creation Act of 2008 H.R. 6275, Alternative Minimum Tax Relief Act of 2008 H.R. 3970, Tax Reduction and Reform Act of 2007 H.R. 2419, P.L. 110-246 Food Conservation and Energy Act of 2008 H.R. 6694, FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008. P.L. 110-289, Housing and Economic Recovery Act of 2008 H.R. 7325, The Economic Recovery through Responsible Home Ownership Act H.R. 4574, Depreciation of Certain Systems
Client expense: $484,300 · Firm income: Not reported
Government targets: Consumer Product Safety Commission (CPSC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), SENATE
2008 · fourth_quarter · Urban Development/Municipalities
S 3261, FY 2009 Transportation-Housing & Urban Development Appropriations Act, Local transportation, housing and community development programs S 3182, FY 2009 Commerce-Justice-Science Appropriations Act, Local law enforcement programs S 3230, FY 2009 Labor-Health & Human Services-Education Appropriations Act, Local health and education programs S 3258, FY 2009 Energy & Water Development Appropriations Act, Local water resources projects No bill number, FY 2009 Interior-Environment Appropriations Act, Local water infrastructure projects S 3301, FY 2009 Military Construction Appropriations Act, Local base issues HR 6599, FY 2009 Military Construction Appropriations Act, Local base issues HR 980, Public Safety Employer-Employee Cooperation Act, Oppose S 2123, Public Safety Employer-Employee Cooperation Act, Oppose HR 926, Strengthening Ownership of Private Property Act, Monitor HR 720, Water Quality Financing Act, Support HR 2124, Clean Water Restoration Act, Monitor S 1870, Clean Water Restoration Act, Monitor HR 5577, Chemical Facility Anti-Terrorism Act of 2008, Local homeland security programs HR 3221, Housing & Economic Recovery Act, Monitor HR 5720, Housing Assistance Tax Act, Monitor HR 3221, Foreclosure Prevention Act, Monitor S 2636, Foreclosure Prevention Act, Monitor HR 5720, Housing Assistance Tax Act, Monitor HR 5818, Neighborhood Stabilization Act, Monitor S 3036, Lieberman-Warner Climate Security Act, Energy efficiency and transit programs HR 1424, Emergency Economic Stabilization Act, Monitor HR 7110, Job Creation & Economic Relief Act, Monitor Pocotaligo River Environmental Restoration Project Central Carolina Technical College Allied Health Center Downtown Redevelopment Support full funding for the Energy Efficiency & Conservation Block Grant 2010 Census full count Shaw Air Force Base Realignment Local economic stimulus programs
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2008 · fourth_quarter · Urban Development/Municipalities
S 3261, FY 2009 Transportation-Housing & Urban Development Appropriations Act, Local transportation, housing and community development programs S 3182, FY 2009 Commerce-Justice-Science Appropriations Act, Local law enforcement programs S 3181, FY 2009 Homeland Security Appropriations Act, Local homeland security programs HR 6947, FY 2009 Homeland Security Appropriations Act, Local homeland security programs S 3258, FY 2009 Energy & Water Development Appropriations Act, Local flood control projects S 3230, FY 2009 Labor-Health & Human Services-Education Appropriations Act, Local health care programs S 3301, FY 2009 Military Construction Appropriations Act, Local base issues HR 6599, FY 2009 Military Construction Appropriations Act, Local base issues HR 980, Public Safety Employer-Employee Cooperation Act, Oppose S 2123, Public Safety Employer-Employee Cooperation Act, Oppose HR 926, Strengthening Ownership of Private Property Act, Monitor HR 720, Water Quality Financing Act, Support HR 2124, Clean Water Restoration Act, Monitor S 1870, Clean Water Restoration Act, Monitor HR 734, Transit System Flexibility Act, Support S 406, Transit System Flexibility Act, Support HR 3458, SAFETEA-LU Technical Corrections Act, Transit operating assistance HR 5577, Chemical Facility Anti-Terrorism Act of 2008, Local homeland security programs HR 3221, Housing & Economic Recovery Act, Monitor S 2636, Foreclosure Prevention Act, Monitor HR 5818, Neighborhood Stabilization Act, Monitor HR 5720, Housing Assistance Tax Act, Monitor HR 1023, Withholding Tax Relief Act, Support S 777, Withholding Tax Relief Act, Support S 3036, Lieberman-Warner Climate Security Act, Energy efficiency and transit programs HR 1424, Emergency Economic Stabilization Act, Monitor HR 7110, Job Creation & Economic Relief Act, Monitor Support full funding for the Energy Efficiency & Conservation Block Grant Local economic stimulus programs
Client expense: Not reported · Firm income: $20,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2008 · fourth_quarter · Urban Development/Municipalities
S 3261, FY 2009 Transportation-Housing & Urban Development Appropriations Act, Local transportation, housing and community development programs S 3182, FY 2009 Commerce-Justice-Science Appropriations Act, Local law enforcement programs S 3181, FY 2009 Homeland Security Appropriations Act, Local homeland security programs HR 6947, FY 2009 Homeland Security Appropriations Act, Local homeland security programs S 3230, FY 2009 Labor-Health & Human Services-Education Appropriations Act, Local senior citizen programs No bill number, FY 2009 Interior-Environment Appropriations Act, Local water infrastructure projects S 3258, FY 2009 Energy & Water Development Appropriations Act, Local water infrastructure and energy efficiency projects HR 980, Public Safety Employer-Employee Cooperation Act, Monitor S 2123, Public Safety Employer-Employee Cooperation Act, Monitor HR 926, Strengthening Ownership of Private Property Act, Monitor HR 720, Water Quality Financing Act, Support HR 2124, Clean Water Restoration Act, Oppose S 1870, Clean Water Restoration Act, Oppose HR 2881, FAA Reauthorization Act, Monitor S 1300, Aviation Investment & Modernization Act, Monitor HR 3221, Housing & Economic Recovery Act, Monitor S 2636, Foreclosure Prevention Act, Monitor HR 2999, Southern Nevada Limited Transition Area Act, Support S 1377, Southern Nevada Limited Transition Area Act, Support S 3213, Omnibus Public Land Management Act, Support Southern Nevada Limited Transition Area HR 5577, Chemical Facility Anti-Terrorism Act of 2008, Local homeland security programs HR 5720, Housing Assistance Tax Act, Monitor HR 5818, Neighborhood Stabilization Act, Monitor HR 1023, Withholding Tax Relief Act, Support S 777, Withholding Tax Relief Act, Support HR 1424, Emergency Economic Stabilization Act, Monitor HR 7110, Job Creation & Economic Relief Act, Monitor S 3603, Carson City Vital Community Act, Monitor S 3036, Lieberman-Warner Climate Security Act, Energy efficiency and transit programs Support full funding for the Energy Efficiency & Conservation Block Grant Southern Nevada Public Lands Issues Downtown Redevelopment Affordable Housing Three Kids Mine Cleanup Local economic stimulus programs
Client expense: Not reported · Firm income: $20,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE