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To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.
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vs 6,490 other HR bills in the 111th — cohort avg 44d
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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Filing registrants (3)
2013 · second_quarter · Financial Institutions/Investments/Securities
Public Law 111-203, H.R. 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act. Issue: Implementation and Regulatory reform.H.R. 214, the Insurance Capital and Accounting Standards Act of 2013. Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) and the Home Owners' Loan Act to make minimum leverage and risk-based capital requirements governing insurance companies under the state law also apply to insurance companies that are either depository holding companies or subsidiaries of depository holding companies. Issue: Capital Standards, Basel III H.R. 1062, SEC Regulatory Accountability Act. Issue: SEC Rulemaking, Cost-Benefit Analysis, Derivatives H.AMDT.64 to H.R. 1062, Amendment expresses the sense of Congress that rules adopted by the Public Company Accounting Oversight Board (PCAOB) comply with the same standards required of the SEC. It also requires the SEC to ensure that any rules adopted by the Municipal Securities Rulemaking Board (MSRB), and other national securities associations comply with the standards set forth in the bill. Issue: FINRA, Securities Rulemaking H.R. 1564, the Audit Integrity and Job Protection Act. Amends the Sarbanes-Oxley Act of 2002 (SOX) to deny the Public Company Accounting Oversight Board any authority to require that audits conducted for a particular issuer of securities in accordance with SOX standards be conducted by specific auditors, or that such audits be conducted for an issuer by different auditors on a rotating basis. Issue: Mandatory Auditor Rotation H.R. 2374, the Retail Investor Protection Act. To amend the Securities Exchange Act of 1934 to provide protections for retail customers, and for other purposes. Issue: Fiduciary Duties S. 731, the Basel III CASE Act. Directs the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency, before issuing any final rule in relation to proposals they have issued for the International Basel III agreement on general risk-based capital requirements, to conduct an empirical study that includes: (1) a quantitative analysis of the rule's impact on the U.S. financial services sector, specifically community, mid-size, and regional financial institutions; and (2) a determination of the long-term impact of the rule, including changes to the current risk weight framework. Issue: Capital Standards for Community Banks H.R 2547, the Determination of Appropriate Risk-Based Capital Requirements for Community Financial Institutions Act of 2013. To determine appropriate risk based capital requirements for community, mid-size, and regional institutions. Issue: Capital Standards for Community Banks S. 798, TBTF Act. Requires federal banking agencies to establish capital requirements for the ratio of equity capital to total consolidated assets for all financial institutions. Issue: Capital Standards S. ____, Draft bill pertaining to insurance capital standards under Basel III rules. Issue: Capital Standards, Basel III Tracking: H.R. 634, the Business Risk Mitigation and Price Stabilization Act of 2013. Issue: Derivatives, DFA Title VIIH.R. 677, the Inter-Affiliate Swap Clarification Act. Issue: Derivatives, DFA Title VII H.R. 742, the Swap Data Repository and Clearinghouse Indemnification Correction Act of 2013. Issue: Derivatives, DFA Title VII H.R. 992, the Swaps Regulatory Improvement Act. Issue: Derivatives, DFA Title VII H.R. 1256, the Swap Jurisdiction Certainty Act. Issue: Derivatives, DFA Title VII H.R. 1341, the Financial Competitive Act of 2013. Issue: Derivatives, DFA Title VII H.R. 2295, the Basel III CASE Act. Directs the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency, before issuing any final rule in relation to proposals they have issued for the International Basel III agreement on general risk-based capital requirements, to conduct an empirical study that includes: (1) a quantitative analysis of the rule's impact on the U.S. financial services sector, specifically community, mid-size, and regional financial institutions; and (2) a determination of the long-term impact of the rule, including changes to the current risk weight framework. Issue: Capital Standards for Community Banks
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $2,060,500 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2009 · third_quarter · Taxation/Internal Revenue Code
H.R. 1 (P.L. 111-5), American Recovery and Reinvestment Act of 2009 H.R. 101, Economic Recovery Through Responsible Homeownership Act of 2009 H.R. 214, To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases. H.R. 309, American Heroes' Homeownership Assistance Act of 2009 H.R. 426, Green Roofing Energy Efficiency Tax Act of 2009 H.R. 436, Certain Estate Tax Relief Act of 2009 H.R. 475, To amend the Internal Revenue Code to qualify formerly homeless youth who are students for purposes of low income housing tax credit. H.R. 525, To amend the Internal Revenue Code of 1986 to repeal the recapture rule of the first-time homebuyer credit and to extend the application of the credit through 2009. H.R. 674, Fair Taxes for Seniors Act of 2009 H.R. 755, To amend the Internal Revenue Code of 1986 to exclude from gross income the gain from the sale or exchange of certain residences acquired before 2013. H.R. 802, To amend the Internal Revenue Code of 1986 to extend and modify the first-time homebuyer credit. H.R. 906, Housing Disaster Area Foreclosure Prevention Act of 2009 H.R. 1119, To amend the Internal Revenue Code of 1986 to expand the application of the homebuyer credit, and for other purposes. H.R. 1194, Fire Sprinkler Incentive Act of 2009 H.R. 1245, Homebuyer Tax Credit Act of 2009 H.R. 1301, To amend the Internal Revenue Code of 1986 to suspend the 180-day period for completion of a like-kind exchange in the case of the bankruptcy of a qualified intermediary or an exchange accommodation titleholder. H.R. 1317, To amend the Internal Revenue Code of 1986 to provide a tax credit to individuals who pay their mortgages on time. H.R. 1344, Real Help for Homebuyers Act of 2009 H.R. 1453, To amend the Internal Revenue Code of 1986 to extend and expand the homebuyer tax credit. H.R. 1677, Empowerment Zone, Renewal Community and Enterprise Community Enhancement Act of 2009 H.R. 1716, Property Tax Relief Act of 2009 H.R. 1724, America's Brownfield Cleanup Act 2009 H.R. 1767, Fair Housing Tax Credit Extension Act of 2009 H.R. 1935, To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services. H.R. 2198, To amend the Internal Revenue Code of 1986 to provide a shorter recovery period for the depreciation of certain systems installed in nonresidential real property or residential rental property. H.R. 2227, American Conservation and Clean Energy Independence Act H.R. 2615, Energy-Efficient Commercial Roofs Act of 2009 H.R.2649, To amend the Internal Revenue Code of 1986 to modify the new energy efficient home credit and to provide a credit against tax for the purchase of certain energy efficient homes. H.R.2655, To amend the Internal Revenue Code of 1986 to expand and extend the first-time homebuyer credit. H.R.2725, To amend the Internal Revenue Code of 1986 to provide a 5-year extension for the real property standard deduction and to adjust such deduction for inflation. H.R.2756, To amend the Internal Revenue Code of 1986 to allow eligible veterans to use qualified veterans mortgage bonds to refinance home loans, and for other purposes. H.R.2801, To amend the Internal Revenue Code of 1986 to expand and extend the first-time homebuyer credit. H.R.2851, To amend the Internal Revenue Code of 1986 to exclude certain gains on single-family residential rental property from gross income. H.R. 2887, Affordable Housing Preservation Tax Relief Act of 2009 H.R. 2995, Disaster State Housing Recovery Act of 2009 H.R. 2346, Supplemental Appropriations H.R.3178, To amend the Internal Revenue Code of 1986 to allow the expensing of certain real property. H.R.3260, To amend the Internal Revenue Code of 1986 to make the expensing of environmental remediation costs permanent law. H.R.3382, To amend the Internal Revenue Code of 1986 to encourage individuals to purchase building products and home furnishings, and for other purposes. H.R.3440, To amend the Internal Revenue Code of 1986 to allow dealers in real estate to use the installment sales method. H.R.3500, To amend the Internal Revenue Code of 1986 to extend and modify the benefits available in empowerment zones and other tax-incentive areas. H.R.3520, To amend the Internal Revenue Code of 1986 to exclude capital gains on sales and exchanges of residences purchased in a foreclosure sale. H.R.3586, To amend the Internal Revenue Code of 1986 to expand the availability of employee stock ownership plans in S corporations, and for other purposes. H.R.3590, To amend the Internal Revenue Code of 1986 to modify the first-time homebuyers credit in the case of members of the Armed Forces and certain other Federal employees, and for other purposes. H.R.3640, To amend the Internal Revenue Code of 1986 to extend and expand the first-time homebuyers credit and to provide a loss deduction on the sale of a principal residence. H.R.3670, To amend the Internal Revenue Code of 1986 to expand the incentives for the rehabilitation of older buildings, including owner-occupied residences. H.R.3715, To amend the Internal Revenue Code of 1986 to expand the rehabilitation credit, and for other purposes. H.R. 3746, To amend the Internal Revenue Code of 1986 to provide tax incentives for making homes more water-efficient, for building new water-efficient homes, for public water conservation, and for other purposes. H.R. 3747, To promote water efficiency, conservation, and adaptation, and for other purposes. S. 31, A bill to amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes. S. 33, A bill to amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes. S. 138, A bill to amend the Internal Revenue Code of 1986 to repeal alternative minimum tax limitations on private activity bond interest, and for other purposes. S. 201, A bill to amend the Internal Revenue Code of 1986 to extend the additional standard deduction for real property taxes for nonitemizers for 2010. S. 249, A bill to amend the Internal Revenue Code of 1986 to qualify formerly homeless youth who are students for purposes of low income tax credit. S. 253, Fix Housing First Homebuyer Tax Credit Act S. 312, First-Time Homebuyers' Tax Credit Act of 2009 S. 1637, A bill to amend the Internal Revenue Code of 1986 to improve and extend certain energy-related tax provisions, and for other purposes. S. 376, Real Estate Mortgage Investment Conduit Improvement Act of 2009 S. 722, Taxpayer Certainty and Relief Act of 2009 S. 740, A bill to amend the Internal Revenue Code of 1986 to expand the homebuyer tax credit, and for other purposes. S. 823, Net Operating Loss (NOL) Carryback Act S.AMDT. 58 to H.R,. 2 To amend the Internal Revenue Code of 1986 to provide a revenue source through the treatment of income of partners for performing investment management services as ordinary income received for performance of services and reduce accordingly the tobacco tax increase as a revenue source. S. AMDT. 106 to H.R. 1, To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases. S.1583, A bill to amend the Internal Revenue Code of 1986 to extend the new markets tax credit through 2014, and for other purposes. S.1637, A bill to amend the Internal Revenue Code of 1986 to improve and extend certain energy-related tax provisions, and for other purposes. S.1639, A bill to amend the Internal Revenue Code of 1986 to improve and extend certain energy-related tax provisions, and for other purposes. S.1678, A bill to amend the Internal Revenue Code of 1986 to extend the first-time homebuyer tax credit, and for other purposes. S.1711, A bill to amend the Internal Revenue Code of 1986 to provide tax incentives for making homes more water-efficient, for building new water-efficient homes, for public water conservation, and for other purposes. S. 1712, A bill to promote water efficiency, conservation, and adaptation, and for other purposes. S.1728, A bill to amend the Internal Revenue Code of 1986 to modify the first-time homebuyer credit in the case of members of the Armed Forces and certain other Federal employees, and for other purposes. S.1743, A bill to amend the Internal Revenue Code of 1986 to expand the rehabilitation credit, and for other purposes.
Client expense: $346,000 · 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), Internal Revenue Service (IRS), Natl Economic Council (NEC), SENATE, Treasury, Dept of
2009 · third_quarter · Taxation/Internal Revenue Code
H.R. 205 - Death Tax Repeal Act - Repeals the federal estate, gift, and generation-skipping transfer taxes. H.R. 214 - 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. 436 - Certain Estate Tax Relief Act of 2009 - Restores the tax on estates and generation-skipping transfers and the step-up in basis provisions for property acquired from a decedent, previously repealed by the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). Declares that the sunset provision (general terminating date of December 10, 2010) of EGTRRA shall not apply to title V of such Act ( Estate, Gift, and Generation-Skipping Transfer Tax Provisions). H.R. 498 - Capital Gains and Estate Tax Relief Act of 2009 - Makes permanent the reduction in capital gains tax rates (from 20 to 15%) enacted by the Jobs and Growth Tax Relief and Reconciliation Act of 2003. H.R. 755 - Amends the Internal Revenue Code to allow an individual taxpayer an exclusion from gross income of the gain from the sale or exchange of up to two residences (other than a principal residence) acquired after December 31, 2008, and before January 1, 2012. Limits the amount of such exclusion to $250,000 ($500,000 for married taxpayers filing a joint return). Allows a $500,000 exclusion amount for a surviving spouse who sells a residence within two years of the death of a spouse. H.R. 1245 - Homebuyer Tax Credit Act of 2009 - Amends the Internal Revenue Code to replace the current tax credit for first-time homebuyers with a one-time credit for 10% of the purchase price of a principal residence, up to $15,000. Requires repayment of credit amounts if the taxpayer sells or fails to occupy the residence within 24 months after the date of purchase. H.R. 1301 - Amends Internal Revenue Code provisions allowing nonrecognition of gain from like-kind exchanges to suspend the 180-day period for completing such exchanges in cases involving exchange facilitators who have filed a bankruptcy petition. S. 2 - Middle Class Opportunity Act of 2009 - Declares that Congress should enact, and the President should sign, legislation to improve the lives of middle class families and provide them with greater opportunity to achieve the American dream by: providing middle class tax relief while making the tax laws simpler and more reliable. H.R. 1560 - To make the moratorium on Internet access taxes and multiple and discriminatory taxes on electronic commerce permanent. H.R. 1629 - To amend the Internal Revenue Code of 1986 to provide penalty free distributions and loans from certain retirement plans for the purchase and refinancing of principal residences. H.R. 1632 - To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income of long-term capital gains on property purchased before the end of 2009. H.R. 1716 - To amend the Internal Revenue Code of 1986 to allow the deduction for real property taxes on the principal residences to all individuals whether or not they itemize other deductions. H.R. 1805 - To amend the Internal Revenue Code of 1986 to make permanent the deduction for State and local sales tax, the deduction for qualified tuition and related expenses, and the deduction for mortgage interest premiums, and to modify to the homebuyer credit. S. 156 - Small Business Stimulus Act of 2009 - Amends the Internal Revenue Code to: (1) extend through 2010 the increased expensing allowance for depreciable business assets; and (2) extend from two to five years the carryback period for net operating losses in 2008 or 2009. S. 201 - Amends the Internal Revenue Code to extend through 2010 the additional standard tax deduction for real property taxes for taxpayers who do not itemize their tax deductions. S. 253 - Fix Housing First Homebuyer Tax Credit Act - Amends the Internal Revenue Code to revise the tax credit for first-time homebuyers by: (1) eliminating the first-time homebuyer requirement (thus making such credit available to all homebuyers); (2) eliminating the repayment requirement for such credit except for resales of a principal residence, or failure to occupy such residence, at any time within three years of purchase; (3) exempting from the repayment requirement members of the Armed Forces who are ordered to relocate; (4) extending the period for purchasing a residence until December 31, 2009. S. 567 - Repeals the termination date in the Jobs Growth Tax Relief Reconciliation Act of 2003 for provisions reducing individual tax rates on capital gains and dividend income. S. 1678 - Amends Internal Revenue Code provisions relating to the first-time homebuyer tax credit to: (1) extend such tax credit through May 31, 2010; (2) extend through December 31, 2009, the date until which purchases of a principal residence may be treated as made on December 31, 2008, for tax purposes; and (3) extend through May 31, 2010, the waiver of recapture requirements for residences purchased after December 31, 2008. C.A.R. is following a CBO report discussing the possibility of reducing the mortgage interest deduction (MID) from the present $1.1 million cap to $500,000, replacing the MID with a flat tax credit that is 15% of mortgage interest paid, and/or eliminating the deduction for all state and local taxes, including property taxes.
Client expense: $20,000 · Firm income: Not reported
Government targets: Environmental Protection Agency (EPA), 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, Veterans Affairs, Dept of (VA)
2009 · second_quarter · Taxation/Internal Revenue Code
H.R. 1 (P.L. 111-5), American Recovery and Reinvestment Act of 2009 H.R. 101, Economic Recovery Through Responsible Homeownership Act of 2009 H.R. 214, To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases. H.R. 309, American Heroes' Homeownership Assistance Act of 2009 H.R. 426, Green Roofing Energy Efficiency Tax Act of 2009 H.R. 436, Certain Estate Tax Relief Act of 2009 H.R. 475, To amend the Internal Revenue Code to qualify formerly homeless youth who are students for purposes of low income housing tax credit. H.R. 525, To amend the Internal Revenue Code of 1986 to repeal the recapture rule of the first-time homebuyer credit and to extend the application of the credit through 2009. H.R. 674, Fair Taxes for Seniors Act of 2009 H.R. 755, To amend the Internal Revenue Code of 1986 to exclude from gross income the gain from the sale or exchange of certain residences acquired before 2013. H.R. 802, To amend the Internal Revenue Code of 1986 to extend and modify the first-time homebuyer credit. H.R. 906, Housing Disaster Area Foreclosure Prevention Act of 2009 H.R. 1119, To amend the Internal Revenue Code of 1986 to expand the application of the homebuyer credit, and for other purposes. H.R. 1194, Fire Sprinkler Incentive Act of 2009 H.R. 1245, Homebuyer Tax Credit Act of 2009 H.R. 1301, To amend the Internal Revenue Code of 1986 to suspend the 180-day period for completion of a like-kind exchange in the case of the bankruptcy of a qualified intermediary or an exchange accommodation titleholder. H.R. 1317, To amend the Internal Revenue Code of 1986 to provide a tax credit to individuals who pay their mortgages on time. H.R. 1344, Real Help for Homebuyers Act of 2009 H.R. 1453, To amend the Internal Revenue Code of 1986 to extend and expand the homebuyer tax credit. H.R. 1677, Empowerment Zone, Renewal Community and Enterprise Community Enhancement Act of 2009 H.R. 1716, Property Tax Relief Act of 2009 H.R. 1724, America's Brownfield Cleanup Act 2009 H.R. 1767, Fair Housing Tax Credit Extension Act of 2009 H.R. 1935, To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services. H.R. 2198, To amend the Internal Revenue Code of 1986 to provide a shorter recovery period for the depreciation of certain systems installed in nonresidential real property or residential rental property. H.R. 2227, American Conservation and Clean Energy Independence Act H.R. 2615, Energy-Efficient Commercial Roofs Act of 2009 H.R. 2887, Affordable Housing Preservation Tax Relief Act of 2009 H.R. 2995, Disaster State Housing Recovery Act of 2009 H.R. 2346, Supplemental Appropriations S. 31, A bill to amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes. S. 33, A bill to amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes. S. 138, A bill to amend the Internal Revenue Code of 1986 to repeal alternative minimum tax limitations on private activity bond interest, and for other purposes. S. 201, A bill to amend the Internal Revenue Code of 1986 to extend the additional standard deduction for real property taxes for nonitemizers for 2010. S. 249, A bill to amend the Internal Revenue Code of 1986 to qualify formerly homeless youth who are students for purposes of low income tax credit. S. 253, Fix Housing First Homebuyer Tax Credit Act S. 312, First-Time Homebuyers' Tax Credit Act of 2009 S. 376, Real Estate Mortgage Investment Conduit Improvement Act of 2009 S. 722, Taxpayer Certainty and Relief Act of 2009 S. 740, A bill to amend the Internal Revenue Code of 1986 to expand the homebuyer tax credit, and for other purposes. S. 823, Net Operating Loss (NOL) Carryback Act S.AMDT. 58 to H.R,. 2 To amend the Internal Revenue Code of 1986 to provide a revenue source through the treatment of income of partners for performing investment management services as ordinary income received for performance of services and reduce accordingly the tobacco tax increase as a revenue source. S. AMDT. 106 to H.R. 1, To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.
Client expense: $350,000 · 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), Internal Revenue Service (IRS), SENATE, Treasury, Dept of
2009 · second_quarter · Taxation/Internal Revenue Code
H.R. 205 - Death Tax Repeal Act - Repeals the federal estate, gift, and generation-skipping transfer taxes. H.R. 214 - 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. 436 - Certain Estate Tax Relief Act of 2009 - Restores the tax on estates and generation-skipping transfers and the step-up in basis provisions for property acquired from a decedent, previously repealed by the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). Declares that the sunset provision (general terminating date of December 10, 2010) of EGTRRA shall not apply to title V of such Act ( Estate, Gift, and Generation-Skipping Transfer Tax Provisions). H.R. 498 - Capital Gains and Estate Tax Relief Act of 2009 - Makes permanent the reduction in capital gains tax rates (from 20 to 15%) enacted by the Jobs and Growth Tax Relief and Reconciliation Act of 2003. H.R. 755 - Amends the Internal Revenue Code to allow an individual taxpayer an exclusion from gross income of the gain from the sale or exchange of up to two residences (other than a principal residence) acquired after December 31, 2008, and before January 1, 2012. Limits the amount of such exclusion to $250,000 ($500,000 for married taxpayers filing a joint return). Allows a $500,000 exclusion amount for a surviving spouse who sells a residence within two years of the death of a spouse. H.R. 1245 - Homebuyer Tax Credit Act of 2009 - Amends the Internal Revenue Code to replace the current tax credit for first-time homebuyers with a one-time credit for 10% of the purchase price of a principal residence, up to $15,000. Requires repayment of credit amounts if the taxpayer sells or fails to occupy the residence within 24 months after the date of purchase. H.R. 1301 - Amends Internal Revenue Code provisions allowing nonrecognition of gain from like-kind exchanges to suspend the 180-day period for completing such exchanges in cases involving exchange facilitators who have filed a bankruptcy petition. S. 2 - Middle Class Opportunity Act of 2009 - Declares that Congress should enact, and the President should sign, legislation to improve the lives of middle class families and provide them with greater opportunity to achieve the American dream by: providing middle class tax relief while making the tax laws simpler and more reliable. H.R. 1560 - To make the moratorium on Internet access taxes and multiple and discriminatory taxes on electronic commerce permanent. H.R. 1629 - To amend the Internal Revenue Code of 1986 to provide penalty free distributions and loans from certain retirement plans for the purchase and refinancing of principal residences. H.R. 1632 - To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income of long-term capital gains on property purchased before the end of 2009. H.R. 1716 - To amend the Internal Revenue Code of 1986 to allow the deduction for real property taxes on the principal residences to all individuals whether or not they itemize other deductions. H.R. 1805 - To amend the Internal Revenue Code of 1986 to make permanent the deduction for State and local sales tax, the deduction for qualified tuition and related expenses, and the deduction for mortgage interest premiums, and to modify to the homebuyer credit. S. 156 - Small Business Stimulus Act of 2009 - Amends the Internal Revenue Code to: (1) extend through 2010 the increased expensing allowance for depreciable business assets; and (2) extend from two to five years the carryback period for net operating losses in 2008 or 2009. S. 201 - Amends the Internal Revenue Code to extend through 2010 the additional standard tax deduction for real property taxes for taxpayers who do not itemize their tax deductions. S. 253 - Fix Housing First Homebuyer Tax Credit Act - Amends the Internal Revenue Code to revise the tax credit for first-time homebuyers by: (1) eliminating the first-time homebuyer requirement (thus making such credit available to all homebuyers); (2) eliminating the repayment requirement for such credit except for resales of a principal residence, or failure to occupy such residence, at any time within three years of purchase; (3) exempting from the repayment requirement members of the Armed Forces who are ordered to relocate; (4) extending the period for purchasing a residence until December 31, 2009. S. 567 - Repeals the termination date in the Jobs Growth Tax Relief Reconciliation Act of 2003 for provisions reducing individual tax rates on capital gains and dividend income. C.A.R. has been lobbying on the Administration Budget Proposal which included provisions that would limit the amount a tax deduction could be counted on certain income brackets. This limitation would apply to the deduction of real estate related items such as property taxes and Mortgage Interest Deduction.
Client expense: $20,000 · Firm income: Not reported
Government targets: Environmental Protection Agency (EPA), 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, Veterans Affairs, Dept of (VA)
2009 · first_quarter · Taxation/Internal Revenue Code
H.R. 1 (P.L. 111-5), American Recovery and Reinvestment Act of 2009 H.R. 101, Economic Recovery Through Responsible Homeownership Act of 2009 H.R. 214, To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases. H.R. 309, American Heroes' Homeownership Assistance Act of 2009 H.R. 426, Green Roofing Energy Efficiency Tax Act of 2009 H.R. 436, Certain Estate Tax Relief Act of 2009 H.R. 475, To amend the Internal Revenue Code to qualify formerly homeless youth who are students for purposes of low income housing tax credit. H.R. 525, To amend the Internal Revenue Code of 1986 to repeal the recapture rule of the first-time homebuyer credit and to extend the application of the credit through 2009. H.R. 674, Fair Taxes for Seniors Act of 2009 H.R. 755, To amend the Internal Revenue Code of 1986 to exclude from gross income the gain from the sale or exchange of certain residences acquired before 2013. H.R. 802, To amend the Internal Revenue Code of 1986 to extend and modify the first-time homebuyer credit. H.R. 906, Housing Disaster Area Foreclosure Prevention Act of 2009 H.R. 1119, To amend the Internal Revenue Code of 1986 to expand the application of the homebuyer credit, and for other purposes. H.R. 1194, Fire Sprinkler Incentive Act of 2009 H.R. 1245, Homebuyer Tax Credit Act of 2009 H.R. 1301, To amend the Internal Revenue Code of 1986 to suspend the 180-day period for completion of a like-kind exchange in the case of the bankruptcy of a qualified intermediary or an exchange accommodation titleholder. H.R. 1317, To amend the Internal Revenue Code of 1986 to provide a tax credit to individuals who pay their mortgages on time. H.R. 1344, Real Help for Homebuyers Act of 2009 H.R. 1453, To amend the Internal Revenue Code of 1986 to extend and expand the homebuyer tax credit. H.R. 1677, Empowerment Zone, Renewal Community and Enterprise Community Enhancement Act of 2009 H.R. 1716, Property Tax Relief Act of 2009 H.R. 1724, America's Brownfield Cleanup Act 2009 H.R. 1767, Fair Housing Tax Credit Extension Act of 2009 H.R. 1935, To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services. S. 31, A bill to amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes. S. 33, A bill to amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes. S. 138, A bill to amend the Internal Revenue Code of 1986 to repeal alternative minimum tax limitations on private activity bond interest, and for other purposes. S. 201, A bill to amend the Internal Revenue Code of 1986 to extend the additional standard deduction for real property taxes for nonitemizers for 2010. S. 249, A bill to amend the Internal Revenue Code of 1986 to qualify formerly homeless youth who are students for purposes of low income tax credit. S. 253, Fix Housing First Homebuyer Tax Credit Act S. 312, First-Time Homebuyers' Tax Credit Act of 2009 S. 376, Real Estate Mortgage Investment Conduit Improvement Act of 2009 S. 722, Taxpayer Certainty and Relief Act of 2009 S. 740, A bill to amend the Internal Revenue Code of 1986 to expand the homebuyer tax credit, and for other purposes. S. 823, Net Operating Loss (NOL) Carryback Act S.AMDT. 58 to H.R,. 2 To amend the Internal Revenue Code of 1986 to provide a revenue source through the treatment of income of partners for performing investment management services as ordinary income received for performance of services and reduce accordingly the tobacco tax increase as a revenue source. S. AMDT. 106 to H.R. 1, To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.
2009 · first_quarter · Taxation/Internal Revenue Code
H.R. 205 - Death Tax Repeal Act - Repeals the federal estate, gift, and generation-skipping transfer taxes. H.R. 214 - 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. 436 - Certain Estate Tax Relief Act of 2009 - Restores the tax on estates and generation-skipping transfers and the step-up in basis provisions for property acquired from a decedent, previously repealed by the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). Declares that the sunset provision (general terminating date of December 10, 2010) of EGTRRA shall not apply to title V of such Act ( Estate, Gift, and Generation-Skipping Transfer Tax Provisions). H.R. 498 - Capital Gains and Estate Tax Relief Act of 2009 - Makes permanent the reduction in capital gains tax rates (from 20 to 15%) enacted by the Jobs and Growth Tax Relief and Reconciliation Act of 2003. H.R. 755 - Amends the Internal Revenue Code to allow an individual taxpayer an exclusion from gross income of the gain from the sale or exchange of up to two residences (other than a principal residence) acquired after December 31, 2008, and before January 1, 2012. Limits the amount of such exclusion to $250,000 ($500,000 for married taxpayers filing a joint return). Allows a $500,000 exclusion amount for a surviving spouse who sells a residence within two years of the death of a spouse. H.R. 1245 - Homebuyer Tax Credit Act of 2009 - Amends the Internal Revenue Code to replace the current tax credit for first-time homebuyers with a one-time credit for 10% of the purchase price of a principal residence, up to $15,000. Requires repayment of credit amounts if the taxpayer sells or fails to occupy the residence within 24 months after the date of purchase. H.R. 1301 - Amends Internal Revenue Code provisions allowing nonrecognition of gain from like-kind exchanges to suspend the 180-day period for completing such exchanges in cases involving exchange facilitators who have filed a bankruptcy petition. S. 2 - Middle Class Opportunity Act of 2009 - Declares that Congress should enact, and the President should sign, legislation to improve the lives of middle class families and provide them with greater opportunity to achieve the American dream by: (1) providing middle class tax relief while making the tax laws simpler and more reliable; (2) promoting investments in the new economy and enacting policies that create good, well-paying domestic jobs, and promoting families by improving the access and affordability of child and elder care; (3) enhancing the incentives and protections to help middle class families adequately meet their needs in retirement; (4) improving programs to help families acquire the education and training to be productive participants in the modern economy; (5) restoring fairness, prosperity, and economic security for working families by ensuring workers can exercise their rights to freely choose to form a union without employer interference; and (7) removing barriers to fair pay for all workers. H.R. 1560 - To make the moratorium on Internet access taxes and multiple and discriminatory taxes on electronic commerce permanent. H.R. 1629 - To amend the Internal Revenue Code of 1986 to provide penalty free distributions and loans from certain retirement plans for the purchase and refinancing of principal residences. H.R. 1632 - To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income of long-term capital gains on property purchased before the end of 2009. H.R. 1716 - To amend the Internal Revenue Code of 1986 to allow the deduction for real property taxes on the principal residences to all individuals whether or not they itemize other deductions. H.R. 1805 - To amend the Internal Revenue Code of 1986 to make permanent the deduction for State and local sales tax, the deduction for qualified tuition and related expenses, and the deduction for mortgage interest premiums, and to modify to the homebuyer credit. S. 156 - Small Business Stimulus Act of 2009 - Amends the Internal Revenue Code to: (1) extend through 2010 the increased expensing allowance for depreciable business assets; and (2) extend from two to five years the carryback period for net operating losses in 2008 or 2009. S. 201 - Amends the Internal Revenue Code to extend through 2010 the additional standard tax deduction for real property taxes for taxpayers who do not itemize their tax deductions. S. 253 - Fix Housing First Homebuyer Tax Credit Act - Amends the Internal Revenue Code to revise the tax credit for first-time homebuyers by: (1) eliminating the first-time homebuyer requirement (thus making such credit available to all homebuyers); (2) eliminating the repayment requirement for such credit except for resales of a principal residence, or failure to occupy such residence, at any time within three years of purchase; (3) exempting from the repayment requirement members of the Armed Forces who are ordered to relocate; (4) extending the period for purchasing a residence until December 31, 2009. S. 567 - Repeals the termination date in the Jobs Growth Tax Relief Reconciliation Act of 2003 for provisions reducing individual tax rates on capital gains and dividend income. C.A.R. sent a comment letter to the California Congressional delegates concerning their opposition to a proposal in the FY10 Budget that would alter the deduction rate for taxpayers in the upper tax bracket. This change would include limitations to the Mortgage Interest Deduction, property taxes, state and local taxes, and private mortgage insurance deductions.
Client expense: $300,000 · 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), Internal Revenue Service (IRS), SENATE, Treasury, Dept of
Client expense: $30,000 · Firm income: Not reported
Government targets: Environmental Protection Agency (EPA), 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