Economic Development Act for Distressed Zones of 2018

General issues related to tax reform, including Opportunity Zones (H.R.1) H.R.6785 - Economic Development Act for Distressed Zones of 2018

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

Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

Opportunity Zones and Distressed Zones (HR 6785)

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S.602 - A bill to amend the Internal Revenue Code of 1986 to include automated fire sprinkler system retrofits as section 179 property and classify certain automated fire sprinkler system retrofits as 15-year property for purposes of depreciation, ALL PROVISIONS H.R.1670 - To eliminate the incentive for corporations to continue to hold accumulated earnings offshore, to invest in domestic infrastructure, to provide for international tax reform, and for other purposes, ALL PROVISIONS Monitor implementation of (Pub. L. 114-113), Consolidated Appropriations Act, 2016 (contains provisions that amend the Internal Revenue Code of 1986 to increase the alternative tax liability limitation for small property and casualty insurance companies and delays for two years the implementation of the Cadillac Tax on high-cost health plans) , ALL PROVISIONS 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. 6270/S. 3424, ALL PROVISIONS H.R.1 - An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, ALL PROVISIONS H.R.5651 - Puerto Rico Insurance Excise Tax Exemption Act of 2018 - To amend the Internal Revenue Code of 1986 to exempt from the foreign insurer excise tax certain insurance policies, ALL PROVISIONS H.R.6746 - Protecting American Taxpayers and Homeowners Act of 2018 , ALL PROVISIONS H.R.6785 - To provide tax incentives to promote economic development in Economically Distressed Zones, ALL PROVISIONS H.R.7058 - Digital Goods and Services Tax Fairness Act of 2018 - To promote neutrality, simplicity, and fairness in the taxation of digital goods and digital services (Lamar Smith, R-TX), ALL PROVISIONS H.R.7176 - Restoring Economic Opportunities for Small Family C-Corporations- To amend the Internal Revenue Code of 1986 to reestablish the 15 percent corporate rate bracket (Steve King, R-IA), ALL PROVISIONS

Opportunity Zones and Distressed Zones (HR 6785)

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 5282. S. 2526, Retirement Enhancement and Security Act (RESA) Allowing for open multiple employer plans: HR. 854, HR. 4637 Increasing retirement plan start-up credit for small business plans: HR. 4637, HR. 3902 Removing 10% auto-escalation limit: HR. 4637 Nondiscrimination testing: HR. 1962 PBGC premiums for CSEC plans: HR. 3596 Form 5500 reforms: HR. 1688 Portability of Lifetime income products: HR. 3910 403(b) retirement account participation clarification: HR. 2341 Annuity provider selection safe harbor: HR. 4604 Treatment of stipend payments: HR. 2916 Lifetime Income Disclosure: HR. 2055, S. 868 Tax treatment of qualified reimbursement payments to volunteer emergency responders: HR. 1550 H.R. 4610, RETIRE Act-- E-Delivery of retirement plan documents H.R. 4524, the Retirement Simplification and Enhancement Act--401(k) plan improvements and lifetime income provisions. H.R. 4523, the Automatic Retirement Plan Act--mandatory 401(k) H.R. 4637, The Small Businesses Add Value for Employees (SAVE) Act of 2017--various retirement savings improvement provisions. H.R. 4604, The Increasing Access to a Secure Retirement Act--measures to bolster Americans retirement security and annuity selection safe harbor. H.R.3857, PASS Act of 2017--Alternative to the DOL fiduciary rule SEC Best Interest Standard of Care for providing financial advice Department of Labor Fiduciary Rule for investment advice and related Congressional activity SEC Best Interest Rule Proposal-- proposed best interest standard for investment advice includes three main components: (1) Regulation Best Interest for Broker-Dealers; (2) Interpretive Guidance Regarding Standards for Conduct for Investment Advisors; and (3) A CSR Relationship Summary, a required disclosure in retail communications, and restrictions on BDs use of certain names and titles (i.e., advisor and adviser). S. 1383: Retirement Security Act of 2017. Issue: retirement security H.R. 2823, the Affordable Retirement Advice for Savers Act. Issue: alternative to the DOL fiduciary rule H.R. 3596, Rightsizing Pension Premiums Act of 2017: amends ERISA to alter the premiums for CSEC organizations. (Discussed this bill in the context of RESA) Pub.L. 111-148-The Patient Protection and Affordable Care Act, Issue: Assessments under state-based insurance exchanges. H.R.4225/S.2241 Legislation amending Affordable Care Act provisions on health exchange assessments. Issue: Health Exchange Assessments HR _____/ S._____ Appropriations for 2019 to support funding for SSA and SSDI hearing backlog. Issue: disability insurance. H.R. ___/S.___ Draft legislation on tax treatment and consumer financing for long-term care insurance. Issue: expanding long term care insurance coverage. H.R.____/S._____ Draft legislation to expand IRC Section 125 cafeteria plans to include long term care insurance. Issue: expanding long term care insurance. H.R.___/S._____ Draft legislation to allow auto enrollment of private disability insurance in employer provided plans. H.R. 5138, HR 6128 Legislation to expand use of HSAs. S. 3197, the SIMPLE Plan Modernization Act-- to enhance Savings Incentive Match Plan for Employees (SIMPLE) plans S.3221, Refund to Rainy Day Savings Act-- encourages people to save their tax refunds S.3218, Strengthening Financial Security Through Short-Term Savings Act-- facilitates emergency savings to prevent retirement account leakage S.3221, Retirement Flexibility Act-- expands the number of employers using automatic enrollment, automatic escalation, and other best practices S.3219, Small Business Employees Retirement Enhancement Act -- expends access to workplace retirement savings plans by allowing for open MEPs S. 3242, the American Savings Act- Bill to create a private sector Thrift Savings Plan (TSP) H.R. 6757, Family Savings Act-collection of retirement security changes to expand access to retirement plans and savings opportunities H.R. 6760, Protecting Family and Small Business Tax Cuts Act-- bill to make permanent several tax provisions that were enacted in 2017 and are scheduled to expire at the end of 2025. H.R. 6756American Innovation Act-improved expensing and capital rules for small businesses S. 3436, the Womens Pension Protection Act of 2018-- apply a modified version of the spousal consent rules to all defined contribution plans, and would require plans to offer participation to long-term part-time employees. HR 6990, Portable Retirement and Investment Account (PRIA) Act--Creates a government-run retirement system. S.2427/H.R. 6540, the Retirement Savings Lost and Found Act. Bill to create an online registry to enable retirement plan participants and beneficiaries to locate the plan administrator. H.R.6746 - Protecting American Taxpayers and Homeowners Act of 2018 H.R.6785 - To provide tax incentives to promote economic development in Economically Distressed Zones S.3781--Retirement Security and Savings Act of 2018, a bill to improve retirement security S. 3636--The Encouraging Americans to Save Act, savers tax credit expansion/match with myRA HR. 88--Retirement, Savings, and Other Tax Relief Act of 2018 (formerly Shiloh National Military Park Boundary Adjustment and Parker's Crossroads Battlefield Designation Act), make a variety of changes to the tax code. The bill would extend many tax provisions that expired at the end of 2017 and provide tax relief for victims of disasters, modify the requirements for tax-favored savings accounts and employer-provided retirement plans, change the deduction for start-up and organizational expenditures, make technical corrections to Public Law 115-97, and eliminate the increase in unrelated business taxable income related to certain transportation fringe benefits, among other things. S.3771--The Retirement Parity for Student Loans Act of 2018, permit401(k), 403(b), and SIMPLE retirement plans to make matching contributions to workers as if their student loan payments were salary reduction contributions. S.3795--Receiving Electronic Statements To Improve Retiree Earnings Act, amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to authorize the electronic delivery of pension plan documents required to be furnished to a plan participant, beneficiary, or other individual. H.R.6990--Portable Retirement and Investment Account Act, To create portable retirement and investment accounts for all Americans, and for other purposes

Opportunity Zones and Distressed Zones (HR 6785).

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Earned Income Tax Credit, Child Tax Credit, Distressed Zones (HR 6785) and Opportunity Zones.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Opportunity Zones and Distressed Zones (HR 6785)

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

General issues related to tax reform, including Opportunity Zones (H.R.1) H.R.6785 - Economic Development Act for Distressed Zones of 2018

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

Government targets: Energy, Dept of, Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

Parity issues as related to the Earned Income Tax Credit and the Child Tax Credit for Puerto Rico; Opportunity Zones; and H.R. 6785 - Economic Development Act for Distressed Zones of 2018, all provisions.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S.602 - A bill to amend the Internal Revenue Code of 1986 to include automated fire sprinkler system retrofits as section 179 property and classify certain automated fire sprinkler system retrofits as 15-year property for purposes of depreciation, ALL PROVISIONS H.R.1670 - To eliminate the incentive for corporations to continue to hold accumulated earnings offshore, to invest in domestic infrastructure, to provide for international tax reform, and for other purposes, ALL PROVISIONS Monitor implementation of (Pub. L. 114-113), Consolidated Appropriations Act, 2016 (contains provisions that amend the Internal Revenue Code of 1986 to increase the alternative tax liability limitation for small property and casualty insurance companies and delays for two years the implementation of the Cadillac Tax on high-cost health plans) , ALL PROVISIONS 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. 6270/S. 3424, ALL PROVISIONS H.R.1 - An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, ALL PROVISIONS H.R.5651 - Puerto Rico Insurance Excise Tax Exemption Act of 2018 - To amend the Internal Revenue Code of 1986 to exempt from the foreign insurer excise tax certain insurance policies, ALL PROVISIONS H.R.6746 - Protecting American Taxpayers and Homeowners Act of 2018 , ALL PROVISIONS H.R.6785 - To provide tax incentives to promote economic development in Economically Distressed Zones, ALL PROVISIONS

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

H.R. 5282. S. 2526, Retirement Enhancement and Security Act (RESA) Allowing for open multiple employer plans: HR. 854, HR. 4637 Increasing retirement plan start-up credit for small business plans: HR. 4637, HR. 3902 Removing 10% auto-escalation limit: HR. 4637 Nondiscrimination testing: HR. 1962 PBGC premiums for CSEC plans: HR. 3596 Form 5500 reforms: HR. 1688 Portability of Lifetime income products: HR. 3910 403(b) retirement account participation clarification: HR. 2341 Annuity provider selection safe harbor: HR. 4604 Treatment of stipend payments: HR. 2916 Lifetime Income Disclosure: HR. 2055, S. 868 Tax treatment of qualified reimbursement payments to volunteer emergency responders: HR. 1550 H.R. 4610, RETIRE Act-- E-Delivery of retirement plan documents H.R. 4524, the Retirement Simplification and Enhancement Act--401(k) plan improvements and lifetime income provisions. H.R. 4523, the Automatic Retirement Plan Act--mandatory 401(k) H.R. 4637, The Small Businesses Add Value for Employees (SAVE) Act of 2017--various retirement savings improvement provisions. H.R. 4604, The Increasing Access to a Secure Retirement Act--measures to bolster Americans retirement security and annuity selection safe harbor. H.R.3857, PASS Act of 2017--Alternative to the DOL fiduciary rule SEC Best Interest Standard of Care for providing financial advice Department of Labor Fiduciary Rule for investment advice and related Congressional activity SEC Best Interest Rule Proposal-- proposed best interest standard for investment advice includes three main components: (1) Regulation Best Interest for Broker-Dealers; (2) Interpretive Guidance Regarding Standards for Conduct for Investment Advisors; and (3) A CSR Relationship Summary, a required disclosure in retail communications, and restrictions on BDs use of certain names and titles (i.e., advisor and adviser). S. 1383: Retirement Security Act of 2017. Issue: retirement security H.R. 2823, the Affordable Retirement Advice for Savers Act. Issue: alternative to the DOL fiduciary rule H.R. 3596, Rightsizing Pension Premiums Act of 2017: amends ERISA to alter the premiums for CSEC organizations. (Discussed this bill in the context of RESA) Pub.L. 111-148-The Patient Protection and Affordable Care Act, Issue: Assessments under state-based insurance exchanges. H.R.4225/S.2241 Legislation amending Affordable Care Act provisions on health exchange assessments. Issue: Health Exchange Assessments HR _____/ S._____ Appropriations for 2019 to support funding for SSA and SSDI hearing backlog. Issue: disability insurance. H.R. ___/S.___ Draft legislation on tax treatment and consumer financing for long-term care insurance. Issue: expanding long term care insurance coverage. H.R.____/S._____ Draft legislation to expand IRC Section 125 cafeteria plans to include long term care insurance. Issue: expanding long term care insurance. H.R.___/S._____ Draft legislation to allow auto enrollment of private disability insurance in employer provided plans. H.R. 5138, HR 6128 Legislation to expand use of HSAs. S. 3197, the SIMPLE Plan Modernization Act-- to enhance Savings Incentive Match Plan for Employees (SIMPLE) plans S.3221, Refund to Rainy Day Savings Act-- encourages people to save their tax refunds S.3218, Strengthening Financial Security Through Short-Term Savings Act-- facilitates emergency savings to prevent retirement account leakage S.3221, Retirement Flexibility Act-- expands the number of employers using automatic enrollment, automatic escalation, and other best practices S.3219, Small Business Employees Retirement Enhancement Act -- expends access to workplace retirement savings plans by allowing for open MEPs S. 3242, the American Savings Act- Bill to create a private sector Thrift Savings Plan (TSP) H.R. 6757, Family Savings Act-collection of retirement security changes to expand access to retirement plans and savings opportunities H.R. 6760, Protecting Family and Small Business Tax Cuts Act-- bill to make permanent several tax provisions that were enacted in 2017 and are scheduled to expire at the end of 2025. H.R. 6756American Innovation Act-improved expensing and capital rules for small businesses S. 3436, the Womens Pension Protection Act of 2018-- apply a modified version of the spousal consent rules to all defined contribution plans, and would require plans to offer participation to long-term part-time employees. HR 6990, Portable Retirement and Investment Account (PRIA) Act--Creates a government-run retirement system. S.2427/H.R. 6540, the Retirement Savings Lost and Found Act. Bill to create an online registry to enable retirement plan participants and beneficiaries to locate the plan administrator. H.R.6746 - Protecting American Taxpayers and Homeowners Act of 2018 H.R.6785 - To provide tax incentives to promote economic development in Economically Distressed Zones