Estate Tax Relief Act of 2009

H.R. 4213 - Tax extenders legislation; H.R. 436, H.R. 2023, H.R. 3905, S. 4337 - Mutual fund tax modernization; H.R. 4853 - Extension of 2001 and 2003 tax legislation

Client expense: $1,020,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

H.R. 436 - Certain Estate Tax Relief Act of 2009; entire bill H.R. 847 - James Zadroga 9/11 Health and Compensation Act of 2010; provisions relating to possible use of workforce classification reforms as the revenue offset (P.L. 111-347, 1/2/2011) H.R. 1083 - The Business Activity Tax Simplification Act of 2009; entire bill H.R. 1935 - To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services; entire bill H.R. 2920 Statutory Pay Go Act of 2009; provisions relating to estate tax and middle class tax benefits H.R. 3408 - Taxpayer Responsibility, Accountability, and Consistency Act of 2009; provisions relating to limitation of independent contractor status for independent broker dealers H.R. 3905 Estate Tax Relief Act; entire bill H.R. 3933 - Foreign Account Tax Compliance Act of 2009; to ensure workable reporting requirements for mutual funds H.R. 4154 - Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009; entire bill H.R. 4191 - Let Wall Street Pay for the Restoration of Main Street Act of 2009; entire bill H.R. 4337 - Regulated Investment Company Modernization Act of 2009; entire bill (P.L. 111-325, 12/22/2010) H.R. 4849 - Small Business and Infrastructure Jobs Tax Act of 2010; provisions relating to small business capital gains exclusion and Build America Bonds H.R. 4853 - Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010; provisions relating to individual tax rates/estate tax and extenders, small business incentives relevant to the financial services sector H.R. 5982 Small Business Tax Relief Act of 2010; provisions relating to repeal of 1099 reporting obligations enacted in health care reform H.R. 6128 Fair Playing Field Act of 2010; provisions that would affect use of independent contractors within the securities industry S. 506 - Stop Tax Haven Abuse Act; provision relating to managed and controlled foreign entities S. 567 - A bill to repeal the sunset on the reduction of capital gains rates for individuals and on the taxation of dividends of individuals at capital gains rates; entire bill S. 651 - Compensation Fairness Act of 2009; entire bill S. 722 - Taxpayer Certainty and Relief Act of 2009; provisions relating to capital gains, dividends, and estate tax S. 1007 - Excessive Pay Capped Deduction Act of 2009; entire bill S. 2784 - A bill to amend the Internal Revenue Code of 1986 to permanently extend the estate tax as in effect in 2009; entire bill S. 2869 Small Business Job Creation and Access to Capital Act of 2009; entire bill S. 2882 - Taxpayer Responsibility, Accountability, and Consistency Act of 2009; provisions relating to independent contractors within the securities industry S. 2927 - Wall Street Fair Share Act; entire bill S. 3513 Bonus Depreciation Extension to Create Jobs Act; entire bill S. 3773 Tax Hike Prevention Act of 2010; provisions relating to capital gains dividends and estate tax S. 3786 Fair Playing Field Act; provisions that would affect use of independent contractors within the securities industry S. 3793 Job Creation and Tax Cuts Act of 2010; entire bill S. 3816 Creating American Jobs and Ending Offshoring Act; entire bill S. 3946 - Small Business Paperwork Relief Act; entire bill Administrations FY 2011 budget proposals relating to Auto IRA retirement savings initiatives, taxation of life insurance companies, international taxation, tax treatment of capital gains and dividends, independent contractor, estate tax, and Financial Crisis Responsibility Fee

Client expense: $270,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 275, To repeal the imposition of 3 percent withholding on certain payments made to vendors by government entities (as it affects government payments to telecommunications and Internet access service providers) H.R. 422, To amend the Internal Revenue Code of 1986 to extend the research credit through 2010 and to increase and make permanent the alternative simplified research credit. H.R. 690, Modernize Our Bookkeeping In the Law for Employee's Cell Phone Act of 2009 H.R. 691, Broadband Access Equality Act of 2009 H.R. 1521, Cell Tax Fairness Act of 2009 H.R. 3011, Telephone Excise Tax Repeal Act of 2009 H.R. 3905, Estate Tax Relief Act of 2009 H.R. 4486, To amend the Internal Revenue Code of 1986 to treat distributions of debt securities in a tax free spin-off transaction in the same manner as distributions of cash or other property. H.R. 4849, Small Business and Infrastructure Jobs Tax Act of 2010; provision regarding clarification of gains recognized in certain spin-off transactions H.R. 4853, Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010; provisions related to extension of dividend tax rates H.R. 5297, Small Business Jobs Act of 2010; provisions related to Bonus Depreciation and R&D tax credit H.R. 5649, Digital Goods and Services Tax Fairness Act of 2010 Issues related to Extension of Bonus Depreciation (House) Issues related to streamlined sales taxes (House) S. 47, Telephone Excise Tax Repeal Act of 2009 S. 71, Telephone Excise Tax Repeal Act of 2009 S. 144, Modernize Our Bookkeeping In the Law for Employee's Cell Phone Act of 2009 S. 292, Withholding Tax Relief Act of 2009, To repeal the imposition of 3 percent withholding on certain payments made to vendors by government entities (as it affects government payments to telecommunications and Internet access service providers) S. 1192, Mobile Wireless Tax Fairness Act of 2009 S. 1203, A bill to amend the Internal Revenue Code of 1986 to extend the research credit through 2010 and to increase and make permanent the alternative simplified research credit, and for other purposes. S. 1447, Connecting America Act of 2009 S. 3018, Bipartisan Tax Fairness and Simplification Act of 2010 S. 3513, Bonus Depreciation Extension to Create Jobs Act ; provisions related to extension of bonus depreciation and regulations related to employee cell phones Issues related to extension of current dividend and capital gains tax rates (House and Senate)

Client expense: $2,330,000 · Firm income: Not reported

Government targets: Executive Office of the President (EOP), Federal Communications Commission (FCC), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Natl Telecommunications & Information Administration (NTIA), SENATE

Estate Tax Repeal: Kyl/Lincoln Amendment to FY 2010 Budget - General Tax Issues: LIFO Accounting Method legislation included in FY 2010 Budget; H.R.4154, Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009; H.R. 3905, the Estate Tax Relief Act of 2009; the extension of current tax provisions set to expire 12/31/10, no specific legislation; H.R.4853, Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 .

Client expense: $185,000 · Firm income: Not reported

Government targets: Executive Office of the President (EOP), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Natl Highway Traffic Safety Administration (NHTSA), SENATE, Small Business Administration (SBA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

H.R. 3905 - Estate Tax Relief Act of 2009 H.R. 4853 -Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 S. 1313 - Good Samaritan Hunger Relief Tax Incentive Extension Act of 2009 S.A. 4753 - In the nature of a substitute Estate Taxes Capital Gains Tax Rates Individual Income Tax Rates Renewable Tax Incentives End of the Year Tax Legislation Medicare Contribution Tax Tax Incentives for Biodiesel and Renewable Diesel Five-year Depreciation for Farming Business Machinery and Equipment State and Local Property Taxes Conservation Easements Deductions for Qualified Tuition and Related Expenses Charitable Deductions for Food Unrelated Business Income Tax (UBIT) Short Line Railroad Track Maintenance Credit Volumetric Ethanol Excise Tax Credit Form 1099 information reporting requirements Patient Protection and Affordable Care Act Small Business Jobs Act of 2010 Alternative Minimum Tax Marriage Penalty Relief Exemption for National Health Service Corps Scholarship Program Standard Deduction Child Tax Credit

Client expense: $480,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Commodity Futures Trading Commission (CFTC), Education, Dept of, Environmental Protection Agency (EPA), Executive Office of the President (EOP), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Natl Institutes of Health (NIH), Office of Management & Budget (OMB), SENATE, Treasury, Dept of

HR 3905 - Estate Tax Relief Act of 2009, all provisions related to rural landowners, farmers & ranchers

Client expense: $80,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

reduction of the maximum federal estate tax rate and ultimate elimination of federal estate, gift and generation-skipping taxes; specific bills include H.Con.Res.85, H.R.436, H.R.498, H.R.2023, H.R.2920, H.R.3463, H.R.3524, H.R.3905, H.R.3961, H.R.4154, H.R.4849, H.R. 4853, H.R.4899, H.R.5486, S.Con.Res.13, S.722, S.2784

Client expense: Not reported · Firm income: $90,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1948, the Dental Health Promotion Act, to allow reimbursement from flexible spending accounts for certain dental products; DEA registration fees; S. 722, a general tax relief bill; H.R. 436, an estate tax relief bill; H.R. 498, a capital gans bill; H.R. 664, to make 2001 and 2003 tax relief permanent; H.R. 3841, an estate tax relief bill; H.R. 3905, an estate tax relief bill; H.R. 4154, an estate tax relief bill; H.R. 4853, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.

Client expense: $590,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Air Force, Dept of, Army, Dept of (Other), Centers For Disease Control & Prevention (CDC), Centers For Medicare and Medicaid Services (CMS), Defense, Dept of (DOD), Drug Enforcement Administration (DEA), Environmental Protection Agency (EPA), Federal Trade Commission (FTC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Health Resources & Services Administration (HRSA), Indian Health Service, Natl Institutes of Health (NIH), Navy, Dept of, Occupational Safety & Health Administration (OSHA), SENATE, State, Dept of (DOS), Substance Abuse & Mental Health Services Administration (SAMHSA), Veterans Affairs, Dept of (VA)

HR 4213 - Tax Extenders Act/American Workers, State & Business Relief Act - Inidividual and business tax relief provisions and implementation. HR 4154 - Permanent Estate Tax Relief for Families, Farmers & Small Businesses Act - Provisions of recommended estate taxes and exemptions. HR 3905 - Estate Tax Relief Act - Provisions of recommended estate taxes and exemptions. HR 4853 - Tax Relief, Unemployment Reauthorization and Job Creation Act of 2010 - Employment benefits, social secuirty and income taxes, gift and estate taxes and individual retirement accounts.

Client expense: $194,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Lobbied on entire bill of the following: H.R.275 / S.292, To repeal the imposition of 3 percent withholding on certain payments made to vendors by government entities. H.R.3408, the Taxpayer Responsibility, Accountability, and Consistency Act of 2009 H.R.6097, American Job Builders Tax Reform Act of 2010 Tracking issues related to the individual Alternative Minimum Tax (AMT) and the federal estate tax; entire bills of the following: H.R. 3905, Estate Tax Relief Act of 2009 H.R.4154, Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009 H.R.4853, Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

Client expense: Not reported · Firm income: $20,000

Government targets: Defense, Dept of (DOD), HOUSE OF REPRESENTATIVES, SENATE

H.R. 998 Policyholder Disaster Protection Act of 2009 (all provisions) Small Business Tax Issues (generally) Estate Tax Reform (generally) H.R. 308 Hurricane and Tornado Mitigation Investment Act of 2009 (all provisions) Extension of Income, Capital Gains and Dividend Tax Reforms (generally) H. Con. Res. 85 Congressional Budget for FY 2010 (tax provisions) S. 996-S-Corporation Modernization Act of 2009 (all provisions) H.R. 2910-S-Corporation Modernization Act of 2009 (all provisions) H.R. 4145- Permanent Estate Tax Relief for Families, Farmers and Small Buisnesses Act of 2009 (all provisions) S. Con. Res. 13- Senate Budget Resolution (tax provisions) H.R. 3424 Amends the Internal Revenue Code to deny a tax deduction for excess reinsurance premiums (all provisions) S. 3773 Tax Hike Prevention Act of 2010 (all provisions) S. 3578 Small Business Paperwork Mandate Elimination Act of 2010 (tax provisions) H.R. 5141 Small Business Paperwork Mandate Elimination Act of 2010 (tax provisions) H.R. 3905 Estate Tax Relief Act of 2009 (all provisions) H.R. 4853 Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (tax provisions) Senate Amendment 4753- Motion to amend H.R. 4853 (tax provision) S. 3946 Small Business Paperwork Relief Act (all provisions) S. 3307 Healthy, Hunger-Free Kids Act of 2010 (1099 tax provisions) H.R. 5297 Small Business Jobs & Credit Act (1099 tax provisions)

Client expense: $290,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Natl Economic Council (NEC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

HR 5141; HR 5982; S 3578 - repeal onerous new requirements for filing on 1099 forms; strongly support these repeal efforts HR 436, HR 498, HR 1960, HR 1986, HR 2023, HR 2658, HR 3463,HR 3841, HR 3905, HR 4015, HR 4035, HR 4154, HR 5475, S 722, S 2784, and S 3533 - various bills to extend, repeal, or make changes to the federal estate tax; Issue: need for certainty for our customers re the estate tax HR 4583 - Tax Relief, UI Reauthorization and Job Creation Act of 2010; issues; estate tax clarity, various tax extenders for businesses, repeal of S. 9006 (1099 reporting requirement) HR 5297 - Small business Jobs Act; Issue - unsuccessful attempt to repeal 1099 reporting provision by amendment HR 3424 - Disallow deduction for non-taxed reinsurance premiums; Issue: impact on reinsurance market

Client expense: $50,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Green Roofing Energy Efficiency Tax Act, HR 5396. Homeowner Energy-Efficiency Tax Credit (Sec. 25C, Internal Revenue Code), HR 4853. The Estate Tax Relief Act of 2009, HR 3905. Sen. Kyl/Sen. Lincoln estate tax reform language, HR 4853.

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Last-in, First-out (LIFO) Inventory Valuation Accounting Method; H.R.4154, Permanent Estate Tax Relief; H.R.3905, Estaet Tax Relief; H.R.3548, Worker Homeownership & Business Assistance Act; H.R.436, Certain Estate Tax Relief Act; 3% tax withholding law in Section 511 of the Tax Increase Prevention Act; general Federal Tax Policy; Interpretation of Federal tax law that views expenses incurred in contingency fee litigation as nondeductible loans to clients

Client expense: $143,382 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), SENATE, Treasury, Dept of, White House Office

Family Farm Preservation and Conservation Estate Tax Act (HR 3524); Death Tax Repeal Permanency Act of 2009 (HR 3463); Estate Tax Relief Act of 2009 (HR 3905).

Client expense: $170,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), SENATE, U.S. Trade Representative (USTR)

H.R. 25 - Fair Tax Act of 2009 Legislation to abolish the Internal Revenue Service and enact a national retail sales tax. NSBA supported. H.R. 275 - Withholding Tax Relief Act of 2009 A bill to repeal the mandatory three-percent withholding requirement on all payments for goods and services made to federal, state and local contractors. NSBA supported. H.R. 933 Family-Friendly Workplace Act of 2009 To amend the Fair Labor Standards Act of 1938 to provide compensatory time for employees in the private sector. NSBA supported. H.R. 946 - The Plain Language Act of 2009 Bill would establish plain language as the standard style for Government documents issued to the public, and for other purposes. NSBA supported. H.R. 1409 - Employee Free Choice Act of 2009 To amend the National Labor Relations Act to establish an efficient system to enable employees to form, join, or assist labor organizations, to provide for mandatory injunctions for unfair labor practices during organizing efforts, and for other purposes. NSBA opposed. H.R. 1470 - Equity for Our Nations Self-Employed Act of 2009 The bill would allow self-employed individuals to fully-deduct the cost of their health insurance, thus eliminating the self-employed tax on health care. NSBA supported. H.R. 2151 Fair Pay Act To amend the Fair Labor Standards Act of 1938 to prohibit discrimination in the payment of wages on account of sex, race, or national origin, and for other purposes. NSBA is monitoring this legislation. H.R. 2460 Healthy Families Act Requires certain employers, who employ 15 or more employees for each working day during 20 or more workweeks a year, to permit each employee to earn at least one hour of paid sick time for every 30 hours worked. NSBA opposed. H.R. 2965 Enhancing Small Business Research and Innovation Act of 2009 Bill would amend and reauthorize the Small Business Act with respect to the Small Business Innovation Research Program and the Small Business Technology Transfer Program. NSBA opposed. H.R. 3032 The Climate Change Center and Clearinghouse Act of 2009 Bill would establish within the SBA an Office of Environment, Energy, and Climate Change and a Climate Change Center and Clearinghouse to provide support and information on climate change to small businesses. NSBA supported. H.R. 3380 Promoting Lending to Americas Small Business Act Bill would amend the Federal Credit Union Act to advance the ability of credit unions to promote small business growth and economic development opportunities, and for other purposes. NSBA supported. H.R. 3457 Small Business Credit Card Act of 2009 Bill would amend the Truth in Lending Act to provide coverage under such Act for credit cards issued to small businesses, and for other purposes. NSBA supported. H.R. 3615 - Home Office Tax Deduction Act of 2009 It amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business a standard tax deduction equal to the lesser of $1,500 or the taxpayer's gross trade or business income derived from the business use of such residence. NSBA supported. H.R. 3905 - The Estate Tax Relief Act of 2009 Bill increases the estate tax exemption level to $5 million, and reduces the rate to 35 percent, both phased-in over ten years. NSBA supported. H.R. 4067 The Business Checking Fairness Act Bill would authorize interest-bearing transaction accounts at depository institutions. NSBA supported. H.R. 4213 Tax Extenders Act of 2009 The bill would extend the research and development tax credit, the deduction for state sales and real property taxes, an exception for Subpart F active financing income, and the deduction allowed for teachers who purchase their own classroom supplies. NSBA supported. H.R. 4302 The Small Business Job Creation and Access to Capital Act Bill would increase loan limits for small business concerns, to provide for low interest refinancing for small business concerns. NSBA supported. H.R.4549 the Small Business Innovation to Job Creation Act of 2010 Bill would authorize the Administrator of the Small Business Administration to make grants to small business concerns to assist the commercialization of research developed with funds received under the second phase of the Small Business Innovation Research Program. NSBA supported. H.R. 4855 Work-Life Balance Awards Act of 2010 To establish the Work-Life Balance Award for employers that have developed and implemented work-life balance policies. NSBA is monitoring this legislation. H.R. 4936 The Faster Access and Shorter Transaction Time for Checks Act Bill would make funds deposited in large depository institutions available more quickly to account holders. NSBA supported. H.R. 5107 Employee Misclassification Prevention Act of 2010 To amend the Fair Labor Standards Act of 1938 to require persons to keep records of non-employees who perform labor or services for remuneration and to provide a special penalty for persons who misclassify employees as non-employees, and for other purposes. NSBA opposed. H.R. 5141 - Small Business Paperwork Mandate Elimination Act Repeal section 9006 of the Patient Protection and Affordable Care Act (PPACA) that requires any business that purchases more than $600 of goods or services from another business to submit a 1099 form to the Internal Revenue Service (IRS). NSBA supported. H.R.5193 The Startup Visa Act Bill would establish an employment-based immigrant visa for alien entrepreneurs who have received significant capital from investors to establish a business in the United States. NSBA supported. H. R. 5249 The Capital Access for Main Street Act of 2010 Bill would provide amortization authority in certain situations, for purposes of capital calculation under the Financial Institutions Examination Council's Consolidated Reports of Condition and Income. NSBA supported. H.R. 5297 The Small Business Jobs Act of 2010 Bill would create a Small Business Lending Fund Program amend the Internal Revenue Code of 1986 to provide tax incentives for small business job creation. NSBA supported. H.R.5411 The Early-Stage Business Investment and Incubation Act Bill would establish an early-stage business investment and incubation grant program at the Department of Commerce. NSBA supported. H.R.5412 - The Small Business Asset Investment and Modernization (AIM) Act Bill would allow qualified small-business owners to refinance their existing debt through Fiscal Year 2012 through the SBA 504 lending program. NSBA supported. H.R. 5486 Small Business Jobs Tax Relief Act of 2010 Bill amends the Internal Revenue Code of 1986 to provide tax incentives for small business job creation. NSBA supported. H.R. 5982 Small Business Tax Relief Act of 2010 Bill repeals the provision of the Patient Protection and Affordable Care Act that amends the Internal Revenue Code to apply to corporations reporting requirements for payments of $600 or more to persons engaged in a trade or business. NSBA supported. S. 292 - Withholding Tax Relief Act of 2009 A bill to repeal the mandatory three-percent withholding requirement on all payments for goods and services made to federal, state and local contractors. NSBA supported. S. 296 Fair Tax Act of 2009 Legislation to abolish the Internal Revenue Service and enact a national retail sales tax on the use or consumption in the United States of taxable property or services. It sets the sales tax rate at 23 percent in 2011, with adjustments to the rate in subsequent years. NSBA supported. S. 515 The Patent Reform Act of 2009 Bill would reform U.S. patent system. NSBA opposed. S. 560 Employee Free Choice Act of 2009 To amend the National Labor Relations Act to establish an efficient system to enable employees to form, join, or assist labor organizations, to provide for mandatory injunctions for unfair labor practices during organizing efforts, and for other purposes. NSBA opposed. S. 574 - Plain Writing Act of 2009 Bill would establish plain language as the standard style for Government documents issued to the public, and for other purposes. NSBA supported. S. 725 - Equity for Our Nations Self-Employed Act of 2009 The bill would allow self-employed individuals to fully-deduct the cost of their health insurance, thus eliminating the self-employed tax on health care. NSBA supported. S. 904 Fair Pay Act To amend the Fair Labor Standards Act of 1938 to prohibit discrimination in the payment of wages on account of sex, race, or national origin, and for other purposes. NSBA is monitoring this legislation. S. 988 SIMPLE Cafeteria Plan Act of 2009 Bill would update the tax code to allow small business employees to purchase employer-provided health insurance with pre-tax dollars. It also strengthens current law for all cafeteria plans by expanding dependent flexible spending accounts (DCFSA) and including coverage for long-term care benefits. NSBA has not taken a position on the legislation. S. 1152 Healthy Families Act Requires certain employers, who employ 15 or more employees for each working day during 20 or more workweeks a year, to permit each employee to earn at least one hour of paid sick time for every 30 hours worked. NSBA opposed. S. 1233 SBIR/STTR Reauthorization Act of 2009 Bill would reauthorize and improve the SBIR and STTR programs. NSBA supported. S. 1615 Next Step for Main Street Credit Availability Act of 2009 Bill would amend the Small Business Act and the Small Business Investment Act of 1958 to stop the small business credit crunch, and for other purposes. NSBA supported. S. 1617 The Investments for Manufacturing Progress and Clean Technology (IMPACT) Act Bill would require the Secretary of Commerce to establish a program for the award of grants to states to establish revolving loan funds for small and medium-sized manufacturers to improve energy efficiency and produce clean energy technology. NSBA supported. S. 1754 - Home Office Deduction Simplification Act of 2009 It amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business a standard tax deduction equal to the lesser of $1,500 or the taxpayer's gross trade or business income derived from the business use of such residence. NSBA supported. S. 2784 Carper-Voinovich Estate Tax Proposal Bill would freeze the estate tax at the 2009 levelsany estate above $7 million per couple or $3.5 million per individual would be taxed at a 45 percent rate. NSBA supports permanent reform of the estate tax. S. 2919 The Small Business Lending Enhancement Act Bill would amend the Federal Credit Union Act to advance the ability of credit unions to promote small business growth and economic development opportunities. NSBA supported. S. 3018 Bipartisan Tax Fairness and Simplification Act of 2010 A comprehensive tax reform legislation with provisions consolidating tax brackets for individuals and businesses while at the same time lowering federal tax obligations, in part through a single, flat 24 percent corporate rate. NSBA supported. S. 3024 Job Impact Analysis Act of 2010 Bill to ensure that the creation of jobs by small businesses is considered during the Federal legislative and rulemaking process. NSBA supported. S. 3029 The Startup Visa Act Bill would establish an employment-based immigrant visa for alien entrepreneurs who have received significant capital from investors to establish a business in the United States. NSBA supported. S. 3089 Small Business Patent Data Collection Act of 2010 Bill would require a study and report by the Office of Advocacy of the Small Business Administration regarding the effects of proposed changes in patent law. NSBA opposed. S. 3254 Employee Misclassification Prevention Act of 2010 To amend the Fair Labor Standards Act of 1938 to require persons to keep records of non-employees who perform labor or services for remuneration and to provide a special penalty for persons who misclassify employees as non-employees, and for other purposes. NSBA opposed. S.3533 Responsible Estate Tax Act The bill will permanently fix the estate tax by combining the 2009 exemption levels with progressive rates for larger estates, including a new billionaires surtax. NSBA supports permanent reform of the estate tax. S. 3578 - Small Business Paperwork Mandate Elimination Act Repeal section 9006 of the Patient Protection and Affordable Care Act (PPACA) that requires any business that purchases more than $600 of goods or services from another business to submit a 1099 form to the Internal Revenue Service (IRS). NSBA supported. S. 3772 Paycheck Fairness Act To amend the Fair Labor Standards Act of 1938 to provide more effective remedies to victims of discrimination in the payment of wages on the basis of sex, and for other purposes. NSBA is opposed. S. 3783 Information Reporting Modernization Act of 2010 Bill amends the Internal Revenue Code to increase from $600 to $5,000 the threshold amount for reporting to the Internal Revenue Service (IRS) payments made to corporations. It also adjusts such increased amount for inflation, beginning after 2012. NSBA is monitoring this legislation. S. 3793 The Job Creation and Tax Cuts Act Bill would extend expired business and individual tax provisions including the research and development tax credit, through the end of 2010. NSBA supported. S. 3932 Comprehensive Immigration Reform Act of 2010 A bill to provide comprehensive immigration reform, and for other purposes. NSBA is monitoring this legislation. S. 4757 Health Insurance Rate Authority Act of 2010 To provide for the establishment of a Health Insurance Rate Authority to establish limits on premium rating, and for other purposes. NSBA is monitoring this legislation. Agency Comments on Patient Protection and Affordable Care Act NSBA filed comments with the Department of Health and Human Resources on the interim final rules for grandfathered health plans and the request for comments on American Health Benefits Exchanges.

Client expense: $55,000 · Firm income: Not reported

Government targets: Centers For Medicare and Medicaid Services (CMS), Commerce, Dept of (DOC), Energy, Dept of, Environmental Protection Agency (EPA), Export-Import Bank of the United States (EXIM Bank), Federal Reserve System, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

Estate Taxes and the impact on agricultural operations H.R. 3905, the Estate Tax Relief Act of 2009 H.R. 5297, the Small Business Jobs Act of 2010

Client expense: $30,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 4213 - Tax extenders legislation; H.R. 436, H.R. 2023, H.R. 3905, S. 722 - Estate and gift tax; S. 4337 - Mutual fund tax modernization; Financial Crisis Responsibility Fee

Client expense: $660,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

reduction of the maximum federal estate tax rate and ultimate elimination of federal estate, gift and generation-skipping taxes; specific bills include H.Con.Res.85, H.R.436, H.R.498, H.R.2023, H.R.2920, H.R.3463, H.R.3524, H.R.3905, H.R.3961, H.R.4154, H.R.4849, H.R.4899, H.R.5486, S.Con.Res.13, S.722, S.2784

Client expense: Not reported · Firm income: $70,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues affecting the taxation of small businesses, Estate Tax Reform, and employee benefits: H.R. 3905, the Estate Tax Relief Act of 2009; H.R. 4514, the Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009; H.R. 3905, the Estate Tax Relief Act of 2009; H.R. 5486, the Small Business Jobs Tax Relief Act of 2010; H.R. 4213, the American Jobs and Closing Tax Loopholes Act of 2010; and S. 3793, the Job Creation and Tax Cuts Act.

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 3905, "Estate Tax Relief Act of 2009", entire bill; Lincoln/Kyl Senate estate tax proposal; extension of personal tax rates; H.R.6312, "Heavy Truck Tax Fairness Act of 2010"; medium and heavy-duty truck incentive proposals; H.R. 5141/S. 3578, "Small Business Paperwork Mandate Elimination Act", entire bill, S. Amdt. 4595/S. Amdt. 4596 to H.R. 5297, 1099 tax-form requirement; H.R. 5297, "Small Business Jobs Act of 2010", Section 2022, extension of bonus depreciation, Expansion of idling reduction device exemption from federal excise tax; Last-In, First-Out accounting method; S. 3793, "Job Creation and Tax Cuts Act of 2010", Section 258, unrelated business income tax provision extension; H.R. 2024/S. 1582, "Commercial Motor Vehicle Advanced Safety Technology Tax Act of 2009", entire bill; H.R. 3383, "Idling Reduction Tax Credit Act of 2009", entire bill; H.R. 3367, "Heavy Duty Hybrid Truck Incentives Improvement Act of 2009", entire bill; Tax transitional provisions for terminated dealerships.

Client expense: $970,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 4213 - Tax extenders legislation; H.R. 436, H.R. 2023, H.R. 3905, S. 722 - Estate and gift tax; S. 4337 - Mutual fund tax modernization; Financial Crisis Responsibility Fee

Client expense: $660,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

H.R. 275, To repeal the imposition of 3 percent withholding on certain payments made to vendors by government entities (as it affects government payments to telecommunications and Internet access service providers) H.R. 422, To amend the Internal Revenue Code of 1986 to extend the research credit through 2010 and to increase and make permanent the alternative simplified research credit. H.R. 436, Certain Estate Tax Relief Act of 2009 H.R. 690, Modernize Our Bookkeeping In the Law for Employee's Cell Phone Act of 2009 H.R. 691, Broadband Access Equality Act of 2009 H.R. 1521, Cell Tax Fairness Act of 2009 H.R. 3011, Telephone Excise Tax Repeal Act of 2009 H.R. 3905, Estate Tax Relief Act of 2009 H.R. 4213, Tax Extenders Act of 2009; extension of the R&D credit, provision regarding clarification of gains recognized in certain spin-off transactions, and recission of broadband stimulus funds H.R. 4486, To amend the Internal Revenue Code of 1986 to treat distributions of debt securities in a tax free spin-off transaction in the same manner as distributions of cash or other property. H.R. 4849, Small Business and Infrastructure Jobs Tax Act of 2010; provision regarding clarification of gains recognized in certain spin-off transactions H.R. 5649, Digital Goods and Services Tax Fairness Act of 2010 Issues related to Extension of Bonus Depreciation (House) Issues related to streamlined sales taxes (House) S. 47, Telephone Excise Tax Repeal Act of 2009 S. 71, Telephone Excise Tax Repeal Act of 2009 S. 144, Modernize Our Bookkeeping In the Law for Employee's Cell Phone Act of 2009 S. 292, Withholding Tax Relief Act of 2009, To repeal the imposition of 3 percent withholding on certain payments made to vendors by government entities (as it affects government payments to telecommunications and Internet access service providers) S. 1192, Mobile Wireless Tax Fairness Act of 2009 S. 1203, A bill to amend the Internal Revenue Code of 1986 to extend the research credit through 2010 and to increase and make permanent the alternative simplified research credit, and for other purposes. S. 1447, Connecting America Act of 2009 S. 3018, Bipartisan Tax Fairness and Simplification Act of 2010 S. 3513, Bonus Depreciation Extension to Create Jobs Act ; provisions related to extension of bonus depreciation and regulations related to employee cell phones Issues related to extension of current dividend and capital gains tax rates (House and Senate)

Client expense: $1,680,000 · Firm income: Not reported

Government targets: Federal Communications Commission (FCC), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Natl Telecommunications & Information Administration (NTIA), SENATE

The association monitors and reacts to policy concepts that may impact the ability of its members to function in an operationally sound and successful manner. During the reporting period the association focused on the following introduced bills. HR 3905 Estate tax relief act of 2009 all sections.

Client expense: $130,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Estate Tax Repeal: Kyl/Lincoln Amendment to FY 2010 Budget - General Tax Issues: LIFO Accounting Method legislation included in FY 2010 Budget; H.R.4154, Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009; H.R. 3905, the Estate Tax Relief Act of 2009; the extension of current tax provisions set to expire 12/31/10, no specific legislation.

Client expense: $165,000 · Firm income: Not reported

Government targets: Executive Office of the President (EOP), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Natl Highway Traffic Safety Administration (NHTSA), SENATE, Small Business Administration (SBA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

H.R. 436 - Certain Estate Tax Relief Act of 2009; entire bill H.R. 1083 - The Business Activity Tax Simplification Act of 2009; entire bill H.R. 1265 - Stop Tax Haven Abuse Act; provisions relating to management and control of foreign corporations H.R. 1586 FAA Air Transportation Modernization and Safety Improvement Act; provisions relating to taxation of foreign operations H.R. 1935 - To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services; entire bill H.R. 2920 Statutory Pay Go Act of 2009; provisions relating to estate tax and middle class tax benefits H.R. 3408 - Taxpayer Responsibility, Accountability, and Consistency Act of 2009; provisions relating to limitation of independent contractor status for independent broker dealers H.R. 3905 Estate Tax Relief Act; entire bill H.R. 3933 - Foreign Account Tax Compliance Act of 2009; to ensure workable reporting requirements for mutual funds H.R. 4154 - Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009; entire bill H.R. 4191 - Let Wall Street Pay for the Restoration of Main Street Act of 2009; entire bill H.R. 4213 - American Workers, State, and Business Relief Act of 2010; provisions relating to tax extenders, carried interest, and fee disclosures H.R. 4337 - Regulated Investment Company Modernization Act of 2009; provisions relating to mutual funds H.R. 4849 - Small Business and Infrastructure Jobs Tax Act of 2010; provisions relating to small business capital gains exclusion and Build America Bonds H.R. 4899 Supplemental Appropriations Act, 2010; provisions related to GRATS H.R. 5297 Small Business Lending Fund Act of 2010; provisions relating to taxes affecting small business, partial annuitization, and expansion of Roth conversions H.R. 5486 Small Business Jobs Tax Relief Act of 2010; provisions relating to small business investment incentives and grantor retained annuity trust H.R. 5982 Small Business Tax Relief Act of 2010; provisions relating to repeal of 1099 reporting obligations enacted in health care reform H.R. 6128 Fair Playing Field Act of 2010; provisions that would affect use of independent contractors within the securities industry S. 506 - Stop Tax Haven Abuse Act; provision relating to managed and controlled foreign entities S. 567 - A bill to repeal the sunset on the reduction of capital gains rates for individuals and on the taxation of dividends of individuals at capital gains rates; entire bill S. 651 - Compensation Fairness Act of 2009; entire bill S. 722 - Taxpayer Certainty and Relief Act of 2009; provisions relating to capital gains, dividends, and estate tax S. 1007 - Excessive Pay Capped Deduction Act of 2009; entire bill S. 2784 - A bill to amend the Internal Revenue Code of 1986 to permanently extend the estate tax as in effect in 2009; entire bill S. 2869 Small Business Job Creation and Access to Capital Act of 2009; entire bill S. 2882 - Taxpayer Responsibility, Accountability, and Consistency Act of 2009; provisions relating to independent contractors within the securities industry S. 2927 - Wall Street Fair Share Act; entire bill S. 3513 Bonus Depreciation Extension to Create Jobs Act; entire bill S. 3773 Tax Hike Prevention Act of 2010; provisions relating to capital gains dividends and estate tax S. 3786 Fair Playing Field Act; provisions that would affect use of independent contractors within the securities industry S. 3793 Job Creation and Tax Cuts Act of 2010; entire bill S. 3816 Creating American Jobs and Ending Offshoring Act; entire bill Administrations FY 2011 budget proposals relating to Auto IRA retirement savings initiatives, taxation of life insurance companies, international taxation, tax treatment of capital gains and dividends, independent contractor, estate tax, and Financial Crisis Responsibility Fee

Client expense: $580,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1948, the Dental Health Promotion Act, to allow reimbursement from flexible spending accounts for certain dental products; DEA registration fees; S. 722, a general tax relief bill; H.R. 436, an estate tax relief bill; H.R. 498, Capital Gains and Estate Tax Relief Act of 2009; H.R. 664, Economic Stimulus Enhancement and Tax Relief Permanency Act of 2009, to make 2001 and 2003 tax relief permanent; H.R. 3841, Small Business and Family Farm Estate Tax Relief Act of 2009; H.R. 3905, To amend the Internal Revenue Code of 1986 to repeal the 1-year termination of the estate tax, to increase the estate and gift tax unified credit, and to coordinate a reduction in the maximum rate of tax with a phaseout of the deduction for State death taxes; H.R. 4154, Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009.

Client expense: $630,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Air Force, Dept of, Army, Dept of (Other), Centers For Disease Control & Prevention (CDC), Centers For Medicare and Medicaid Services (CMS), Defense, Dept of (DOD), Drug Enforcement Administration (DEA), Environmental Protection Agency (EPA), Federal Trade Commission (FTC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Health Resources & Services Administration (HRSA), Indian Health Service, Natl Institutes of Health (NIH), Navy, Dept of, Occupational Safety & Health Administration (OSHA), SENATE, State, Dept of (DOS), Substance Abuse & Mental Health Services Administration (SAMHSA), Veterans Affairs, Dept of (VA)

HR 4154 - Permanent Estate Tax Relief for Families, Farmers and Small Businesses Act - Provisions of recommended estate taxes and exemptions. HR 3905 - Estate Tax Relief Act - Provisions of recommended estate taxes and exemptions. HR 1961 - Savings for American Families Future Act of 2009 - Expansion of the saver's credit & federal matching contributions. HR 4677 - Protecting Employees and Retirees in Business Bankruptcies Act - Provisions regarding increased cost of Chapter 11 bankruptcies. HR 4849 - Small Business and Infrastructure Jobs Tax Act of 2010 - Job creation corporate tax incentive provisions.

Client expense: $139,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Green Roofing Energy Efficiency Tax Act, HR 5396. Homeowner Energy-Efficiency Tax Credit (Sec. 25C, Internal Revenue Code) The Estate Tax Relief Act of 2009, HR 3905. Sen. Kyl/Sen. Lincoln estate tax reform proposal.

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 998 Policyholder Disaster Protection Act of 2009 (all provisions) Small Business Tax Issues (generally) Estate Tax Reform (generally) H.R. 308 Hurricane and Tornado Mitigation Investment Act of 2009 (all provisions) Extension of Income, Capital Gains and Dividend Tax Reforms (generally) H. Con. Res. 85 Congressional Budget for FY 2010 (tax provisions) S. 996-S-Corporation Modernization Act of 2009 (all provisions) H.R. 2910-S-Corporation Modernization Act of 2009 (all provisions) H.R. 4145- Permanent Estate Tax Relief for Families, Farmers and Small Buisnesses Act of 2009 (all provisions) S. Con. Res. 13- Senate Budget Resolution (tax provisions) H.R. 3424 Amends the Internal Revenue Code to deny a tax deduction for excess reinsurance premiums (all provisions) S. 3773 Tax Hike Prevention Act of 2010 (all provisions) S. 3578 Small Business Paperwork Mandate Elimination Act of 2010 (tax provisions) H.R. 5141 Small Business Paperwork Mandate Elimination Act of 2010 (tax provisions) H.R. 3905 Estate Tax Relief Act of 2009 (all provisions)

Client expense: $280,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Natl Economic Council (NEC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

Lobbied on entire bill of the following: H.R.275 / S.292, To repeal the imposition of 3 percent withholding on certain payments made to vendors by government entities. H.R.3408, the Taxpayer Responsibility, Accountability, and Consistency Act of 2009 H.R.6097, American Job Builders Tax Reform Act of 2010 Tracking issues related to the individual Alternative Minimum Tax (AMT) and the federal estate tax; entire bills of the following: H.R. 3905, Estate Tax Relief Act of 2009 H.R.4154, Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009

Client expense: Not reported · Firm income: $20,000

Government targets: Defense, Dept of (DOD), HOUSE OF REPRESENTATIVES, SENATE

Estate tax repeal; H.R. 1083, the Business Activity Tax Simplification Act (BATSA); H.R. 2672/S. 3818, the Help Veterans Own Franchises Act; H.R. 273, 15-year depreciation schedule for restaurants; H.R. 4154, Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act; H.R. 3905, the Estate Tax Relief Act; H.R. 4306/S. 3510, permanently extend 15 year depreciation for restaurants/retail; H.R. 5141/S. 3578, Small Business Paperwork Mandate Elimination Act Extend expiring tax relief enacted in 2001/2003 for all taxpayers 401(k) rollovers for business start up financing

Client expense: $150,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Occupational Safety & Health Administration (OSHA), SENATE, Small Business Administration (SBA), Treasury, Dept of, Veterans Affairs, Dept of (VA), White House Office

Support the Green Roofing Energy Efficiency Tax Act (H.R. 426 and H.R. 5396) Support Estate Tax Relief (H.R. 3905) and amendment by Senators Kyl and Lincoln. Support extension of 2001/2003 tax rates on individual income, capital gains and dividends (S. 3773) Support Johanns amendment in Senate to repeal Form 1099 requirement (S. 3578 and H.R. 5141)

Client expense: $150,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Treasury, Dept of

HR 3424 - Disallow deduction for non-taxed reinsurance premiums; Issue: impact on reinsurance market HR 436, HR 498, HR 1960, HR 1986, HR 2023, HR 2658, HR 3463,HR 3841, HR 3905, HR 4015, HR 4035, HR 4154, HR 5475, S 722, S 2784, and S 3533 - various bills to extend, repeal, or make changes to the federal estate tax; Issue: need for certainty for our customers re the estate tax HR 3399 - Consolidated Returns; Issue: need to permit consolidation of tax returns for life and non-life insurance companies HR 5141; HR 5982; S 3578 - repeal onerous new requirements for filing on 1099 forms; strongly support these repeal efforts HR 2748/S 1297 - Retirement Security Needs Lifetime Pay Act; Issue: use tax code to encourage lifetime income payments

Client expense: $110,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S. 722 - A bill to amend the Internal Revenue Code of 1986 to provide for permanent alternative minimum tax relief, middle class tax relief, and estate tax relief, and to permanently extend certain expiring provisions, and for other purposes. H.R. 3905 - To amend the Internal Revenue Code of 1986 to repeal the 1-year termination of the estate tax, to increase the estate and gift tax unified credit, and to coordinate a reduction in the maximum rate of tax with a phaseout of the deduction for State death taxes. H.R. 4154 - To amend the Internal Revenue Code of 1986 to repeal the new carryover basis rules in order to prevent tax increases and the imposition of compliance burdens on many more estates than would benefit from repeal, to retain the estate tax with a $3,500,000 exemption, to reinstitute and update the Pay-As-You-Go requirement of budget neutrality on new tax and mandatory spending legislation, enforced by the threat of annual, automatic sequestration, and for other purposes. H.R. 4213 - To amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes.

Client expense: Not reported · Firm income: $60,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 25 - Fair Tax Act of 2009 Legislation to abolish the Internal Revenue Service and enact a national retail sales tax. NSBA supported. H.R. 275 - Withholding Tax Relief Act of 2009 A bill to repeal the mandatory three-percent withholding requirement on all payments for goods and services made to federal, state and local contractors. NSBA supported. H.R. 627The Credit CARD Act of 2009 Bill would amend the Truth in Lending Act to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan. NSBA supported. H.R. 933 Family-Friendly Workplace Act of 2009 To amend the Fair Labor Standards Act of 1938 to provide compensatory time for employees in the private sector. NSBA supported. H.R. 946 - The Plain Language Act of 2009 Bill would establish plain language as the standard style for Government documents issued to the public, and for other purposes. NSBA supported. H.R. 1409 - Employee Free Choice Act of 2009 To amend the National Labor Relations Act to establish an efficient system to enable employees to form, join, or assist labor organizations, to provide for mandatory injunctions for unfair labor practices during organizing efforts, and for other purposes. NSBA opposed. H.R. 1470 - Equity for Our Nations Self-Employed Act of 2009 The bill would allow self-employed individuals to fully-deduct the cost of their health insurance, thus eliminating the self-employed tax on health care. NSBA supported. H.R. 2151 Fair Pay Act To amend the Fair Labor Standards Act of 1938 to prohibit discrimination in the payment of wages on account of sex, race, or national origin, and for other purposes. NSBA is monitoring this legislation. H.R. 2382 Credit Card Interchange Fees Act Bill would amend the Truth in Lending Act to prohibit unfair practices in electronic payment system networks, and for other purposes. NSBA supported. H.R. 2460 Healthy Families Act Requires certain employers, who employ 15 or more employees for each working day during 20 or more workweeks a year, to permit each employee to earn at least one hour of paid sick time for every 30 hours worked. NSBA opposed. H.R. 2910 S Corporation Modernization Act of 2009 To provide permanent relief, the bill would allow S corporations to liquidate unproductive assets after seven yearsfreeing up capital to be used to grow the business and create jobs. NSBA supported. H.R. 2965 Enhancing Small Business Research and Innovation Act of 2009 Bill would amend and reauthorize the Small Business Act with respect to the Small Business Innovation Research Program and the Small Business Technology Transfer Program. NSBA opposed. H.R. 3032 The Climate Change Center and Clearinghouse Act of 2009 Bill would establish within the SBA an Office of Environment, Energy, and Climate Change and a Climate Change Center and Clearinghouse to provide support and information on climate change to small businesses. NSBA supported. H.R. 3380 - Promoting Lending to America's Small Business Act Bill would amend the Federal Credit Union Act to advance the ability of credit unions to promote small business growth and economic development opportunities, and for other purposes. NSBA supported. H.R. 3457 Small Business Credit Card Act of 2009 Bill would amend the Truth in Lending Act to provide coverage under such Act for credit cards issued to small businesses, and for other purposes. NSBA supported. H.R. 3615 - Home Office Tax Deduction Act of 2009 It amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business a standard tax deduction equal to the lesser of $1,500 or the taxpayer's gross trade or business income derived from the business use of such residence. NSBA supported. H.R. 3639 - Expedited CARD Reform for Consumers Act of 2009 Bill would amend the Credit CARD Act of 2009 to establish an earlier effective date for various consumer protections, and for other purposes. NSBA supported. H.R. 3721 Protecting Older Workers Against Discrimination Act The bill amends the Age Discrimination in Employment Act of 1967 to clarify the appropriate standard of proof. NSBA is monitoring. H.R. 3905 The Estate Tax Relief Act of 2009 Bill increases the estate tax exemption level to $5 million, and reduces the rate to 35 percent, both phased-in over ten years. NSBA supported. H.R. 4067 The Business Checking Fairness Act Bill would authorize interest-bearing transaction accounts at depository institutions. NSBA supported. H.R. 4213 Tax Extenders Act of 2009 The bill would extend the research and development tax credit, the deduction for state sales and real property taxes, an exception for Subpart F active financing income, and the deduction allowed for teachers who purchase their own classroom supplies. NSBA supported. H.R. 4302 The Small Business Job Creation and Access to Capital Act Bill would increase loan limits for small business concerns, to provide for low interest refinancing for small business concerns. NSBA supported. H.R. 4321 Comprehensive Immigration Reform ASAP Act of 2009 A bill to provide for comprehensive immigration reform by providing a path the citizenship for non-documented individuals through the establishment of a set of criteria. In addition, the bill addresses border security and employee legality. NSBA has advocated for provisions that would protect small businesses against overly burdensome regulations resulting from mandates on small businesses. NSBA continues to monitor developments and advocate with staff the potential for unintended consequences resulting from immigration legislation to small businesses. H.R.4549 the Small Business Innovation to Job Creation Act of 2010 Bill would authorize the Administrator of the Small Business Administration to make grants to small business concerns to assist the commercialization of research developed with funds received under the second phase of the Small Business Innovation Research Program. NSBA supported. H.R. 4855 Work-Life Balance Awards Act of 2010 To establish the Work-Life Balance Award for employers that have developed and implemented work-life balance policies. NSBA is monitoring this legislation. H.R. 5107 - Employee Misclassification Prevention Act of 2010 To amend the Fair Labor Standards Act of 1938 to require persons to keep records of non-employees who perform labor or services for remuneration and to provide a special penalty for persons who misclassify employees as non-employees, and for other purposes. NSBA opposed. H.R. 5141 - Small Business Paperwork Mandate Elimination Act Repeals section 9006 of the Patient Protection and Affordable Care Act (PPACA) that requires any business that purchases more than $600 of goods or services from another business to submit a 1099 form to the Internal Revenue Service (IRS). NSBA supported. H.R. 5297 The Small Business Jobs Act of 2010 Bill would create a Small Business Lending Fund Program amend the Internal Revenue Code of 1986 to provide tax incentives for small business job creation. NSBA supported. H.R. 5486 Small Business Jobs Tax Relief Act of 2010 Bill amends the Internal Revenue Code of 1986 to provide tax incentives for small business job creation. NSBA supported. S. 182 Paycheck Fairness Act To amend the Fair Labor Standards Act of 1938 to provide more effective remedies to victims of discrimination in the payment of wages on the basis of sex, and for other purposes. NSBA is monitoring this legislation. S. 292 - Withholding Tax Relief Act of 2009 A bill to repeal the mandatory three-percent withholding requirement on all payments for goods and services made to federal, state and local contractors. NSBA supported. S. 296 Fair Tax Act of 2009 Legislation to abolish the Internal Revenue Service and enact a national retail sales tax on the use or consumption in the United States of taxable property or services. It sets the sales tax rate at 23 percent in 2011, with adjustments to the rate in subsequent years. NSBA supported. S. 515 The Patent Reform Act of 2009 Bill would reform U.S. patent system. NSBA opposed. S. 560 Employee Free Choice Act of 2009 To amend the National Labor Relations Act to establish an efficient system to enable employees to form, join, or assist labor organizations, to provide for mandatory injunctions for unfair labor practices during organizing efforts, and for other purposes. NSBA opposed. S. 574 - Plain Writing Act of 2009 Bill would establish plain language as the standard style for Government documents issued to the public, and for other purposes. NSBA supported. S. 725 - Equity for Our Nations Self-Employed Act of 2009 The bill would allow self-employed individuals to fully-deduct the cost of their health insurance, thus eliminating the self-employed tax on health care. NSBA supported. S. 904 Fair Pay Act To amend the Fair Labor Standards Act of 1938 to prohibit discrimination in the payment of wages on account of sex, race, or national origin, and for other purposes. NSBA is monitoring this legislation. S. 988 SIMPLE Cafeteria Plan Act of 2009 Bill would update the tax code to allow small business employees to purchase employer-provided health insurance with pre-tax dollars. It also strengthens current law for all cafeteria plans by expanding dependent flexible spending accounts (DCFSA) and including coverage for long-term care benefits. NSBA has not taken a position on the legislation. S. 996 S Corporation Modernization Act of 2009 To provide permanent relief, the bill would allow S corporations to liquidate unproductive assets after seven yearsfreeing up capital to be used to grow the business and create jobs. NSBA supported. S. 1152 Healthy Families Act Requires certain employers, who employ 15 or more employees for each working day during 20 or more workweeks a year, to permit each employee to earn at least one hour of paid sick time for every 30 hours worked. NSBA opposed. S. 1233 SBIR/STTR Reauthorization Act of 2009 Bill would reauthorize and improve the SBIR and STTR programs. NSBA supported. S. 1615 Next Step for Main Street Credit Availability Act of 2009 Bill would amend the Small Business Act and the Small Business Investment Act of 1958 to stop the small business credit crunch, and for other purposes. NSBA supported. S. 1617 The Investments for Manufacturing Progress and Clean Technology (IMPACT) Act Bill would require the Secretary of Commerce to establish a program for the award of grants to states to establish revolving loan funds for small and medium-sized manufacturers to improve energy efficiency and produce clean energy technology. NSBA supported. S. 1754 - Home Office Deduction Simplification Act of 2009 It amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business a standard tax deduction equal to the lesser of $1,500 or the taxpayer's gross trade or business income derived from the business use of such residence. NSBA supported. S. 1756 Protecting Older Workers Against Discrimination Act To amend the Age Discrimination in Employment Act of 1967 to clarify the appropriate standard of proof. NSBA is monitoring. S. 1832 Small Business Access to Capital Act of 2009 Bill would increase loan limits for small business concerns, provide for low interest refinancing for small business concerns, and for other purposes. NSBA supported. S. 2784 Carper-Voinovich Estate Tax Proposal Bill would freeze the estate tax at the 2009 levelsany estate above $7 million per couple or $3.5 million per individual would be taxed at a 45 percent rate. NSBA supports permanent reform of the estate tax. S. 2869 The Small Business Job Creation and Access to Capital Act Bill would increase loan limits for small business concerns, to provide for low interest refinancing for small business concerns. NSBA supported. S. 2919 The Small Business Lending Enhancement Act Bill would amend the Federal Credit Union Act to advance the ability of credit unions to promote small business growth and economic development opportunities. NSBA supported. S. 3018 Bipartisan Tax Fairness and Simplification Act of 2010 A comprehensive tax reform legislation with provisions consolidating tax brackets for individuals and businesses while at the same time lowering federal tax obligations, in part through a single, flat 24 percent corporate rate. NSBA supported. S. 3024 Job Impact Analysis Act of 2010 Bill to ensure that the creation of jobs by small businesses is considered during the Federal legislative and rulemaking process. NSBA supported. S. 3089 Small Business Patent Data Collection Act of 2010 Bill would require a study and report by the Office of Advocacy of the Small Business Administration regarding the effects of proposed changes in patent law. NSBA opposed. S. 3254 Employee Misclassification Prevention Act of 2010 To amend the Fair Labor Standards Act of 1938 to require persons to keep records of non-employees who perform labor or services for remuneration and to provide a special penalty for persons who misclassify employees as non-employees, and for other purposes. NSBA opposed. S.3533 Responsible Estate Tax Act The bill will permanently fix the estate tax by combining the 2009 exemption levels with progressive rates for larger estates, including a new billionaires surtax. NSBA supports permanent reform of the estate tax. S. 3578 - Small Business Paperwork Mandate Elimination Act Repeals section 9006 of the Patient Protection and Affordable Care Act (PPACA) that requires any business that purchases more than $600 of goods or services from another business to submit a 1099 form to the Internal Revenue Service (IRS). NSBA supported. S. 4757 Health Insurance Rate Authority Act of 2010 To provide for the establishment of a Health Insurance Rate Authority to establish limits on premium rating, and for other purposes. NSBA is monitoring this legislation. Issue: Comprehensive Immigration Reform A general outline for comprehensive immigration reform was been discussed in the Senate. NSBA has advocated for provisions that would protect small businesses against overly burdensome regulations resulting from mandates on small businesses. NSBA continues to monitor developments and advocate with staff the potential for unintended consequences resulting from immigration legislation to small businesses. Agency Comments on Patient Protection and Affordable Care Act Jointly filed comments were sent to Department of Health and Human Resources Secretary Kathleen Sebelius, Department of Labor Secretary Hilda Solis, Department of Treasury Secretary Timothy Geithner. Substantial health plan design changes (e.g., no annual/lifetime limits, bans on cost-sharing of preventative services) have September 2010 effective dates. NSBA requested at least six months to comply with regulations once they are implemented, and a good-faith standard for measuring compliance.

Client expense: $65,000 · Firm income: Not reported

Government targets: Centers For Medicare and Medicaid Services (CMS), Energy, Dept of, Environmental Protection Agency (EPA), Export-Import Bank of the United States (EXIM Bank), Federal Reserve System, Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office

Support the Green Roofing Energy Efficiency Tax Act (H.R. 426) Support the Green Energy Efficient Roofing and Job Creation Act (H.R. 5396) Support Estate Tax Relief Act (H.R. 3905) and draft estate tax proposal by Senators Lincoln and Kyl. Support legislation to repeal section 511 of the Tax Increase and Prevention Act of 2005 (H.R. 275/S, 292)

Client expense: $150,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), SENATE, Treasury, Dept of

H.R. 4213 - Tax extenders legislation; H.R. 436, H.R. 2023, H.R. 3905, S. 722 - Estate and gift tax; S. 4337 - Mutual fund tax modernization; Financial Crisis Responsibility Fee

Client expense: $990,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

Issues affecting the taxation of small businesses, Estate Tax Reform, and employee benefits. - H.R. 3905, the Estate Tax Relief Act of 2009 - H.R. 4514, the Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009 - H.R. 3905, the Estate Tax Relief Act of 2009 - H.R. 5486, the Small Business Jobs Tax Relief Act of 2010

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

See Addendum. S. 722, "The Taxpayer Certainty & Relief Act of 2009", provisions relating to estate taxes, capital gains and stock dividends. S. 2784, A bill to ammend the Internal Revenue Code of 1986 to permanently extend the estate tax as in effect in 2009. S. 2882, "Taxpayer Responsibility, Accountability & Consistency Act of 2009". S. 2927, "Wall Street Fair Share Act". S. 3533, "The Responsible Estate Tax Act". H.R. 3408, "Taxpayer Responsiblity, Accountability and Consistency Act of 2009", relating to a safe harbor for independent contractor status. H.R. 3429, the "Generating Retirement Ownership Through Long-Term Holding Act" (Growth Act). H.R. 3905, "Estate Tax Releif Act of 2009". H.R. 4154, the "Permanent Estate Tax Relief for Families, Farmers and Small Businesses Act of 2009". H.R. 4191, "Let Wall Street Pay for the Restoration of Main Street Act of 2009". H.R. 4213, "American Jobs and Closing Tax Loopholes Act of 2010". H.R. 4337, the "Regulated Investment Company Modernization Act of 2009". H.R. 5297, "Small Business Lending Fund Act of 2010", provision related topartial annuitization. Financial Crisis Responsibility Fee - To assess a fee or tax on financial services firms to repay TARP losses (No Bill Number). Treasury Department Explanation of the Administrations FY-2010 Budget Tax proposals to (1) modify the dividends received deduction for life insurance company separate accounts; (2) reporting of sales of existing life insurance contracts with a death benefit of $1 million or more; (3) interest expense disallowance for corporate-owned life insurance (COLI) policies; and (4) international tax reforms. General Explanations of the Administration's FY-2010 Revenue Proposals, Department of Treasury (May 2009), "Greenbook" - No Bill Number.

Client expense: $500,000 · Firm income: Not reported

Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

H.R. 275, To repeal the imposition of 3 percent withholding on certain payments made to vendors by government entities (as it affects government payments to telecommunications and Internet access service providers) H.R. 422, To amend the Internal Revenue Code of 1986 to extend the research credit through 2010 and to increase and make permanent the alternative simplified research credit. H.R. 436, Certain Estate Tax Relief Act of 2009 H.R. 690, Modernize Our Bookkeeping In the Law for Employee's Cell Phone Act of 2009 H.R. 691, Broadband Access Equality Act of 2009 H.R. 1521, Cell Tax Fairness Act of 2009 H.R. 2847, The Hiring Incentives to Restore Employment (HIRE) Act; provisions related to tax H.R. 3011, Telephone Excise Tax Repeal Act of 2009 H.R. 3905, Estate Tax Relief Act of 2009 H.R. 4213, Tax Extenders Act of 2009; extension of the R&D credit, provision regarding clarification of gains recognized in certain spin-off transactions, and recission of broadband stimulus funds H.R. 4486, To amend the Internal Revenue Code of 1986 to treat distributions of debt securities in a tax free spin-off transaction in the same manner as distributions of cash or other property. H.R. 4849, Small Business and Infrastructure Jobs Tax Act of 2010; provision regarding clarification of gains recognized in certain spin-off transactions H.R. 5649, Digital Goods and Services Tax Fairness Act of 2010 Issues related to Extension of Bonus Depreciation (House) Issues related to streamlined sales taxes (House) S. 47, Telephone Excise Tax Repeal Act of 2009 S. 71, Telephone Excise Tax Repeal Act of 2009 S. 144, Modernize Our Bookkeeping In the Law for Employee's Cell Phone Act of 2009 S. 292, Withholding Tax Relief Act of 2009, To repeal the imposition of 3 percent withholding on certain payments made to vendors by government entities (as it affects government payments to telecommunications and Internet access service providers) S. 1192, Mobile Wireless Tax Fairness Act of 2009 S. 1203, A bill to amend the Internal Revenue Code of 1986 to extend the research credit through 2010 and to increase and make permanent the alternative simplified research credit, and for other purposes. S. 1447, Connecting America Act of 2009 S. 3018, Bipartisan Tax Fairness and Simplification Act of 2010 S. 3513, Bonus Depreciation Extension to Create Jobs Act Issues related to IRS categorization of repairs to telecom networks Issues related to extension of current dividend and capital gains tax rates

Client expense: $1,570,000 · Firm income: Not reported

Government targets: Federal Communications Commission (FCC), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Natl Telecommunications & Information Administration (NTIA), SENATE

Estate Tax Repeal: Kyl/Lincoln Amendment to FY 2010 Budget - General Tax Issues: LIFO Accounting Method legislation included in FY 2010 Budget; H.R.4154, Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009; H.R. 3905, the Estate Tax Relief Act of 2009; .

Client expense: $225,000 · Firm income: Not reported

Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Natl Highway Traffic Safety Administration (NHTSA), SENATE, Small Business Administration (SBA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

Estate Taxes and the impact on agricultural operations H.R. 3905, the Estate Tax Relief Act of 2009

Client expense: $40,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, SENATE

Family Farm Preservation and Conservaiton Estate Tax Act (HR 3524); Death Tax Repeal Permanency Act of 2009 (HR 3463); Estate Tax Relief Act of 2009 (HR 3905).

Client expense: $100,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), SENATE, State, Dept of (DOS), U.S. Trade Representative (USTR)

H.R. 3905, "Estate Tax Relief Act of 2009", entire bill; H.R. 4154, "Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009", entire bill; Proposal to Incentivize Medium- and Heavy-Duty Truck Sales; H.R. 2024/S. 1582, "Commercial Motor Vehicle Advanced Safety Technology Tax Act of 2009", entire bill; H.R. 3383, "Idling Reduction Tax Credit Act of 2009", entire bill; H.R. 3367, "Heavy Duty Hybrid Truck Incentives Improvement Act of 2009", entire bill, Expansion of idling reduction device exemption from federal excise tax; Last-In, First-Out accounting method; H.R. 4213, Section 136, unrelated business income tax provision extension, and Section 402, heavy-duty hybrid tax credit; Tax transitional provisions for closing dealerships, H.R. 2847, "HIRE Act", Section 201, section 179 expensing; H.R. 5141, "Small Business Paperwork Mandate Elimination Act", entire bill; S. Amdt 4402 to H.R. 5297, "Small Business Lending Act", extension of bonus depreciation,

Client expense: $1,050,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE