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American Business Competitiveness Act of 2015
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vs 6,526 other HR bills in the 114th — cohort avg 56d
American Business Competitiveness Act of 2015 This bill amends the Internal Revenue Code to: reduce the tax rate on the net business income of individual and corporate taxpayers to a maximum 25%; allow full expensing of deductible investment expenses in the current taxable year; redefine "net business income" to allow the deduction of the cost of business purchases; convert to a territorial system for taxing overseas income; apply the same tax rate to interest income of individuals that is applicable to dividends and capital gains income; and allow a five-year carryback of net operating losses and an indefinite carryforward of such losses.
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Filing registrants (38)
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
2017 · second_quarter · Taxation/Internal Revenue Code
- Business Tax Reform; (bills not yet introduced) general corporate reforms, corporate integration proposal, investment reforms, retirement reforms and insurance specific reforms to Subchapter L - Two provisions of proactive company tax reforms; life/non-life consolidation, ordinary treatment of bonds. Advocated for introduction in House of Representatives (not yet introduced, in draft form only) H 2181 - Draft legislation (Sen. Wyden) to address derivatives taxation; specific provision to provide ordinary tax character treatment of bonds. - Legislative concept (no discussion draft yet) to address so-called corporate integration by preventing double taxation of dividends. - American Business Competitiveness Act (HR 4377) - Tax Reform Blueprint; House Ways and Means draft - International tax reform (bills not yet introduced)
Client expense: $740,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2017 · second_quarter · Taxation/Internal Revenue Code
Tax Reform Promoted comprehensive approach to tax reform that avoids enacting reform for C corporations at the expense of flow-through entities or otherwise disadvantaging multifamily real estate relative to other asset classes. Support maintaining current law regarding: (1) the tax treatment of carried interest; (2) the full deductibility of business interest; (3) the Low-Income Housing Tax Credit (while also increasing program resources) and tax-exempt private activity housing bonds; (4) the permanent estate tax rules enacted in January 2013; (5) Section 1031 like-kind exchanges; (6) the 27.5-year depreciation period for multifamily buildings; (7) depreciation recapture; and (8) the deductibility of state and local real estate taxes. We oppose proposals increasing taxes on capital gains. Finally, we favor: (1) repealing or reforming FIRPTA rules to incent foreign investment in U.S. real estate; and (2) expanding incentives for energy efficiency in commercial buildings (e.g., Internal Revenue Code Section 179D). House Republican Tax Reform Blueprint, A Better Way: A Pro-Growth Tax Code for All Americans, all provisions. Trump Administration Tax Plan, 2017 Tax Reform for Economic Growth and American Jobs, all provisions. S. 1144, Investment in New Ventures and Economic Success Today (INVEST) Act of 2017, to encourage business creation by allowing faster recovery of start-up and organizational expenses, to simplify accounting methods for small businesses, to expand expensing and provide accelerated cost recovery to encourage investment in new plants and equipment, and for other purposes, Section 301: Modifications of Rules for Expensing Depreciable Assets; Section 311: 50-Percent Expensing Made Permanent. H.R. 4377 (114th Congress), American Business Competitiveness Act of 2015 , legislation to amend the Internal Revenue Code of 1986 to tax business income on a cash flow basis and for other purposes, all provisions. Proposals to amend the taxation of financial products and providing for an exception from the definition of a derivative for real estate that is to be delivered. Energy Supported extension of the Section 45L New Energy Efficient Home Credit and the Section 179D Energy Efficient Commercial Buildings Deduction (also favor improving the Commercial Buildings Deduction by establishing a sliding scale of energy improvements, which would help spur investment in energy efficient improvements in older buildings). Low-Income Housing Tax Credit (LIHTC) H.R. 1661, Affordable Housing Credit Improvement Act of 2017, to amend the Internal Revenue Code of 1986 to reform the low-income housing tax credit, and for other purposes, all provisions. S. 548, Affordable Housing Credit Improvement Act, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. Workforce Housing S. 3384 (114th Congress), Middle-Income Housing Tax Credit Act of 2016, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, all provisions. Analyzed Housing Affordability Tax Incentives, including Renter Tax Credits and Employer-Provided Housing Tax Exclusions. Partnership Audits H.R. 6439/S.3506 (114th Congress), The Tax Technical Corrections Act of 2016, Section 101: Amendments Relating to Protecting Americans From Tax Hike Act of 2015, Exception from Qualified Pension Funds; Title II-Technical Corrections Related to Partnership Audit Rules, all provisions. Department of the Treasury and Internal Revenue Service, Notice of proposed rulemaking on Centralized Partnership Audit Regime, REG-136118-15. S Corporation Modernization H.R. 1696 / S. 711, S Corporation Modernization Act of 2017, to amend the Internal Revenue Code of 1986 to provide for S corporation reform, and for other purposes, all provisions. Estate Tax Regulations Department of the Treasury, Internal Revenue Service REG-163113-02, Estate, Gift, and Generation-Skipping Taxes; Restrictions on Liquidation of an Interest. House Appropriations Financial Services Subcommittee legislation, Making appropriations for financial services and general government for the fiscal year ending September 30, 2018, and for other purposes, Administrative Provisions -- Internal Revenue Service, Section 115: Denies funds to finalize, enforce or implement Proposed Treasury Regulations relating to the liquidation of an interest with respect to estate, gift, and generation-skipping taxes under Section 2704 of the Internal Revenue Code.
2016 · fourth_quarter · Taxation/Internal Revenue Code
- Business Tax Reform; (bills not yet introduced) general corporate reforms, corporate integration proposal, investment reforms, retirement reforms and insurance specific reforms to Subchapter L - International tax reform (bills not yet introduced) - Proposed Regulations under IRC section 385 governing intercompany transfers - Tax Reform Blueprint; House Ways and Means Committee draft - American Business Competitiveness Act (H.R. 4377) - Two provisions of proactive company tax reforms; life/non-life consolidation, ordinary treatment of bonds. Advocated for introduction in House of Representatives (not yet introduced, in draft form only) - Legislative concept (no discussion draft yet) to address so-called corporate integration by preventing double taxation of dividends. - Draft legislation (Sen. Wyden) to address derivatives taxation; specific provision to provide ordinary tax character treatment of bonds.
Client expense: $1,010,000 · Firm income: Not reported
Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)
2016 · fourth_quarter · Taxation/Internal Revenue Code
Support lower rates on taxation of dividends. Tax reform proposals. Tax extenders. Promote the development of the natural gas vehicle market by supporting various incentives. Support incentives to produce biogas. Support incentives for high efficiency natural gas furnaces, boilers and water heaters (25C tax credits). Support incentives for energy efficiency buildings (179D). Tax Credits: The carryover of excess corporate charitable contributions. This issue arose in H.R.4016 - to amend the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions. Tax Credits: The investment tax credit for combined heat and power. This issue arose in H.R. 2657 - Power Efficiency and Resiliency Act (POWER Act) - to alter Section 48 of the Internal Revenue Code of 1986 to increase and alter the investment tax credit for combined heat and power. This bill would amends Section 48 of the tax code to provide parity for combined heat and power (CHP) with other forms of energy. The bill would increase the investment tax credit for CHP from 10% to 30% and would apply to the first 25 MW of a project instead of the first 15MW. Tax Parity: S. 1516 - Power Efficiency and Resiliency Act (POWER Act) This bill would amends Section 48 of the tax code to provide parity for combined heat and power (CHP) with other forms of energy. The bill would increase the investment tax credit for CHP from 10% to 30% and would apply to the first 25 MW of a project instead of the first 15MW. Tax Credits: Combined Heat and Power, Fuel Cells and Microturbines Investment Tax Credit Extension Past 2016. Tax Parity: S. 2378 - Waterway LNG Parity Act of 2015. H.R. 2315, Mobile Workforce State Income Tax Simplification Act of 2015; H.R. 4016, Amending the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions; H.R. 4377, American Business Competitiveness Act; H.R. 5879, To amend the Internal Revenue Code of 1986 to modify the credit for production from advanced nuclear power facilities; S. 386, Mobile Workforce State Income Tax Simplification Act of 2015; Cost Recovery Reform & Simplification Act; Modernization of Derivatives Tax Act of 2016; A Better Way: A Pro Growth Tax Code for all Americans.
2016 · fourth_quarter · Small Business
H.R. 8 - North American Energy Security and Infrastructure Act of 2015 Legislation seeks to promote energy efficiency inside the federal government and improve the security of energy-related infrastructure primarily by expanding the Department of Energys authorities. NSBA supports H.R. 9 - Innovation Act Reforms the patent system and introduces measures that would make it more difficult for small businesses to defend their patents. NSBA opposes H.R. 25 - The Fair Tax Act To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the states. NSBA supports H.R. 1105 - Death Tax Repeal Act of 2015 Bill would repeal the estate and generation-skipping transfer taxes, as well as cut the top gift tax rate. NSBA supports H.R. 1155 - Searching for and Cutting Regulations that are Unnecessarily Burdensome (SCRUB) Act of 2015 This bill would create a special commission to review and repeal regulatory requirements which could be removed without significant impact to the regulations overall effectiveness. NSBA supports H.R. 1732 - Regulatory Protection Act of 2015 The legislation would require the EPA to rewrite the waters of the U.S. rule. NSBA supports H.R. 2045 - TROL Act Legislation would allow the FTC to go after patent trolls which often target small business patent holders. NSBA supports H.R. 2775 - The Remote Transactions Parity Act of 2015 The bill allows states that meet simplification requirements to require remote sellers to collect taxes due on items purchased by consumers in those states. NSBA is monitoring H.R. 2911 - Small Business Healthcare Relief Act This bill amends the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) to allow an employer with fewer than 50 employees that does not offer group health insurance coverage to establish a health reimbursement arrangement. NSBA supports H.R. 3326 - Defend Trade Secrets Act of 2015 Creates a right of action in federal court for trade secrets violations and creates mechanisms to prevent the release of trade secret information. NSBA supports H.R. 4341 - Defending Americas Small Contractors Act of 2016 The bill introduces a number of reforms to increase transparency and the ability of small businesses to compete in the federal marketplace. NSBA supports H.R. 4377 - American Business Competitiveness Act The bill cuts the corporate income tax to 25 percent; limits the top tax rate on non-corporate business income to 25 percent; allows businesses to deduct investment costs when they occur (full expensing); eliminates most business tax credits and many deductions; and moves to a territorial tax system like most developed nations. NSBA is monitoring H.R. 4612 - Midnight Rule Relief Act of 2016 Legislation would prevent agencies from proposing or finalizing regulations from the day after elections to the day of the next presidential inauguration. NSBA supports H.R. 4638 - Main Street Growth Act The legislation seeks to make small business offerings more attractive to investors by creating venture exchanges which will bring together buyers and sellers for of venture securities. NSBA supports H.R. 4773 - Protecting Workplace Advancement and Opportunity Act Legislation would nullify the Department of Labors overtime exemption rule and would require DOL to perform an economic analysis of how changes to overtime regulations will impact nonprofits, small businesses, and employers in other vulnerable industry sectors before issuing a new rule. NSBA supports H.R. 4783 - Commercializing on Small Business Innovation Act of 2016 Legislation would reauthorize the SBIR/STTR programs through 2022. NSBA supports H.R. 4831 - S-Corp Bill Legislation would amend the tax code to clarify that shareholders in an S-Corp. who acquired their shares through crowdfunding would not count against the 100 shareholder cap. NSBA supports H.R. 4850 - Micro Offering Safe Harbor Act Measure would create an exemption from registration requirements under the Securities Act for certain small securities offerings. NSBA supports H.R. 4852 - the Private Placement Improvement Act Would require the Securities and Exchange Commission (SEC) to amend the requirements for Regulation D offerings. It would also direct the SEC to revise rules regarding 506 offerings of a private fund to characterize as an accredited investor a knowledgeable employee of that private fund or the funds investment advisor. NSBA is monitoring H.R. 5076 - Main Street Fairness Act Establishes that businesses that file their taxes as pass-through income-sole proprietorships, partnerships, LLCs and S corporations-will never pay a higher tax rate than their larger counterparts. NSBA supports H.R. 5156 - Small Business Credit Card Act of 2016 Legislation would further protect small-business owners credit cards from unfair and deceptive practices of credit card companies. NSBA supports H.R. 5813 - Overtime Reform and Enhancement Act Will initiate a reasonable three-year phase-in of the Department of Labors new overtime rule. NSBA supports H.J. Res. 71 - Clean Power Plan - Congressional Review Act This resolution would invoke the Congressional Review Act and roll back the Clean Power Plan regulations promulgated by the EPA to cut carbon emissions. NSBA Supports H.J. Res. 72 - Clean Power Plan - Congressional Review Act This resolution would invoke the Congressional Review Act and roll back the Clean Power Plan regulations promulgated by the EPA to cut carbon emissions. NSBA supports H.J.Res. 95 A resolution under the Congressional Review Act to protect workers, students, nonprofit organizations, and small-business owners from the consequences of the Department of Labors controversial overtime rule. NSBA supports S. 155 - the Fair Tax Act To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the states. NSBA supports S. 632 - STRONG Patent Act The bill introduces modest patent reforms that would afford small businesses greater protections for their patents. NSBA supports S.698 - Marketplace Fairness Act of 2015 The bill would require eCommerce sellers who gross over $1million in remote (out-of-state) sales per year to collect sales tax from buyers in all 45 states (plus D.C.) that impose a sales tax. NSBA is monitoring S. 1137 - PATENT Act Reforms the patent system and introduces measures that would make it more difficult for small businesses to defend their patents. NSBA opposes S. 1140 - Federal Water Quality Protection Act The legislation would require the EPA to rewrite the waters of the U.S. rule. NSBA supports S. 1584 - Renewable Fuel Standard Repeal Act The bill would remove the renewable fuel standard. NSBA is monitoring S. 1607 - Independent Agency Regulatory Analysis Act of 2015 Creates a procedure whereby the president can require independent regulatory agencies to comply with the same rulemaking requirements that other agencies do. NSBA supports S. 1683 - Searching for and Cutting Regulations that are Unnecessarily Burdensome (SCRUB) Act of 2015 This bill would create a special commission to review and repeal regulatory requirements which could be removed without significant impact to the regulations overall effectiveness. NSBA supports S. 1697 - Small Business Healthcare Relief Act This bill amends the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) to allow an employer with fewer than 50 employees that does not offer group health insurance coverage to establish a health reimbursement arrangement. NSBA supports S. 2006 - Regulatory Accountability Act of 2015 Legislation amends the APA to require that regulating agencies do more thorough examinations of the costs and benefits of promulgating regulations. NSBA supports S. 2012 - Energy Policy Modernization Act of 2015 Measure would make a number of changes impacting the security and the reliability of the energy grid. NSBA supports S. 2582 - Midnight Rule Relief Act of 2016 The bill would prevent agencies from proposing or finalizing regulations from the day after elections to the day of the next presidential inauguration. NSBA supports S. 2696 - Protect Small Business Jobs Act of 2016 Would create a six month grace period for first time regulations violations by small businesses which do not place anyone in imminent danger. NSBA supports S. 2707 - Protecting Workplace Advancement and Opportunity Act Legislation would nullify the Department of Labors overtime exemption rule and would require DOL to perform an economic analysis of how changes to overtime regulations will impact nonprofits, small businesses, and employers in other vulnerable industry sectors before issuing a new rule. NSBA supports S. 2724 - Separation of Powers Restoration Act of 2016 Legislation would effectively eliminate Chevron Deference when courts review agency actions. NSBA supports S. 2733 - Venue Equity and Non-Uniformity Elimination Act of 2016 This legislation will make changes to existing venue requirements in patent infringement litigation. NSBA opposes S. 2792 - Rapid Innovation Fund Enhancement Act of 2016 Legislation would reform the RIF program to ensure small businesses are always able to participate. NSBA supports S. 2793 - SBIR/STTR Reauthorization Act of 2016 The legislation would permanently reauthorize the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The programs are currently set to expire in 2017. NSBA supports S. 2812 - SBIR/STTR Reauthorization Act of 2016 Legislation would permanently reauthorize the SBIR and STTR programs. NSBA supports S. 2847 - Prove It Act Legislation would allow the Chief Counsel of Advocacy to challenge an agency certification of no significant impact on small businesses under the Regulatory Flexibility Act. NSBA is monitoring S. 2898 - the Small Business National Security Innovation Act of 2016 Legislation would allow SBIR and STTR small businesses to more easily contract to do follow-on work. NSBA supports S. 3464 - the Overtime Reform and Review Act Bill would phase in the new salary overtime threshold over five years, and would require the Government Accountability Office (GAO) to conduct a report during the rules first year to assess its economic effects. NSBA supports S.J.Res.34 A resolution under the Congressional Review Act (CRA) that would block implementation of the administrations overtime rule. NSBA supports
| Republican |
| UT |
| Cresent Hardy | Republican | NV |
| Darrell Issa | Republican | CA |
| Dave Brat | Republican | VA |
| David G. Valadao | Republican | CA |
| David P. Roe | Republican | TN |
| David Rouzer | Republican | NC |
| F. James Sensenbrenner, Jr. | Republican | WI |
| Gary J. Palmer | Republican | AL |
| George Holding | Republican | NC |
| Ken Calvert | Republican | CA |
| Kenny Marchant | Republican | TX |
| Mark E. Amodei | Republican | NV |
| Michael K. Simpson | Republican | ID |
| Mick Mulvaney | Republican | SC |
| Mike Pompeo | Republican | KS |
| Mimi Walters | Republican | CA |
| Patrick J. Tiberi | Republican | OH |
| Reid J. Ribble | Republican | WI |
| Robert Pittenger | Republican | NC |
| Stephen Knight | Republican | CA |
| Steve Russell | Republican | OK |
| Ted S. Yoho | Republican | FL |
| Tom Cole | Republican | OK |
| Tom Emmer | Republican | MN |
| Trent Franks | Republican | AZ |
Client expense: $1,035,000 · Firm income: Not reported
Government targets: Army, Dept of (Corps of Engineers), Environmental Protection Agency (EPA), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Natl Economic Council (NEC), Office of Management & Budget (OMB), SENATE, Small Business Administration (SBA), Treasury, Dept of, U.S. Postal Service (USPS)
Client expense: $280,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, SENATE, U.S. Forest Service
Client expense: $32,000 · Firm income: Not reported
Government targets: Bureau of Citizenship & Immigration Services (BCIS), Centers For Medicare and Medicaid Services (CMS), Commerce, Dept of (DOC), Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), 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), Intl Trade Administration (ITA), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Office of Personnel Management (OPM), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
2016 · fourth_quarter · Taxation/Internal Revenue Code
DAVID BROWN: House, Senate Nuclear Investment Tax Credits DAVID GILBERT: House and Senate H.R. 2315, Mobile Workforce State Income Tax Simplification Act of 2015; H.R. 4016, Amending the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions; H.R. 4377, American Business Competitiveness Act; H.R. 5879, To amend the Internal Revenue Code of 1986 to modify the credit for production from advanced nuclear power facilities; S. 386, Mobile Workforce State Income Tax Simplification Act of 2015; Cost Recovery Reform & Simplification Act; Modernization of Derivatives Tax Act of 2016; A Better Way: A Pro Growth Tax Code for all Americans. Tax extenders JACQUELINE CARNEY: House, Senate Nuclear Investment Tax Credits KATHERINE OTT: House, Senate H.R. 4016, Amending the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions Nuclear Investment Tax Credits SALLY MCALLISTER: House, Senate H.R. 5879, To amend the Internal Revenue Code of 1986 to modify the credit for production from advanced nuclear power facilities Nuclear Investment Tax Credits
Client expense: $900,000 · Firm income: Not reported
Government targets: Energy, Dept of, Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
Tax reform blueprint by House Republicans as part of the Better Way initiative. H.R. 4377, the "American Business Competitiveness Act." Tax reform, generally.
Client expense: $10,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
- Business Tax Reform; (bills not yet introduced) general corporate reforms, corporate integration proposal, investment reforms, retirement reforms and insurance specific reforms to Subchapter L - International tax reform (bills not yet introduced) - Proposed Regulations under IRC section 385 governing intercompany transfers - Tax Reform Blueprint; House Ways and Means Committee draft - American Business Competitiveness Act (H.R. 4377) - Two provisions of proactive company tax reforms; life/non-life consolidation, ordinary treatment of bonds. Advocated for introduction in House of Representatives (not yet introduced, in draft form only) - Legislative concept (no discussion draft yet) to address so-called corporate integration by preventing double taxation of dividends. - Draft legislation (Sen. Wyden) to address derivatives taxation; specific provision to provide ordinary tax character treatment of bonds.
Client expense: $1,020,000 · Firm income: Not reported
Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)
2016 · fourth_quarter · Taxation/Internal Revenue Code
Potential comprehensive tax reform proposals, including interest expense deduction, dividend tax rates, accelerated depreciation, normalization, international tax, and portfolio interest exemption. Guidance and legislation relating to the forty-percent excise tax on employer-sponsored health coverage (H.R. 2050/S. 2045, Middle Class Health Benefits Tax Repeal Act of 2015; H.R. 879, Ax the Tax on Middle Class Americans Health Plans Act; and S. 2075, American Worker Health Care Tax Relief Act of 2015). Legislation relating to remote sales in states in which companies do not have a physical presence (S. 698, Marketplace Fairness Act of 2015; and H.R. 2775, Remote Transactions Parity Act of 2015). H.R. 2315/S. 386, Mobile Workforce State Income Tax Simplification Act of 2015 (provisions relating to out-of-state workers traveling to nonresident states for a limited period of time). H.R. 2584, Business Activity Tax Simplification Act of 2015 (provisions relating to setting forth criteria for physical presence in a state). H.R. 4016, to amend the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions. H.R. 4377, American Business Competitiveness Act of 2016 (provisions relating to the corporate tax rate, expensing of deductible investments and carryback of net operating losses). REG-108060-15 IRS/Treasury Section 385 Proposed Regulations (provisions relating to related-party debt and documentation requirements). A Better Way: A Pro Growth Tax Code for all Americans.
Client expense: $470,000 · Firm income: Not reported
Government targets: Council on Environmental Quality (CEQ), Energy, Dept of, Environmental Protection Agency (EPA), Federal Aviation Administration (FAA), Federal Emergency Management Agency (FEMA), Federal Energy Regulatory Commission (FERC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Natl Park Service (NPS), SENATE, Transportation, Dept of (DOT)
2016 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 2788 S Corporation Modernization Act H.R. 2789 Capital Access for Small Business Banks Act H.R. 3287 Community Bank Flexibility Act H.R. 4377 American Business Competitiveness Act H.R. 5076 Main Street Parity Act H.R. 5374 To amend the Internal Revenue Code of 1986 to provide a lower rate of tax on a portion of pass-through business income, and for other purposes H.R. 5754 To amend the Internal Revenue Code of 1986 to provide for S corporation reform, and for other purposes H.R. 6100 Protect Family Farms and Businesses Act H.R. 6260 Rural Tax Exemption S. 3181 S Corporation Modernization Act S. 3436 Protect Family Farms and Businesses Act Better Way Tax Reform Act Business Income Taxation Business Interest Deduction Corporate Integration Tax Proposals Credit Union Tax Exemption Farm Credit System Tax Exemption IRC Section 2704 Proposed Regulation Changes (impact on family-owned businesses) Retirement Enhancement and Savings Act of 2016 S Corp Reforms Tax Reform
Client expense: $1,000,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Consumer Financial Protection Bureau (CFPB), Defense, Dept of (DOD), Farm Credit Administration, Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Justice, Dept of (DOJ), Natl Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), SENATE, Small Business Administration (SBA), Treasury, Dept of, Veterans Affairs, Dept of (VA), White House Office
2016 · fourth_quarter · Taxation/Internal Revenue Code
HR 2029: CONSOLIDATED APPROPRIATIONS ACT, 2016; PROVISIONS REGARDING CHARITABLE CARRY FORWARD, BONUS DEPRECIATIONS, CYBERSECURITY, NUCLEAR PROVISIONS & CADILLAC TAX HR 4016: TO AMEND THE INTERNAL REVENUE CODE OF 1986 TO EXTEND THE LIMITATION ON THE CARRYOVER OF EXCESS CORPORATE CHARITABLE CONTRIBUTIONS; ALL PROVISIONS OF THE BILL HR 4377: AMERICAN BUSINESS COMPETITIVENESS ACT OF 2015, ALL PROVISIONS OF THE BILL
Client expense: $650,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
Comprehensive tax reform, generally Energy tax extenders legislation, generally H.R.2510, to amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation; H.R.4377, the American Business Competitiveness Act of 2015; H.R. 5879, To amend the Internal Revenue Code of 1986 to modify the credit for production from advanced nuclear power facilities;
Client expense: $3,790,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
Issues pertaining to corporate and individual tax reform including bank or SIFI excise tax proposals as well as the deductibility of business interest; H.R. 2584, Business Activity Tax Simplification Act, all provisions; Issues pertaining to New Markets Tax Credits including S. 591, New Markets Tax Credit Extension Act of 2015 and H.R. 855, New Markets Tax Credit Extension Act of 2015; S. 386, Mobile Workforce State Income Tax Simplification Act of 2015, all provisions; H.R. 2315, Mobile Workforce State Income Tax Simplification Act of 2015, all provisions; Issues pertaining to Department of Treasury Notice of Proposed Rulemaking on section 385, treatment of certain interests in corporations as stock or indebtedness; H.R. 4377, The American Business Competitiveness Act of 2015, issues pertaining to financial services.
Client expense: $1,190,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2016 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 4377 - Discussed various issues related to corporate and international tax reform. Discussed proposed regulations related to intracompany debt.
Client expense: $670,000 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2016 · fourth_quarter · Taxation/Internal Revenue Code
S. 386, Mobile Workforce State Income Tax Simplification Act, Legislation that would simplify and standardize state income tax collection for employees who travel outside of their home state for temporary work assignments. H.R. 4377, American Business Competitiveness Act of 2015,legislation to reform the Internal Revenue Code of 1986 OECD Beps Project, provision targeted at curtailing foreign base erosion. Senate Finance Chairman's proposal to promote corporate integration House Ways & Means proposal to reform the Internal Revenue Code of 1986 Issues related to corporate tax reform; Section 385 regulations
Client expense: $490,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2016 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 898: Energy Production Fairness Act; all provisions H.R. 905: LNG Excise Tax Equalization Act of 2015; all provisions H.R. 4297: To impose certain requirements on the Secretary of the Treasury relating to transmittals of country-by-country reports for purposes of the Base Erosion and Profit Shifting Action Plan; all provisions H.R. 4377: American Business Competitiveness Act of 2016; all provisions H. Con. Res. 125: Establishing the congressional budget for the United States Government for fiscal year 2017 and setting forth appropriate budgetary levels for fiscal years 2018 through 2026; all provisions relating to energy S. 344: A bill to amend the Internal Revenue Code of 1986 to equalize the excise tax on liquefied petroleum gas and liquefied natural gas; all provisions General Discussions Related to TAX (no specific Bill #): Tax Reform Federal Excise Tax Modification Highway Trust Fund Funding Obama Administration Budget/Tax Proposals re: Oil Industry and Corporate Taxes Oil Spill Liability Trust Fund Tax Increase Proposed Regulations Regarding Related-Party Debt (Section 385) Senate Finance Committee Draft Corporate Tax Reform Proposals Tax Credit Extenders The President's Framework for Business Tax Reform
Client expense: $1,680,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Energy, Dept of, Environmental Protection Agency (EPA), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Interior, Dept of (DOI), Natl Security Council (NSC), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Agency for International Development (USAID), U.S. Chemical Safety & Hazard Investigation Board, U.S. Trade Representative (USTR)
2016 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 915 (Voices for Veterans Act); H.R. 1295 (Trade Preferences Extension Act of 2015); H.R. 2229 (Municipal Bond Market Support Act of 2015); H.R. 4377 (American Business Competitiveness Act of 2015); H.R. 5592 (Derivatives Oversight and Taxpayer Protection Act); S. 161 (Paying a Fair Share Act of 2015); S. 922 (Corporate Tax Dodging Prevention Act); S. 2252 (Fair Playing Field Act of 2015); S. 3118 (Derivatives Oversight and Taxpayer Protection Act); Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation; U.S. and foreign Financial Transaction Tax Legislation Proposals; Tax issues related to standardization of credit default swaps and derivatives transactions; Financial Fee (Bank tax); Tax treatment of capital gains and dividends; Tax classification of independent contractors; Taxation of cross-border equity swaps; Corporate tax reporting rules; Tax reporting requirements for foreign financial institutions on certain foreign accounts; Foreign Account Tax Compliance Act of 2010 (FATCA); Securities cost basis reporting regulations; International tax reform; United States individual and business taxation; Preservation of tax incentives for retirement plans; Issues related to proposals to impose an asset tax on financial institutions; Issues related to proposals to limit the deductability or risk fee of FDIC assessments; Income tax withholding with respect to I.R.C. 305(c) deemed dividends; Tax Reform Legislation; Financial Transaction Tax (FTT); Issues related to taxation of negative interest payments; Issues related to the taxation of Total Loss Absorbency Capacity (TLAC) securities; Issues related to taxation of securities transactions, including market to market for derivatives; Achieving a Better Life Experience (ABLE) Act implementation; IRS regulations on dividend equivalents under Section 871(m); U.S. Treasury participation in Organisation for Economic Co-operation and Development discussions regarding deductibility of interest for financial firms; Treasury regulations under Internal Revenue Code Section 385; Modernization of Derivatives Tax Act (MODA); Chapters 3 and 4 of Subtitle A of the Internal Revenue Code (responsibilities of financial institutions); A Better Way Forward on Tax Reform blueprint; Simplifying American Tax System (SAT); Tax exemptions for municipal bonds.
Client expense: $2,560,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Ginnie Mae, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Credit Union Administration (NCUA), Natl Economic Council (NEC), Natl Security Council (NSC), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR)
2016 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 2315, Mobile Workforce State Income Tax Simplification Act of 2015; H.R. 4016, Amending the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions; H.R. 4377, American Business Competitiveness Act; H.R. 5879, To amend the Internal Revenue Code of 1986 to modify the credit for production from advanced nuclear power facilities; S. 386, Mobile Workforce State Income Tax Simplification Act of 2015; Cost Recovery Reform & Simplification Act (Draft); Modernization of Derivatives Tax Act of 2016 (Draft); A Better Way: A Pro Growth Tax Code for all Americans (Draft).
Client expense: $2,160,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 5818 Mandated Expenses Tax Relief Act; H.R. 1087 Wireless Telecommunications Tax and Fee Collection Fairness Act; H.R. 1397 Seniors Tax Simplification Act; H.R. 1528 End Discriminatory State Taxes for Automobile Rentals; H.R. 1643 Digital Goods and Services Tax Fairness Act; H.R. 1855/S.987 Small Business Tax Equity Act of 2015 ; H.R. 2315 Mobile Workforce State Income Tax Simplification Act; H.R. 27 Tax Code Termination Act; H.R. 2775 Remote Transactions parity Act ; H.R. 2842 Individual Rate Simplification Act; H.R. 2946 IncentivizeCorporate America Act; H.R. 3017 Invest in America Act; H.R. 3083 Bring Jobs Back to America Act; H.R. 3213 Fixed Asset Relief Act; H.R. 3267 Paycheck Relief Act; H.R. 4377 American Business Competiveness Act; H.R. 4518 Corporate Rate Equality and Trade Empowerment Jobs Act; H.R. 4581 Stop Corporate Earnings Stripping Act; H.R. 6098 Transparent Recognition of Unjustified Tax Hoarding in Government Act; H.R.2584 Buisness Activity Tax Simplification Act; H.R.5076 MainStreetFairnessAct; HR ___ Hybrid Origin Discussion Draft; S. 1261 Wireless Telecommunications Tax and Fee Collection Fairness Act; S. 3436/H.R. 6100 Protect Family Farms and Businesses Act.; S. 698 Marketplace Fairness Act; S.2650/H.R. 5946 United States Appreciation for Olympians and Paralympians Act; H.R. 4377 American Business Competiveness Act; H.R. 6270/S. 3424 To amend the Internal Revenue Code of 1986 to prevent the avoidance of tax by insurance companies through reinsurance with non-taxed affiliates; H.R. 6246 The Retirement Inflation Protection Act of 2016; H.R. 6098 TRUTH in Government Act; Issues relating to the Better Way Tax Reform Blueprint; Issues relating to 1031 "Like-Kind Exchanges"; H.R. 3687 the Cuba Agricultural Exports Act; Issues relating to the Trans-Pacific Partnership
Client expense: $100,000 · Firm income: Not reported
Government targets: Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
Taxation of income and expenses related to forest products, issues related to the taxation of REITs; American Business Competitiveness Act of 2015 (H.R. 4377); Main Street Fairness Act (H.R. 5076).
Client expense: $450,500 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Council on Environmental Quality (CEQ), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
Support lower rates on taxation of dividends. Tax reform proposals. Tax extenders. Promote the development of the natural gas vehicle market by supporting various incentives. Support incentives to produce biogas. Support incentives for high efficiency natural gas furnaces, boilers and water heaters (25C tax credits). Support incentives for energy efficiency buildings (179D). Tax Credits: The carryover of excess corporate charitable contributions. This issue arose in H.R.4016 - to amend the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions. Tax Credits: The investment tax credit for combined heat and power. This issue arose in H.R. 2657 - Power Efficiency and Resiliency Act (POWER Act) - to alter Section 48 of the Internal Revenue Code of 1986 to increase and alter the investment tax credit for combined heat and power. This bill would amends Section 48 of the tax code to provide parity for combined heat and power (CHP) with other forms of energy. The bill would increase the investment tax credit for CHP from 10% to 30% and would apply to the first 25 MW of a project instead of the first 15MW. Tax Parity: S. 1516 - Power Efficiency and Resiliency Act (POWER Act) This bill would amends Section 48 of the tax code to provide parity for combined heat and power (CHP) with other forms of energy. The bill would increase the investment tax credit for CHP from 10% to 30% and would apply to the first 25 MW of a project instead of the first 15MW. Tax Credits: Combined Heat and Power, Fuel Cells and Microturbines Investment Tax Credit Extension Past 2016. Tax Parity: S. 2378 - Waterway LNG Parity Act of 2015. H.R. 2315, Mobile Workforce State Income Tax Simplification Act of 2015; H.R. 4016, Amending the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions; H.R. 4377, American Business Competitiveness Act; H.R. 5879, To amend the Internal Revenue Code of 1986 to modify the credit for production from advanced nuclear power facilities; S. 386, Mobile Workforce State Income Tax Simplification Act of 2015; Cost Recovery Reform & Simplification Act; Modernization of Derivatives Tax Act of 2016; A Better Way: A Pro Growth Tax Code for all Americans.
Client expense: $260,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, SENATE, U.S. Forest Service
2016 · fourth_quarter · Taxation/Internal Revenue Code
Issues related to the release of the house working draft on tax reform and H.R. 4377
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
Corporate tax reform; taxation of income and expense related to forest products; issues related to taxation of REITs; American Business Competitiveness Act of 2015 (H.R. 4377); Main Street Fairness Act (H.R. 5076)
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
Tax matters relating to life insurance as proposed in the Presidents FY2016 Budget Proposal, Treasury Greenbook, proposals as regards the fiscal cliff including but not limited to: oModify dividends-received deduction ("DRD") for life insurance company general and separate accounts ISSUE: Taxation of life insurance companies oExpand pro rata interest expense disallowance for interest unrelated to company-owned life insurance ISSUE: Taxation of the business use of life insurance oModify Rules that apply to sales of life insurance contracts ISSUE: The compliance burden and accuracy for life insurance companies oApplication of a Fiscal Crisis Responsibility Fee on to life insurance companies ISSUE: Taxation life insurance companies and products. Tax Reform discussion drafts released and written by the staff of the House Ways & Means Committee or Senate Finance Committee. ISSUE: Taxation of the business use of life insurance and taxation of life insurance companies; deductibility of interest on loans by a non-US affiliate. H.R.2315/S.386: Mobile Workforce State Income Tax Simplification Act of 2013. ISSUE: Withholding from multi-state employees. H.R.4377: American Business Competitiveness Act of 2015. ISSUE: Taxation of Life insurers. H.R.5973: To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes. ISSUE: Taxation of life settlement transactions. S. 386: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. S.3529 - Progressive Consumption Tax Act of 2016. ISSUE: Taxation of Life insurers and products. House Republican Tax Reform Blue Print Treasury Regulations on Section 385 Draft House bill to provide relief from the HHS knock out rule
Client expense: $500,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
Arthur H.R. 4016, Amending the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions; H.R. 4377, American Business Competitiveness Act; A Better Way: A Pro Growth Tax Code for all Americans.
Client expense: $60,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 529 - To amend the Internal Revenue Code of 1986 to improve 529 plans; entire bill H.R. 879 - Ax the Tax on Middle Class Americans Health Plans Act; entire bill H.R. 1270 - Restoring Access to Medication and Improving Health Savings Act of 2016; provisions relating to HSAs and FSAs H.R. 2483 - Independent Contractor Tax Fairness and Simplification Act of 2015; entire bill H.R. 4094 - Universal Savings Account Act; entire bill H.R. 4377 - American Business Competitiveness Act of 2015; entire bill H.R. 4469 - Health Savings Act of 2016; entire bill H.R. 4794 - ABLE Financial Planning Act; entire bill H.R. 4491 - MyRA Act; entire bill H.R. 5261 - Protecting the U.S. Corporate Tax Base Act of 2016; entire bill H.R. 5973 - To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes; entire bill H.R. 6126 - Corporate Transparency and Accountability Act; entire bill S. 335 - To amend the Internal Revenue Code of 1986 to improve 529 plans; entire bill S. 2492 - Encouraging Americans to Save Act; entire bill S. 2499 - Health Savings Act of 2016; entire bill S. 2703 - ABLE Financial Planning Act; entire bill S. 3338 - Small Business Employee Retirement Savings Act; entire bill S. 3471 - Retirement Enhancement and Savings Act (RESA); entire bill Not Yet Introduced: Original Bill to Prevent Identity Theft and Tax Refund Fraud Tax reform discussions relating to life insurers and insurance product taxation, property casualty insurance taxation, savings incentives (both qualified and non-qualified), long-term capital investment, municipal bond interest exclusion, corporate tax rate, corporate business deductions, international corporate taxation, and employee benefits, as well as discussions on tax extenders Not Yet Introduced: Modernization of Derivatives Tax Act of 2016 - Senator Ron Wyden Tax Discussion Draft Not Yet Introduced: Senator Orrin Hatchs corporate integration plan Proposed Treasury regulations under Section 385 relating to debt/equity regs effect on ordinary course of business transactions GOP Blueprint for Tax Reform: provisions relating to individual tax rates, corporate tax rates, charitable contribution deductions, retirement savings incentives, municipal bond interest exemption Not Yet Introduced: Retirement Improvements and Savings Enhancements (RISE) Act Chairmans Mark: Retirement and Enhancement Savings Act of 2016; provisions relating to open MEPs, annuity selection safe harbor, LIDA and lifetime income portability, and Stretch IRAs
Client expense: $770,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
S. 698: Marketplace Fairness Act of 2015; H.R. 235: Permanent Internet Tax Freedom Act; S. 431: Internet Tax Freedom Act; H.R. 2315: Mobile Workforce Act; H.R. 1643: Digital Goods and Services Tax Fairness Act; H.R. 2584: Business Activity Tax Simplification Act; H.R. 2775: Remote Transactions Parity Act; Section 199 Amendments to Domestic Production Deduction Regulations (REG-136459-09); H.R. 4377 - American Business Competitiveness Act of 2015; A Better Way Forward on Tax Reform: House Ways & Means Committee; H.R. 4770: To amend the Internal Revenue Code of 1986 to provide appropriate rules for the application of the deduction for income attributable to domestic production activities with respect to certain contract manufacturing or production arrangements.
Client expense: $150,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Postal Regulatory Commission, SENATE, Treasury, Dept of, U.S. Postal Service (USPS)
2016 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 4377, American Business Competitiveness Act of 2015, provisions related to carry-backs and carry-forwards of Net Operating Losses (NOLs) and related to P&C insurance issues; H.R. 2315/S. 386 - Mobile Workforce State Income Tax Simplification Act of 2105.
Client expense: $800,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Federal Aviation Administration (FAA), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Postal Service (USPS)
2016 · fourth_quarter · Taxation/Internal Revenue Code
LIFO Accounting Methodology (H.R. 4377, Speaker's Tax Reform White Paper)
Client expense: $268,000 · Firm income: Not reported
Government targets: Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
LIFO Accounting Methodology (H.R. 4377, Speaker's Tax Reform White Paper)
Client expense: Not reported · Firm income: $80,000
Government targets: Centers For Medicare and Medicaid Services (CMS), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Insurance
Transparent Insurance Standards Act of 2016, H.R. 5143, all provisions Monitor implementation of (Pub. L. 114-1), the Terrorism Risk Insurance Program Reauthorization Act of 2015, all provisions Monitor implementation of Pub. L. 114-113, Consolidated Appropriations Act, 2016 (contains the Policyholder Protection Act), all provisions Terrorism Risk Insurance Program Reauthorization Act of 2015, H.R. 26, all provisions The Federal Insurance Offices activities at the International Association of Insurance Supervisors, all provisions Monitor implementation of P.L. 113-279, The Insurance Capital Standard Clarification of 2014, all provisions International Insurance Capital Standards Accountability Act - S. 1086, all provisions International Insurance Standards Transparency and Policyholder Protection Act - H.R. 2141, all provisions Financial Regulatory Improvement Act - S. 1484, all provisions Retail Investor Protection Act, H.R. 1090, all provisions Federal Reserve Accountability and Transparency Act of 2014, H.R. 5018, all provisions Office of Financial Research Accountability Act of 2015, H.R. 3738, all provisions Nonprofit Property Protection Act, H.R. 3794, all provisions FILES Act of 2015, H.R. 3890, all provisions FSOC Designation Review Act, H.R. 4248, all provisions Financial Stability Oversight Council Improvement Act of 2015, H.R. 1550, all provisions American Business Competitiveness Act of 2015, H.R. 4377, all provisions Bureau of Consumer Financial Protection Accountability Act of 2015, H.R. 1261, all provisions Consumer Right to Financial Privacy Act of 2015, H.R. 1262, all provisions Bureau of Consumer Financial Protection Advisory Board Enhancement Act, S. 1963, all provisions Consumer Financial Protection Safety and Soundness Improvement Act of 2015, H.R. 1263, all provisions Bureau of Consumer Financial Protection Advisory Boards Act, H.R. 1195, all provisions Financial Regulatory Improvement Act of 2015, S. 1484, all provisions Financial Stability Oversight Council Reform Act, H.R. 3340, all provisions Financial Product Safety Commission Act of 2015, H.R. 1266, all provisions FSOC Transparency and Accountability Act, H.R. 3557, all provisions Office of Financial Research Accountability Act of 2015, H.R. 3738, all provisions To require the Board of Governors of the Federal Reserve System and the Financial Stability Oversight Council to carry out certain requirements under the Financial Stability Act of 2010 before making any new determination under section 113 of such Act, and for other purposes, H.R. 3857, all provisions AFFIRM Act, H.R. 3973, all provisions AFFIRM Act, S. 2244, all provisions Consumer Financial Protection Bureau Accountability Act of 2016, S. 3318, all provisions A bill to amend the Terrorism Risk Insurance Act of 2002 to provide for the release of certain blocked assets, and for other purposes, S. 3442, all provisions Financial CHOICE Act of 2016, H.R. 5983, all provisions Systemic Risk Designation Improvement Act of 2016, H.R. 6391, all provisions Systemic Risk Designation Improvement Act of 2016, H.R. 6390, all provisions U.S. Insurance Regulation Works Act of 2016, H.R. 6436, all provisions
Client expense: $390,000 · Firm income: Not reported
Government targets: Federal Aviation Administration (FAA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2016 · fourth_quarter · Taxation/Internal Revenue Code
Taxation of income and expenses related to forest products; taxation of corporate and pass-thru entities; HR 4377, HR 5076
Client expense: Not reported · Firm income: $110,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · second_quarter · Taxation/Internal Revenue Code
- Issues related to Cadillac Tax - Business Tax Reform; (bills not yet introduced) general corporate reforms, corporate integration proposal, investment reforms, retirement reforms and insurance specific reforms to Subchapter L - International tax reform (bills not yet introduced) - Stretch IRA provision (not yet reintroduced) - Proposed Regulations under IRC - Section 385, governing intercompany transfers - Tax Reform Blueprint - House Ways and Means Committee draft - American Business Competitiveness Act (HR 4377) - all provisions
Client expense: $1,490,000 · Firm income: Not reported
Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)
2016 · fourth_quarter · Taxation/Internal Revenue Code
TAX - Fourth Quarter Report - 2016 Tax matters relating to life insurance as proposed in the Presidents FY2017 Budget Proposal, Treasury Greenbook, proposals including but not limited to: oModify dividends-received deduction ("DRD") for life insurance company general and separate accounts ISSUE: Taxation of life insurance companies oExpand pro rata interest expense disallowance for interest unrelated to company-owned life insurance ISSUE: Taxation of the business use of life insurance oModify Rules that apply to sales of life insurance contracts ISSUE: The compliance burden and accuracy for life insurance companies oApplication of a Fiscal Crisis Responsibility Fee on to life insurance companies ISSUE: Taxation of life insurance companies Tax reform discussion drafts released and written by staff and/or members of the House Ways & Means Committee or Senate Finance Committee. ISSUE: Taxation of the business use of life insurance and taxation of life insurers and products H.R. 2315: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. H.R. 4377: American Business Competitiveness Act of 2015. ISSUE: Taxation of Life insurers. H.R. 5973: To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes. ISSUE: Taxation of life settlement transactions. S. 386: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. S. 3529 - Progressive Consumption Tax Act of 2016. ISSUE: Taxation of Life insurers and products.
Client expense: $800,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
Estate Tax- H.R. 1105 and H.R. 6100, Pass Through Entity Taxation-H.R. 5076 and H.R. 4377, LIFO- H.R. 4377, Craft Beverage Modernization Act of 2015- S.1562 and H.R. 2903
Client expense: $370,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
Tax incentives for low carbon energy resources; H.R. 2315, Mobile Workforce State Income Tax Simplification Act of 2015; H.R. 4016, Amending the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions; H.R. 4377, American Business Competitiveness Act; H.R. 5879, To amend the Internal Revenue Code of 1986 to modify the credit for production from advanced nuclear power facilities; S. 386, Mobile Workforce State Income Tax Simplification Act of 2015; Cost Recovery Reform & Simplification Act; Modernization of Derivatives Tax Act of 2016; A Better Way: A Pro Growth Tax Code for all Americans; H.R. 5440, amending the internal revenue code of 1986 to allow certain regulated companies to elect out of the public utility property energy investment tax credit limitation in the case of solar energy property.
Client expense: $70,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
Tax matters relating to life insurance as proposed in the Presidents FY2017 Budget Proposal, Treasury Greenbook, proposals including but not limited to: oModify dividends-received deduction ("DRD") for life insurance company general and separate accounts ISSUE: Taxation of life insurance companies oExpand pro rata interest expense disallowance for interest unrelated to company-owned life insurance ISSUE: Taxation of the business use of life insurance oModify Rules that apply to sales of life insurance contracts ISSUE: The compliance burden and accuracy for life insurance companies oApplication of a Fiscal Crisis Responsibility Fee on to life insurance companies ISSUE: Taxation of life insurance companies Tax reform discussion drafts released and written by staff and/or members of the House Ways & Means Committee or Senate Finance Committee. ISSUE: Taxation of the business use of life insurance and taxation of life insurers and products H.R.2315: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. H.R.4377: American Business Competitiveness Act of 2015. ISSUE: Taxation of Life insurers. H.R.5973: To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes. ISSUE: Taxation of life settlement transactions. S. 386: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. S.3529 - Progressive Consumption Tax Act of 2016. ISSUE: Taxation of Life insurers and products.
Client expense: $1,134,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Small Business
H.R. 8 - North American Energy Security and Infrastructure Act of 2015 Legislation seeks to promote energy efficiency inside the federal government and improve the security of energy-related infrastructure primarily by expanding the Department of Energys authorities. NSBA supports H.R. 9 - Innovation Act Reforms the patent system and introduces measures that would make it more difficult for small businesses to defend their patents. NSBA opposes H.R. 25 - The Fair Tax Act To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the states. NSBA supports H.R. 1105 - Death Tax Repeal Act of 2015 Bill would repeal the estate and generation-skipping transfer taxes, as well as cut the top gift tax rate. NSBA supports H.R. 1155 - Searching for and Cutting Regulations that are Unnecessarily Burdensome (SCRUB) Act of 2015 This bill would create a special commission to review and repeal regulatory requirements which could be removed without significant impact to the regulations overall effectiveness. NSBA supports H.R. 1732 - Regulatory Protection Act of 2015 The legislation would require the EPA to rewrite the waters of the U.S. rule. NSBA supports H.R. 2028 - FY 2017 Energy and Water Development Appropriations bill The legislation would appropriate over $37 billion to federal programs across the agencies, an increase of $355 million over 2016 levels. However, the spending increases are largely attributed to defense-related programs, while nondefense programs, including those at the Army Corps of Engineers, received cuts. NSBA supported amendments to the bill. H.R. 2045 - TROL Act Legislation would allow the FTC to go after patent trolls which often target small business patent holders. NSBA supports H.R. 2187 - The Fair Investment Opportunities for Professional Experts Act Requires the Securities and Exchange Commission (SEC) to rewrite the accredited investor definition and would codify the current financial thresholds so that they may not be raised by the Securities and Exchange Commission (SEC) except by statute. NSBA supports H.R. 2775 - The Remote Transactions Parity Act of 2015 The bill allows states that meet simplification requirements to require remote sellers to collect taxes due on items purchased by consumers in those states. NSBA is monitoring H.R. 2911 - Small Business Healthcare Relief Act This bill amends the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) to allow an employer with fewer than 50 employees that does not offer group health insurance coverage to establish a health reimbursement arrangement. NSBA supports H.R. 3326 - Defend Trade Secrets Act of 2015 Creates a right of action in federal court for trade secrets violations and creates mechanisms to prevent the release of trade secret information. NSBA supports H.R. 3784 - The SEC Small Business Advocate Act of 2016 This bill would establish an Office of the Small Business Advocate within the SEC to advocate on behalf of small businesses and to be a resource for small businesses. NSBA supports H.R. 4168 - Small Business Capital Formation Enhancement Act The measure will require the Securities and Exchange Commission (SEC) to respond to recommendations made during the annual Government-Business Forum on Small Business Capital Formation. NSBA supports H.R. 4341 - Defending Americas Small Contractors Act of 2016 The bill introduces a number of reforms to increase transparency and the ability of small businesses to compete in the federal marketplace. NSBA supports H.R. 4377 - American Business Competitiveness Act The bill cuts the corporate income tax to 25 percent; limits the top tax rate on non-corporate business income to 25 percent; allows businesses to deduct investment costs when they occur (full expensing); eliminates most business tax credits and many deductions; and moves to a territorial tax system like most developed nations. NSBA is monitoring H.R. 4612 - Midnight Rule Relief Act of 2016 Legislation would prevent agencies from proposing or finalizing regulations from the day after elections to the day of the next presidential inauguration. NSBA supports H.R. 4638 - Main Street Growth Act The legislation seeks to make small business offerings more attractive to investors by creating venture exchanges which will bring together buyers and sellers for of venture securities. NSBA supports H.R. 4768 - Separation of Powers Restoration Act of 2016 Legislation would effectively eliminate Chevron Deference when courts review agency actions. NSBA supports H.R. 4773 - Protecting Workplace Advancement and Opportunity Act Legislation would nullify the Department of Labors overtime exemption rule and would require DOL to perform an economic analysis of how changes to overtime regulations will impact nonprofits, small businesses, and employers in other vulnerable industry sectors before issuing a new rule. NSBA supports H.R. 4783 - Commercializing on Small Business Innovation Act of 2016 Legislation would reauthorize the SBIR/STTR programs through 2022. NSBA supports H.R. 4831 - S-Corp Bill Legislation would amend the tax code to clarify that shareholders in an S-Corp. who acquired their shares through crowdfunding would not count against the 100 shareholder cap. NSBA supports H.R. 4850 - Micro Offering Safe Harbor Act Measure would create an exemption from registration requirements under the Securities Act for certain small securities offerings. NSBA supports H.R. 4852 - the Private Placement Improvement Act Would require the Securities and Exchange Commission (SEC) to amend the requirements for Regulation D offerings. It would also direct the SEC to revise rules regarding 506 offerings of a private fund to characterize as an accredited investor a knowledgeable employee of that private fund or the funds investment advisor. NSBA is monitoring H.R. 4854 - Supporting Americas Innovators Act Legislation would amend the Investment Company Act of 1940 to expand the investor limitation for qualifying venture capital funds under an exemption from the definition of an investment company. NSBA is monitoring H.R. 4855 - Fix Crowdfunding Act Measure would amend the crowdfunding provisions included in the Jobs Act and would increase the crowdfunding limit from $1 million to $5 million. NSBA is monitoring H.R. 4909 - FY 2017 National Defense Authorization Act H.R. 4909 authorizes $610 billion in spending for the DOD and also makes a number of changes to the procurement process for small firms. NSBA supports H.R. 5064 - the Improving Small Business Cyber Security Act of 2016 Will allow Small Business Development Centers (SBDCs) to assist small businesses in developing or enhancing their cyber-security infrastructure, cyber threat awareness, and cyber training programs for employees. NSBA supports H.R. 5076 - Main Street Fairness Act Establishes that businesses that file their taxes as pass-through income-sole proprietorships, partnerships, LLCs and S corporations-will never pay a higher tax rate than their larger counterparts. NSBA supports H.R. 5156 - Small Business Credit Card Act of 2016 Legislation would further protect small-business owners credit cards from unfair and deceptive practices of credit card companies. NSBA supports H.R. 5813 - Overtime Reform and Enhancement Act Will initiate a reasonable three-year phase-in of the Department of Labors new overtime rule. NSBA supports H.R. 6094 - Regulatory Relief for Small Businesses, Schools, and Nonprofits Act Bill would delay by six months the Department of Labors (DOLs) overtime rule, which is set to take effect in December 2016 to June 2017. NSBA supports H.J. Res. 71 - Clean Power Plan - Congressional Review Act This resolution would invoke the Congressional Review Act and roll back the Clean Power Plan regulations promulgated by the EPA to cut carbon emissions. NSBA Supports H.J. Res. 72 - Clean Power Plan - Congressional Review Act This resolution would invoke the Congressional Review Act and roll back the Clean Power Plan regulations promulgated by the EPA to cut carbon emissions. NSBA supports H.J.Res. 95 A resolution under the Congressional Review Act to protect workers, students, nonprofit organizations, and small-business owners from the consequences of the Department of Labors controversial overtime rule. NSBA supports S. 155 - the Fair Tax Act To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the states. NSBA supports S. 632 - STRONG Patent Act The bill introduces modest patent reforms that would afford small businesses greater protections for their patents. NSBA supports S.698 - Marketplace Fairness Act of 2015 The bill would require eCommerce sellers who gross over $1million in remote (out-of-state) sales per year to collect sales tax from buyers in all 45 states (plus D.C.) that impose a sales tax. NSBA is monitoring S. 1137 - PATENT Act Reforms the patent system and introduces measures that would make it more difficult for small businesses to defend their patents. NSBA opposes S. 1140 - Federal Water Quality Protection Act The legislation would require the EPA to rewrite the waters of the U.S. rule. NSBA supports S. 1584 - Renewable Fuel Standard Repeal Act The bill would remove the renewable fuel standard. NSBA is monitoring S. 1607 - Independent Agency Regulatory Analysis Act of 2015 Creates a procedure whereby the president can require independent regulatory agencies to comply with the same rulemaking requirements that other agencies do. NSBA supports S. 1683 - Searching for and Cutting Regulations that are Unnecessarily Burdensome (SCRUB) Act of 2015 This bill would create a special commission to review and repeal regulatory requirements which could be removed without significant impact to the regulations overall effectiveness. NSBA supports S. 1697 - Small Business Healthcare Relief Act This bill amends the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) to allow an employer with fewer than 50 employees that does not offer group health insurance coverage to establish a health reimbursement arrangement. NSBA supports S. 1890 - Defend Trade Secrets Act of 2015 Creates a right of action in federal court for trade secrets violations and creates mechanisms to prevent the release of trade secret information. NSBA supports S. 2006 - Regulatory Accountability Act of 2015 Legislation amends the APA to require that regulating agencies do more thorough examinations of the costs and benefits of promulgating regulations. NSBA supports S. 2012 - Energy Policy Modernization Act of 2015 Measure would make a number of changes impacting the security and the reliability of the energy grid. NSBA supports S. 2582 - Midnight Rule Relief Act of 2016 The bill would prevent agencies from proposing or finalizing regulations from the day after elections to the day of the next presidential inauguration. NSBA supports S. 2696 - Protect Small Business Jobs Act of 2016 Would create a six month grace period for first time regulations violations by small businesses which do not place anyone in imminent danger. NSBA supports S. 2707 - Protecting Workplace Advancement and Opportunity Act Legislation would nullify the Department of Labors overtime exemption rule and would require DOL to perform an economic analysis of how changes to overtime regulations will impact nonprofits, small businesses, and employers in other vulnerable industry sectors before issuing a new rule. NSBA supports S. 2724 - Separation of Powers Restoration Act of 2016 Legislation would effectively eliminate Chevron Deference when courts review agency actions. NSBA supports S. 2733 - Venue Equity and Non-Uniformity Elimination Act of 2016 This legislation will make changes to existing venue requirements in patent infringement litigation. NSBA opposes S. 2792 - Rapid Innovation Fund Enhancement Act of 2016 Legislation would reform the RIF program to ensure small businesses are always able to participate. NSBA supports S. 2793 - SBIR/STTR Reauthorization Act of 2016 The legislation would permanently reauthorize the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The programs are currently set to expire in 2017. NSBA supports S. 2812 - SBIR/STTR Reauthorization Act of 2016 Legislation would permanently reauthorize the SBIR and STTR programs. NSBA supports S. 2847 - Prove It Act Legislation would allow the Chief Counsel of Advocacy to challenge an agency certification of no significant impact on small businesses under the Regulatory Flexibility Act. NSBA is monitoring S. 2898 - the Small Business National Security Innovation Act of 2016 Legislation would allow SBIR and STTR small businesses to more easily contract to do follow-on work. NSBA supports S. 3464 - the Overtime Reform and Review Act Bill would phase in the new salary overtime threshold over five years, and would require the Government Accountability Office (GAO) to conduct a report during the rules first year to assess its economic effects. NSBA supports S.J. Res. 22 - WOTUS Congressional Review Act Resolution This resolution would invoke the Congressional Review Act and roll back the WOTUS rule which EPA finalized in May 2015. NSBA supports S.J.Res.34 A resolution under the Congressional Review Act (CRA) that would block implementation of the administrations overtime rule. NSBA supports
Client expense: $34,500 · Firm income: Not reported
Government targets: Bureau of Citizenship & Immigration Services (BCIS), Centers For Medicare and Medicaid Services (CMS), Commerce, Dept of (DOC), Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), 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), Intl Trade Administration (ITA), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Office of Personnel Management (OPM), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
2016 · third_quarter · Taxation/Internal Revenue Code
Taxation of income and expenses related to forest products, issues related to the taxation of REITs; American Business Competitiveness Act of 2015 (H.R. 4377); Main Street Fairness Act (H.R. 5076).
Client expense: $435,931 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Council on Environmental Quality (CEQ), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE
2016 · third_quarter · Taxation/Internal Revenue Code
Issues related to the release of the house working draft on tax reform and H.R. 4377
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Taxation/Internal Revenue Code
HR 2029: CONSOLIDATED APPROPRIATIONS ACT, 2016; PROVISIONS REGARDING CHARITABLE CARRY FORWARD, BONUS DEPRECIATIONS, CYBERSECURITY & CADILLAC TAX HR 4016: TO AMEND THE INTERNAL REVENUE CODE OF 1986 TO EXTEND THE LIMITATION ON THE CARRYOVER OF EXCESS CORPORATE CHARITABLE CONTRIBUTIONS; ALL PROVISIONS OF THE BILL HR 4377: AMERICAN BUSINESS COMPETITIVENESS ACT OF 2015, ALL PROVISIONS OF THE BILL
Client expense: $550,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Taxation/Internal Revenue Code
Issues pertaining to corporate and individual tax reform including bank or SIFI excise tax proposals as well as the deductibility of business interest; H.R. 2584, Business Activity Tax Simplification Act, all provisions; Issues pertaining to New Markets Tax Credits including S. 591, New Markets Tax Credit Extension Act of 2015 and H.R. 855, New Markets Tax Credit Extension Act of 2015; S.386, Mobile Workforce State Income Tax Simplification Act of 2015, all provisions; H.R. 2315, Mobile Workforce State Income Tax Simplification Act of 2015, all provisions; Issues relating to worker classification; Issues pertaining to Department of Treasury Notice of Proposed Rulemaking on section 385, treatment of certain interests in corporations as stock or indebtedness; H.R. 4377, The American Business Competitiveness Act of 2015, issues pertaining to financial services.
Client expense: $1,090,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2016 · third_quarter · Taxation/Internal Revenue Code
H.R. 898: Energy Production Fairness Act; all provisions H.R. 905: LNG Excise Tax Equalization Act of 2015; all provisions H.R. 4297: To impose certain requirements on the Secretary of the Treasury relating to transmittals of country-by-country reports for purposes of the Base Erosion and Profit Shifting Action Plan; all provisions H.R. 4377: American Business Competitiveness Act of 2015; all provisions H. Con. Res. 125: Establishing the budget for the United States Government for fiscal year 2017 and setting forth appropriate budgetary levels for fiscal years 2018 through 2026; all provisions relating to energy S. 344: A bill to amend the Internal Revenue Code of 1986 to equalize the excise tax on liquefied petroleum gas and liquefied natural gas; all provisions General Discussions Related to TAX (no specific Bill #): FY2017 Appropriations Tax Reform Federal Excise Tax Modification Highway Trust Fund Funding Obama Administration Budget/Tax Proposals re: Oil Industry and Corporate Taxes Oil Spill Liability Trust Fund Tax Increase Proposed Regulations Regarding Related-Party Debt (Section 385) Senate Finance Committee Draft Corporate Tax Reform Proposals Tax Credit Extenders The President's Framework for Business Tax Reform
Client expense: $1,680,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Energy, Dept of, Environmental Protection Agency (EPA), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Interior, Dept of (DOI), Natl Security Council (NSC), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Agency for International Development (USAID), U.S. Chemical Safety & Hazard Investigation Board, U.S. Trade Representative (USTR)
2016 · third_quarter · Taxation/Internal Revenue Code
H.R. 5818 Mandated Expenses Tax Relief Act; H.R. 1087 Wireless Telecommunications Tax and Fee Collection Fairness Act; H.R. 1397 Seniors Tax Simplification Act; H.R. 1528 End Discriminatory State Taxes for Automobile Rentals; H.R. 1643 Digital Goods and Services Tax Fairness Act; H.R. 1855/S.987 Small Business Tax Equity Act of 2015 ; H.R. 2315 Mobile Workforce State Income Tax Simplification Act; H.R. 27 Tax Code Termination Act; H.R. 2775 Remote Transactions parity Act ; H.R. 2842 Individual Rate Simplification Act; H.R. 2946 IncentivizeCorporate America Act; H.R. 3017 Invest in America Act; H.R. 3083 Bring Jobs Back to America Act; H.R. 3213 Fixed Asset Relief Act; H.R. 3267 Paycheck Relief Act; H.R. 4377 American Business Competiveness Act; H.R. 4518 Corporate Rate Equality and Trade Empowerment Jobs Act; H.R. 4581 Stop Corporate Earnings Stripping Act; H.R. 6098 Transparent Recognition of Unjustified Tax Hoarding in Government Act; H.R.2584 Buisness Activity Tax Simplification Act; H.R.5076 MainStreetFairnessAct; HR ___ Hybrid Origin Discussion Draft; S. 1261 Wireless Telecommunications Tax and Fee Collection Fairness Act; S. 3436/H.R. 6100 Protect Family Farms and Businesses Act.; S. 698 Marketplace Fairness Act; S.2650/H.R. 5946 United States Appreciation for Olympians and Paralympians Act;
Client expense: $100,000 · Firm income: Not reported
Government targets: Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Taxation/Internal Revenue Code
H.R. 915 (Voices for Veterans Act); H.R. 1295 (Trade Preferences Extension Act of 2015); H.R. 2229 (Municipal Bond Market Support Act of 2015); H.R. 4377 (American Business Competitiveness Act of 2015); H.R. 5592 (Derivatives Oversight and Taxpayer Protection Act); S. 161 (Paying a Fair Share Act of 2015); S. 922 (Corporate Tax Dodging Prevention Act); S. 1186 (Move America Act of 2015); S. 2252 (Fair Playing Field Act of 2015); S. 3118 (Derivatives Oversight and Taxpayer Protection Act); Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation; U.S. and foreign Financial Transaction Tax Legislation Proposals; Tax issues related to standardization of credit default swaps and derivatives transactions; Financial Fee (Bank tax); Tax treatment of capital gains and dividends; Tax classification of independent contractors; Taxation of cross-border equity swaps; Corporate tax reporting rules; Tax reporting requirements for foreign financial institutions on certain foreign accounts; Foreign Account Tax Compliance Act of 2010 (FATCA); Securities cost basis reporting regulations; International tax reform; United States individual and business taxation; Preservation of tax incentives for retirement plans; Issues related to proposals to impose an asset tax on financial institutions; Issues related to proposals to limit the deductability or risk fee of FDIC assessments; Income tax withholding with respect to I.R.C. 305(c) deemed dividends; Tax Reform Legislation; Financial Transaction Tax (FTT). Issues related to taxation of negative interest payments; Issues related to the taxation of Total Loss Absorbency Capacity (TLAC) securities; Issues related to taxation of securities transactions, including market to market for derivatives; Draft legislation to prevent identity theft and tax refund fraud (Form 1099 accelerated filing dates); Achieving a Better Life Experience (ABLE) Act implementation; IRS regulations on dividend equivalents under Section 871(m); U.S. Treasury participation in Organisation for Economic Co-operation and Development discussions regarding deductibility of interest for financial firms; Tax treatment of municipal bond interest; Treasury regulations under Internal Revenue Code Section 385; Modernization of Derivatives Tax Act (MODA); Chapters 3 and 4 of Subtitle A of the Internal Revenue Code (responsibilities of financial institutions); A Better Way Forward on Tax Reform blueprint; Simplifying American Tax System (SAT).
Client expense: $1,620,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Ginnie Mae, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Credit Union Administration (NCUA), Natl Economic Council (NEC), Natl Security Council (NSC), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR)
2016 · third_quarter · Taxation/Internal Revenue Code
Comprehensive tax reform, generally Energy tax extenders legislation, generally H.R.2510, to amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation; H.R.4377, the American Business Competitiveness Act of 2015; H.R. 4441, FAA Reauthorization; S. 2658, the Federal Aviation Administration Reauthorization Act of 2016. S. 2658, FAA Reauthorization Act of 2016;
Client expense: $3,270,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Taxation/Internal Revenue Code
Corporate tax reform; taxation of income and expense related to forest products; issues related to taxation of REITs; American Business Competitiveness Act of 2015 (H.R. 4377); Main Street Fairness Act (H.R. 5076)
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Taxation/Internal Revenue Code
Tax reform blueprint by House Republicans as part of the Better Way initiative. H.R. 4377, the "American Business Competitiveness Act." Tax reform, generally.
Client expense: $190,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Taxation/Internal Revenue Code
H.R. 529 - To amend the Internal Revenue Code of 1986 to improve 529 plans; entire bill H.R. 879 - Ax the Tax on Middle Class Americans Health Plans Act; entire bill H.R. 1270 - Restoring Access to Medication and Improving Health Savings Act of 2016; provisions relating to HSAs and FSAs H.R. 2483 - Independent Contractor Tax Fairness and Simplification Act of 2015; entire bill H.R. 4094 - Universal Savings Account Act; entire bill H.R. 4377 - American Business Competitiveness Act of 2015; entire bill H.R. 4469 - Health Savings Act of 2016; entire bill H.R. 4794 - ABLE Financial Planning Act; entire bill H.R. 4491 - MyRA Act; entire bill H.R. 5261 - Protecting the U.S. Corporate Tax Base Act of 2016; entire bill H.R. 5973 - To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes; entire bill H.R. 6126 - Corporate Transparency and Accountability Act; entire bill S. 335 - To amend the Internal Revenue Code of 1986 to improve 529 plans; entire bill S. 2492 - Encouraging Americans to Save Act; entire bill S. 2499 - Health Savings Act of 2016; entire bill S. 2703 - ABLE Financial Planning Act; entire bill S. 3338 - Small Business Employee Retirement Savings Act; entire bill Not Yet Introduced: Original Bill to Prevent Identity Theft and Tax Refund Fraud Tax reform discussions relating to life insurers and insurance product taxation, property casualty insurance taxation, savings incentives (both qualified and non-qualified), long-term capital investment, municipal bond interest exclusion, corporate tax rate, corporate business deductions, international corporate taxation, and employee benefits, as well as discussions on tax extenders Not Yet Introduced: Modernization of Derivatives Tax Act of 2016 - Senator Ron Wyden Tax Discussion Draft Not Yet Introduced: Senator Orrin Hatchs corporate integration plan Proposed Treasury regulations under Section 385 relating to debt/equity regs effect on ordinary course of business transactions GOP Blueprint for Tax Reform: provisions relating to individual tax rates, corporate tax rates, charitable contribution deductions, retirement savings incentives, estate taxes, AMT Not Yet Introduced: Retirement Improvements and Savings Enhancements (RISE) Act Chairmans Mark: Retirement and Enhancement Savings Act of 2016; provisions relating to open MEPs, annuity selection safe harbor, LIDA and lifetime income portability, and Stretch IRAs
Client expense: $560,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · second_quarter · Taxation/Internal Revenue Code
- Issues related to Cadillac Tax - Business Tax Reform; (bills not yet introduced) general corporate reforms, corporate integration proposal, investment reforms, retirement reforms and insurance specific reforms to Subchapter L - International tax reform (bills not yet introduced) - Stretch IRA provision (not yet reintroduced) - Proposed Regulations under IRC - Section 385, governing intercompany transfers - Tax Reform Blueprint - House Ways and Means Committee draft - American Business Competitiveness Act (HR 4377) - all provisions
Client expense: $1,490,000 · Firm income: Not reported
Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)