Legislative Progress
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
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vs 9,062 other HR bills in the 116th — cohort avg 39d
Invest in America Act This bill repeals several tax provisions that were included in the Foreign Investment in Real Property Tax Act of 1980. The bill repeals provisions that imposed (1) capital gains taxes on dispositions of investments in U.S. real property by foreign citizens, and (2) related tax withholding and reporting requirements.
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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
2023 · fourth_quarter · Transportation
Infrastructure Finance issues (e.g., repatriation, Highway Trust Fund) Public-Private Partnerships, TIFIA modernization Permitting requirements (e.g., NEPA) Repeal of FIRPTA (Invest in America Act, H.R. 2210) Move America Act Potential tariffs on fabricated structural steel
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT), Treasury, Dept of
2023 · third_quarter · Transportation
Infrastructure Finance issues (e.g., repatriation, Highway Trust Fund) Public-Private Partnerships, TIFIA modernization Permitting requirements (e.g., NEPA) Repeal of FIRPTA (Invest in America Act, H.R. 2210) Move America Act Potential tariffs on fabricated structural steel
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT), Treasury, Dept of
2023 · second_quarter · Transportation
Infrastructure Finance issues (e.g., repatriation, Highway Trust Fund) Public-Private Partnerships, TIFIA modernization Permitting requirements (e.g., NEPA) Repeal of FIRPTA (Invest in America Act, H.R. 2210) Move America Act Potential tariffs on fabricated structural steel
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT), Treasury, Dept of
2023 · first_quarter · Transportation
Infrastructure Finance issues (e.g., repatriation, Highway Trust Fund) Public-Private Partnerships, TIFIA modernization Permitting requirements (e.g., NEPA) Repeal of FIRPTA (Invest in America Act, H.R. 2210) Move America Act Potential tariffs on fabricated structural steel
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT), Treasury, Dept of
2022 · fourth_quarter · Transportation
Infrastructure Finance issues (e.g., repatriation, Highway Trust Fund) Public-Private Partnerships, TIFIA modernization Permitting requirements (e.g., NEPA) Repeal of FIRPTA (Invest in America Act, H.R. 2210) Move America Act Potential tariffs on fabricated structural steel
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT), Treasury, Dept of
| Democratic |
| PA |
| Danny K. Davis | Democratic | IL |
| Darin LaHood | Republican | IL |
| Darren Soto | Democratic | FL |
| Devin Nunes | Republican | CA |
| Donald S. Beyer, Jr. | Democratic | VA |
| Earl Blumenauer | Democratic | OR |
| George Holding | Republican | NC |
| Jackie Walorski | Republican | IN |
| Jodey C. Arrington | Republican | TX |
| Kenny Marchant | Republican | TX |
| Mark Walker | Republican | NC |
| Pete Aguilar | Democratic | CA |
| Peter T. King | Republican | NY |
| Raul Ruiz | Democratic | CA |
| Ron Kind | Democratic | WI |
| Steven Horsford | Democratic | NV |
| Thomas R. Suozzi | Democratic | NY |
2022 · third_quarter · Transportation
Infrastructure Finance issues (e.g., repatriation, Highway Trust Fund) Public-Private Partnerships, TIFIA modernization Permitting requirements (e.g., NEPA) Repeal of FIRPTA (Invest in America Act, H.R. 2210) Move America Act Potential tariffs on fabricated structural steel
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT), Treasury, Dept of
2022 · second_quarter · Transportation
Infrastructure Finance issues (e.g., repatriation, Highway Trust Fund) Public-Private Partnerships, TIFIA modernization Permitting requirements (e.g., NEPA) Repeal of FIRPTA (Invest in America Act, H.R. 2210) Move America Act Potential tariffs on fabricated structural steel
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT), Treasury, Dept of
2022 · first_quarter · Transportation
Infrastructure finance issues (e.g., repatriation, Highway Trust Fund) Public-Private Partnerships, TIFIA modernization Permitting requirements (e.g. NEPA) Repeal of FIRPTA (Invest in America Act, H.R. 2210) Potential tariffs on fabricated structural steel Transportation matters in the Bipartisan Infrastructure and Reconciliation Frameworks
Client expense: $1,126,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT)
2022 · first_quarter · Transportation
Infrastructure Finance issues (e.g., repatriation, Highway Trust Fund) Public-Private Partnerships, TIFIA modernization Permitting requirements (e.g., NEPA) Repeal of FIRPTA (Invest in America Act, H.R. 2210) Move America Act Potential tariffs on fabricated structural steel
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT), Treasury, Dept of
2021 · fourth_quarter · Transportation
Infrastructure finance issues (e.g., repatriation, Highway Trust Fund) Public-Private Partnerships, TIFIA modernization Permitting requirements (e.g. NEPA) Repeal of FIRPTA (Invest in America Act, H.R. 2210) Potential tariffs on fabricated structural steel Transportation matters in the Bipartisan Infrastructure and Reconciliation Frameworks
Client expense: $1,008,590 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Director of National Intelligence (ODNI), Energy, Dept of, Environmental Protection Agency (EPA), Federal Accounting Standards Advisory Board (FASAB), Federal Bureau of Investigation (FBI), Federal Deposit Insurance Corporation (FDIC), Federal Energy Regulatory Commission (FERC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Labor, Dept of (DOL), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, White House Office
2021 · fourth_quarter · Transportation
Infrastructure Finance issues (e.g., repatriation, Highway Trust Fund) Public-Private Partnerships, TIFIA modernization Permitting requirements (e.g., NEPA) Repeal of FIRPTA (Invest in America Act, H.R. 2210) Move America Act Potential tariffs on fabricated structural steel
Client expense: Not reported · Firm income: $30,000
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT), Treasury, Dept of
2021 · third_quarter · Transportation
Infrastructure finance issues (e.g., repatriation, Highway Trust Fund) Public-Private Partnerships, TIFIA modernization Permitting requirements (e.g. NEPA) Repeal of FIRPTA (Invest in America Act, H.R. 2210) Potential tariffs on fabricated structural steel Transportation matters in the Bipartisan Infrastructure and Reconciliation Frameworks
Client expense: $1,543,764 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Director of National Intelligence (ODNI), Energy, Dept of, Environmental Protection Agency (EPA), Federal Accounting Standards Advisory Board (FASAB), Federal Bureau of Investigation (FBI), Federal Deposit Insurance Corporation (FDIC), Federal Energy Regulatory Commission (FERC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Labor, Dept of (DOL), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, White House Office
2021 · third_quarter · Taxation/Internal Revenue Code
Reconciliation Legislation H.R. 5376, to provide for reconciliation pursuant to title II of S. Con. Res. 14, Title XIII -- Committee on Ways and Means, Subtitle F -- Infrastructure Financing and Community Development, Part 3 -- Rehabilitation Tax Credit, Section 135301: Determination of Credit Percentage, Section 135302: Increase in the Rehabilitation Credit for Certain Small Projects, Section 135303: Modification of Definition of Substantially Rehabilitated, and Section 135304: Elimination of Rehabilitation Credit Basis Adjustment; Part 5 -- Housing, Subpart A -- Low-Income Housing Tax Credit, Section 135501: Increase in State Allocations, Section 135502: Tax-Exempt Bond Financing Requirement, Section 135503: Buildings Designated to Serve Extremely Low-Income Households, Section 135504: Inclusion of Rural Areas as Difficult Development Areas, and Section 135507: Increase in Credit for Bond-Financed Projects Designated by Housing Credit Agency; Subtitle G -- Green Energy, Part 3 -- Green Energy and Efficiency Incentives for Individuals, Section 136303: Energy Efficient Commercial Buildings Deduction and Section 136304: Extension, Increase, and Modifications of New Energy Efficient Home Credit. Subtitle I -- Responsibly Funding Our Priorities, Part 1 -- Corporate and International Tax Reforms, Subpart E -- Other Business Tax Provisions, Section 138149: Modification of Rules for Partnership Interests Held in Connection with the Performance of Services; Part 2: Tax Increases for High-Income Individuals, Section 138201: Increase in Top Marginal Individual Income Tax Rate, Section 138202: Increase in Capital Gains Rate for Certain High Income Individuals, Section 138203: Application of Net Investment Income Tax to Trade or Business Income of Certain High Income Individuals, Section 138204: Limitation on Deduction of Qualified Business Income for Certain High Income Individuals, Section 138205: Limitations on Excess Business Losses of Noncorporate Taxpayers, Section 138206: Surcharge on High Income Individuals, Estates, and Trusts, and Section 138207: Termination of Temporary Increase in Unified Credit; Part 3 -- Modifications of Rules Relating to Retirement Plans, Subpart B -- Other Provisions Relating to Individual Retirement Accounts, Section 138312: Prohibitions of IRA Investments Conditioned on Account Holder Status House Committee on Ways and Means, Amendment in the Nature of a Substitute to the Revenue Provisions of Subtitles F, G, H, I, and J of the Budget Reconciliation Legislative Recommendations Relating to Infrastructure Financing and Community Development, Green Energy, Social Safety Net, Responsibly Financing Our Priorities, and Prescription Drug Pricing: Subtitle F -- Infrastructure Financing and Community Development, Part 3 -- Rehabilitation Tax Credit, Section 135301: Determination of Credit Percentage, Section 135302: Increase in the Rehabilitation Credit for Certain Small Projects, Section 135303: Modification of Definition of Substantially Rehabilitated, and Section 135304: Elimination of Rehabilitation Credit Basis Adjustment; Part 5 -- Housing, Subpart A -- Low-Income Housing Tax Credit, Section 135501: Increase in State Allocations, Section 135502: Tax-Exempt Bond Financing Requirement, Section 135503: Buildings Designated to Serve Extremely Low-Income Households, Section 135504: Inclusion of Rural Areas as Difficult Development Areas, and Section 135507: Increase in Credit for Bond-Financed Projects Designated by Housing Credit Agency; Subtitle G -- Green Energy, Part 3 -- Green Energy and Efficiency Incentives for Individuals, Section 136303: Energy Efficient Commercial Buildings Deduction and Section 136304: Extension, Increase, and Modifications of New Energy Efficient Home Credit. Subtitle I -- Responsibly Funding Our Priorities, Part 1 -- Corporate and International Tax Reforms, Subpart E -- Other Business Tax Provisions, Section 138149: Modification of Rules for Partnership Interests Held in Connection with the Performance of Services; Part 2: Tax Increases for High-Income Individuals, Section 138201: Increase in Top Marginal Individual Income Tax Rate, Section 138202: Increase in Capital Gains Rate for Certain High Income Individuals, Section 138203: Application of Net Investment Income Tax to Trade or Business Income of Certain High Income Individuals, Section 138204: Limitation on Deduction of Qualified Business Income for Certain High Income Individuals, Section 138205: Limitations on Excess Business Losses of Noncorporate Taxpayers, Section 138206: Surcharge on High Income Individuals, Estates, and Trusts, and Section 138207: Termination of Temporary Increase in Unified Credit; Part 3 -- Modifications of Rules Relating to Retirement Plans, Subpart B -- Other Provisions Relating to Individual Retirement Accounts, Section 138312: Prohibitions of IRA Investments Conditioned on Account Holder Status Taxation of Pass-Through Entities Section 199A Qualified Business Income Tax Deduction: Oppose any reduction to or repeal of the 20-percent deduction for qualified business income under Section 199A, including phasing out the deduction above certain income thresholds. S. 2387, Small Business Tax Fairness Act, to amend the Internal Revenue Code of 1986 to improve the deduction for qualified business income, all provisions. Senator Wyden Pass-Through Reform Discussion Draft, all provisions. Low-Income Housing Tax Credit and Middle-Income Housing Tax Credit H.R. 2573, Affordable Housing Credit Improvement Act of 2021, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. S. 1136, Affordable Housing Credit Improvement Act of 2021, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. S. 2820, Decent, Affordable, Safe Housing for All Act (DASH Act), to provide rental housing vouchers for the homeless, and for other purposes, Title I -- Housing Assistance, Subtitle A -- General Housing Assistance, Section 111: Rental Vouchers for the Homeless, portion of section pertaining to source of income rules; Title II -- Revenue Provisions: Sections 201-214 pertaining to the Low-Income Housing Tax Credit, Section 215 establishing a renter's tax credit, and Section 216 establishing a middle-income housing tax credit. S. 3365 (115th Congress), Middle-Income Housing Tax Credit Act of 2018, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, and for other purposes, all provisions. Analyzed legislative proposal to establish a 6 percent Low-Income Housing Tax Credit Rehabilitation Tax Credit H.R. 1483, Revitalizing Economies, Housing, and Businesses Act of 2021 or the REHAB Act of 2021, to amend the Internal Revenue Code of 1986 to modify the rehabilitation credit, all provisions. Energy Tax Incentives H.R. 848, Growing Renewable Energy and Efficiency Now Act of 2021 (GREEN Act of 2021), to amend the Internal Revenue Code of 1986 to provide incentives for renewable energy and energy efficiency, and for other purposes, Section 303: Energy Efficient Commercial Buildings Deduction and Section 304: Extension, Increase, and Modifications of New Energy Efficient Home Credit. S. 2118, Clean Energy for America Act, to amend the Internal Revenue Code of 1986 to provide tax incentives for increased investment in clean energy: Title III -- Incentives for Energy Efficiency, Section 301: Credit for new energy efficient residential buildings and Section 303: Enhancement of energy efficient commercial buildings deduction; and Title V -- Workforce Development Requirements, Section 501: Use of qualified apprentices. H.R. 5188 New Home Energy Efficient Act of 2021 Support long-term extension of New energy efficient home credit (IRC 45L). Support expansion of Energy efficient commercial buildings deduction (IRC 179D) to establish a sliding scale of energy improvements, which would help spur investment in energy efficient improvements in older buildings. Biden Tax Proposals Department of the Treasury, General Explanations of the Administration's Fiscal Year 2022 Revenue Proposals, American Families Plan: Increase the Top Marginal Income Tax Rate for High Earners, Reform the Taxation of Capital Income, Rationalize Net Investment Income and Self-Employment Contribution Act Taxes, Tax Carried (Profits) Interests as Ordinary Income, and Repeal Deferral of Gain from Like-Kind Exchanges. Like-kind exchanges: Support retaining current law. S. Amdt. 3753 (to establish a deficit-neutral reserve fund relating to maintaining the current law tax treatment of like kind exchanges) to S. Con Res. 14 (a concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2022 and setting forth the appropriate budgetary levels for fiscal years 2023 through 2031). Capital Gains - Oppose doubling the long-term capital gains tax rate. Carried interest: NMHC believes that carried interest should be treated as a long-term capital gain if the underlying asset is held for at least one year. H.R. 1068, Carried Interest Fairness Act of 2021, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities, all provisions. S. 1598, Carried Interest Fairness Act of 2021, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities, all provisions. S. 2617, Ending the Carried Interest Loophole Act, to amend the Internal Revenue Code of 1986 to revise the treatment of partnership interests received in connection with the performance of services, and for other purposes, all provisions. Stepped-Up Basis at Death and Taxation of Unrealized Capital Gains at Death Support retaining current law providing for stepped-up basis at death and taxation of capital gains upon actual sale. H.R 2286, to amend the Internal Revenue Code of 1986 to treat property transferred by gift or at death as sold for fair market value, and for other purposes, all provisions. Foreign Investment in Real Property Tax Act (FIRPTA) H.R. 2210 (116th Congress), Invest in America Act, to amend the Internal Revenue Code of 1986 to repeal certain provisions applicable to foreign investment in United States real property, all provisions. H.R. 3123, Parity for Non-Traded REITs Act, to amend the Internal Revenue Code of 1986 to provide the same treatment to publicly offered, non-traded Real Estate Investment Trusts as is provided to exchange-traded Real Estate Investment Trusts under the Foreign Investment in Real Property Tax Act of 1980, all provisions.
Client expense: $1,340,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Energy, Dept of, Environmental Protection Agency (EPA), Executive Office of the President (EOP), Federal Communications Commission (FCC), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), Federal Reserve System, Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Justice, Dept of (DOJ), Office of the Comptroller of the Currency (OCC), SENATE, Small Business Administration (SBA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Postal Service (USPS)
2021 · third_quarter · Transportation
Infrastructure Finance issues (e.g., repatriation, Highway Trust Fund) Public-Private Partnerships, TIFIA modernization Permitting requirements (e.g., NEPA) Repeal of FIRPTA (Invest in America Act, H.R. 2210) Move America Act Potential tariffs on fabricated structural steel
Client expense: Not reported · Firm income: $30,000
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT), Treasury, Dept of
2021 · second_quarter · Taxation/Internal Revenue Code
Taxation of Pass-Through Entities Section 199A Qualified Business Income Tax Deduction: Oppose any reduction to or repeal of the 20-percent deduction for qualified business income under Section 199A, including phasing out the deduction above certain income thresholds. H.R. 1381, Main Street Tax Certainty Act, to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income, all provisions. S. 480, Main Street Tax Certainty Act, to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income, all provisions. Depreciation Rules Implementation of 30-year alternative depreciation system schedule for rental real estate placed in service prior to 2018 for taxpayers electing out of limits on interest deductibility as enacted in Public Law 116-260: Requested that the Treasury Department and the Internal Revenue Service issue guidance permitting an automatic change in the method of accounting for taxpayers that are impacted by the legislative changes made in P.L. 116-260. Also requested that guidance be issued consistent with the relief granted pursuant to Rev. Proc. 2020-22 and Rev. Proc. 2020-23, allowing partnerships subject to the BBA centralized partnership audit regime to file an amended return (Form 1065) and make a late Section 163(j) election and issue amended Schedules K for tax years beginning in 2018 and 2019. Low-Income Housing Tax Credit and Middle-Income Housing Tax Credit H.R. 2573, Affordable Housing Credit Improvement Act of 2021, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. S. 1136, Affordable Housing Credit Improvement Act of 2021, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. H.R. 3077 (116th Congress), Affordable Housing Credit Improvement Act of 2019, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. S. 1703 (116th Congress), Affordable Housing Credit Improvement Act of 2019, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. S. 3365 (115th Congress), Middle-Income Housing Tax Credit Act of 2018, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, and for other purposes, all provisions. Department of the Treasury, Internal Revenue Service, 26 CFR Part 1, REG-119890-18, RIN 1454 BO92, Section 42, Low-Income Housing Credit Average Income Test Regulations Opportunity Zones Opportunity Zones: No bill introduced, but support legislative change reduce the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone purposes. Also, support maintaining current-law capital gains rate applicable to deferred capital gains invested in Opportunity Funds. Rehabilitation Tax Credit H.R. 1483, Revitalizing Economies, Housing, and Businesses Act of 2021 or the REHAB Act of 2021, to amend the Internal Revenue Code of 1986 to modify the rehabilitation credit, all provisions. Adaptive Reuse Discussed potential for tax incentives to spur adaptive reuse of non-residential commercial buildings into multifamily buildings. Energy Tax Incentives H.R. 848, Growing Renewable Energy and Efficiency Now Act of 2021 (GREEN Act of 2021), to amend the Internal Revenue Code of 1986 to provide incentives for renewable energy and energy efficiency, and for other purposes, Section 303: Energy Efficient Commercial Buildings Deduction; Section 304: Extension, Increase, and Modifications of New Energy Efficient Home Credit; and Section 405: Alternative Fuel Refueling Property Credit. H.R 2346, Energy Efficient Qualified Improvement Property Act of 2020, or the E-QUIP Act, to amend the Internal Revenue Code of 1986 to allow 10-year straight line depreciation for energy efficient qualified improvement property, and for other purposes, all provisions. S. 1298, Clean Energy for America Act, to amend the Internal Revenue Code of 1986 to provide tax incentives for increased investment in clean energy: Title II -- Incentives for Clean Transportation, Section 202: Transportation Electrification (portion of provision impacting the alternative fuel vehicle refueling property credit) and Title III -- Incentives for Energy Efficiency, Section 301: Credit for new energy efficient residential buildings and Section 303: Enhancement of energy efficient commercial buildings deduction; and Title VI -- Workforce Development Requirements, Section 601: Use of qualified apprentices. S. 2118, Clean Energy for America Act, to amend the Internal Revenue Code of 1986 to provide tax incentives for increased investment in clean energy: Title III -- Incentives for Energy Efficiency, Section 301: Credit for new energy efficient residential buildings and Section 303: Enhancement of energy efficient commercial buildings deduction; and Title V -- Workforce Development Requirements, Section 501: Use of qualified apprentices. Support long-term extension of New energy efficient home credit (IRC 45L). Support expansion of Energy efficient commercial buildings deduction (IRC 179D) to establish a sliding scale of energy improvements, which would help spur investment in energy efficient improvements in older buildings. Title I of the Energy Efficiency Tax Incentives Act (S. 2189 in the 113th Congress), amending IRC 179D to preserve the deductions application for new construction and public buildings, while also meaningfully incentivizing private-sector investment in building performance retrofits. Assessed efficacy of alternative fuel vehicle refueling property credit (IRC 30C) as it pertains to the multifamily industry. Davis-Bacon Oppose requiring Davis-Bacon for projects authorized as part of any forthcoming infrastructure legislation and to be required to be able to benefit from tax incentives, including energy tax incentives, generally. Infrastructure Support: Expanding the Low-Income Housing Tax Credit (H.R. 2573 / S. 1136), enacting the Middle-Income Housing Tax Credit, enacting the REHAB Act (H.R. 1483), Foreign Investment in Real Property Tax Act (FIRPTA) Repeal, enacting the Efficient Qualified Improvement Property Act of 2020 (E-QUIP) (H.R. 2346), making permanent the Section 45L New energy efficient home credit, and reducing the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone purposes. Biden Tax Proposals Department of the Treasury, General Explanations of the Administration's Fiscal Year 2022 Revenue Proposals, American Families Plan: Increase the Top Marginal Income Tax Rate for High Earners, Reform the Taxation of Capital Income, Rationalize Net Investment Income and Self-Employment Contribution Act Taxes, Tax Carried (Profits) Interests as Ordinary Income, and Repeal Deferral of Gain from Like-Kind Exchanges. Biden Administration, The American Families Plan, tax proposals impacting: tax rates on individual income, capital gains tax rates, carried interest, the Medicare surtax on net investment income, stepped-up basis and taxation of unrealized capital gains at death, like-kind exchanges, and the limitation of excess business losses. Biden campaign tax proposals impacting multifamily housing (tax rates on individual income, capital gains tax rates, value of itemized deductions, elimination of stepped-up basis and taxation of unrealized capital gains at death, elimination of like-kind exchanges, expansion of Low-Income Housing Tax Credit, establishment of renter's tax credit, depreciation of multifamily property, and $15,000 first-time homebuyer tax credit). Like-Kind Exchanges Like-kind exchanges: Support retaining current law. Carried Interest Carried interest: NMHC believes that carried interest should be treated as a long-term capital gain if the underlying asset is held for at least one year. H.R. 1068, Carried Interest Fairness Act of 2021, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities, all provisions. S. 1598, Carried Interest Fairness Act of 2021, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities, all provisions. Stepped-Up Basis at Death and Taxation of Unrealized Capital Gains at Death Support retaining current law providing for stepped-up basis at death and taxation of capital gains upon actual sale. H.R 2286, to amend the Internal Revenue Code of 1986 to treat property transferred by gift or at death as sold for fair market value, and for other purposes, all provisions. Senator Van Hollen Discussion Draft, Sensible Taxation and Equity Promotion Act of 2021, to amend the Internal Revenue Code of 1986 to realize gains from property at the time of death, and for other purposes, all provisions. Foreign Investment in Real Property Tax Act (FIRPTA) H.R. 2210 (116th Congress), Invest in America Act, to amend the Internal Revenue Code of 1986 to repeal certain provisions applicable to foreign investment in United States real property, all provisions. H.R. 3123, Parity for Non-Traded REITs Act, to amend the Internal Revenue Code of 1986 to provide the same treatment to publicly offered, non-traded Real Estate Investment Trusts as is provided to exchange-traded Real Estate Investment Trusts under the Foreign Investment in Real Property Tax Act of 1980, all provisions. Down payment Assistance H.R. 1360, American Dream Down payment Act, to amend the Internal Revenue Code of 1986 to establish qualified down payment savings programs, all provisions.
Client expense: $2,040,000 · Firm income: Not reported
Government targets: Centers For Disease Control & Prevention (CDC), Consumer Financial Protection Bureau (CFPB), Energy, Dept of, Environmental Protection Agency (EPA), Executive Office of the President (EOP), Federal Communications Commission (FCC), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), Federal Reserve System, Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Office of the Comptroller of the Currency (OCC), SENATE, Small Business Administration (SBA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Postal Service (USPS)
2021 · second_quarter · Transportation
Infrastructure Finance issues (e.g., repatriation, Highway Trust Fund) Public-Private Partnerships, TIFIA modernization Permitting requirements (e.g., NEPA) Repeal of FIRPTA (Invest in America Act, H.R. 2210) Move America Act Potential tariffs on fabricated structural steel
Client expense: Not reported · Firm income: $30,000
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT), Treasury, Dept of
2021 · second_quarter · Transportation
Infrastructure finance issues (e.g., repatriation, Highway Trust Fund) Public-Private Partnerships, TIFIA modernization Permitting requirements (e.g. NEPA) Repeal of FIRPTA (Invest in America Act, H.R. 2210) Move America Act (S. 146, H.R. 1508) Potential tariffs on fabricated structural steel
Client expense: $1,083,564 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Director of National Intelligence (ODNI), Energy, Dept of, Environmental Protection Agency (EPA), Federal Accounting Standards Advisory Board (FASAB), Federal Bureau of Investigation (FBI), Federal Deposit Insurance Corporation (FDIC), Federal Energy Regulatory Commission (FERC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Labor, Dept of (DOL), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, White House Office
2021 · first_quarter · Transportation
Infrastructure Finance issues (e.g., repatriation, Highway Trust Fund) Public-Private Partnerships, TIFIA modernization Permitting requirements (e.g., NEPA) Repeal of FIRPTA (Invest in America Act, H.R. 2210) Move America Act Potential tariffs on fabricated structural steel
Client expense: Not reported · Firm income: $30,000
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT), Treasury, Dept of
2021 · first_quarter · Taxation/Internal Revenue Code
"Carried Interest Fairness Act" Energy efficiency and clean energy tax incentives Like-Kind Exchanges (Sec. 1031) Completed contract method of accounting and condominium construction (Section 460(e) FIRPTA Reform implementing regulations and FIRPTA repeal (Invest in America Act) H.R. 2210 Tax technical corrections IRS Notice 2007-55 Tax reform implementation, including sections 163(j), 199A, cost recovery rules and Opportunity Zones Qualified improvements property and "Restoring Investments in Improvements Act" S.803, H.R. 1869 Cost recovery, residential rental property Tax guidance related to transition away from LIBOR as a reference rate Opportunity Zones reporting legislation Indexing capital gains for inflation Capital gains mark-to-market Low-income housing tax credit Contributions in Aid of Construction (Sec. 118) Partnership tax forms (1065 and Schedule K-1) CARES Act and CARES Act Implementation Disaster tax relief & tax deadline extensions REIT rules Cancellation of Indebtedness income NOL interaction with GILTI REMIC Rules "H.R. 840 Revitalization Act"
Client expense: Not reported · Firm income: $30,000
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT), Treasury, Dept of
2021 · first_quarter · Transportation
Infrastructure finance issues (e.g., repatriation, Highway Trust Fund) Public-Private Partnerships, TIFIA modernization Permitting requirements (e.g. NEPA) Repeal of FIRPTA (Invest in America Act, H.R. 2210) Move America Act (S. 146, H.R. 1508) Potential tariffs on fabricated structural steel
Client expense: $1,056,891 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Director of National Intelligence (ODNI), Energy, Dept of, Environmental Protection Agency (EPA), Federal Accounting Standards Advisory Board (FASAB), Federal Bureau of Investigation (FBI), Federal Deposit Insurance Corporation (FDIC), Federal Energy Regulatory Commission (FERC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Labor, Dept of (DOL), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, White House Office
2020 · fourth_quarter · Budget/Appropriations
H.R. 133. The Consolidated Appropriations Act of 2021. A bill providing appropriations for the federal government and provide fiscal relief for the COVID-19 pandemic. Lobbied for the inclusion of Davis Bacon coverage on clean energy tax credits and energy related provisions of the bill as well as apprenticeship training language, fiscal relief for multi-state transportation entities, pension relief and multiemployer related changes to the paid sick leave tax credit. H.R. 8406. HEROES 2.0. A bill providing appropriations and other public policy to address the COVID-19 pandemic. Lobbied on the inclusion of multiemployer pension relief, eligibility of 501(c)(5)s for PPP loans, COBRA subsidies, Port Authority of NY and NJ funding and prevailing wage coverage.. H.R. 8805. Retail Revitalization Act of 2020. This bill modifies rules related to rents received by real estate investment trusts (REITs) from related parties. It increases the permissible stock ownership and constructive stock ownership percentage in a REIT to 50% and modifies rules for taxable REIT subsidiaries. Bill in full. H.R. 6764. Put Our Neighbors to Work Act. A bill to amend title 10, United States Code, to improve congressional oversight and public transparency of military construction contract awards, and for other purposes. Bill in full. S. 4049. The National Defense Authorization Act FY 21. Lobbied against Industry Recognized Apprenticeship Programs being applicable to the construction industry, for the inclusion of local hire preference language and prevailing wage language. H.R. 6395. The National Defense Authorization Act FY 21. Lobbied against Industry Recognized Apprenticeship Programs being applicable to the construction industry and for the inclusion of local hire preference language and prevailing wage language. H.R. 2. INVEST in America Act. A bill to authorize funds for Federal-aid highways, highway safety programs, and transit programs, and for other purposes. Lobbied on the inclusion of Davis Bacon coverage and corrosion prevention standards for bridges. H.R. 2. Moving Forward Act. A $1.5 trillion bill that will rebuild American infrastructure; roads, bridges, and transit systems, but also our schools, housing, broadband access. Lobbied for inclusion of labor standards, especially prevailing wage. H.R. 266. The Paycheck Protection Program and Health Care Enhancement Act. Lobbied for inclusion of prevailing wage. HR 6800. HEROES Act. A bill providing appropriations and other public policy to address the COVID-19 pandemic. Lobbied on the inclusion of multiemployer pension relief, eligibility of 501(c)(5)s for PPP loans, COBRA subsidies, a front-line workers relief fund, OSHA emergency temporary standard, unemployment insurance, Port Authority of NY and NJ funding, infrastructure funding, prevailing wage coverage, restoration of American manufacturing, and state and local government funding. H.R. 6559. The COVID-19 Every Worker Protection Act of 2019. A bill to require OSHA to issue an Emergency Temporary Standard, based on CDC guidance, to protect all workers from exposure to COVID-19 in the workplace. Bill in full. H.R. 6514. The Worker Health Coverage Protection Act. A bill to provide premium assistance for COBRA continuation coverage and furloughed continuation coverage for individuals and their families during the COVID-19 emergency period and 180-days thereafter, and for other purposes. Bill in full. H.R. 748. The CARES Act. A bill providing appropriations and other public policy to address the COVID-19 pandemic. Lobbied on the inclusion of multiemployer pension relief, eligibility of 501(c)(5)s for PPP loans, COBRA subsidies, FMLA, paid sick leave, unemployment insurance and prevailing wage coverage. H.R. 2210. The Invest in America Act. A bill to repeal the Foreign Investment in Real Property Tax Act (FIRPTA). Bill in full. H.R. 6422. National Infrastructure Bank Act of 2020. A bill to facilitate efficient investments and financing of infrastructure projects and new job creation through the establishment of a National Infrastructure Bank, and for other purposes. Bill in full. S Res 693. Transform Heal and Renew by Investing in a Vibrant Economy resolution. A resolution recognizing the duty of the Federal Government to implement an agenda to Transform, Heal, and Renew by Investing in a Vibrant Economy. Lobbied for inclusion of labor language.
Client expense: $170,000 · Firm income: Not reported
Government targets: Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2020 · third_quarter · Disaster Planning/Emergencies
Issues: CARES Act funding for local governments Federal funding for transportation projects Army Corps of Engineering project funding Census deadline extension Covid Stimulus Package Infrastructure Bills: H.R. 3163 - Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2020 H.R. 6201 - Families First Coronavirus Response Act H.R. 6074 - Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 H.R. 266 - Paycheck Protection Program and Health Care Enhancement Act H.R. 7819 - Eliminating the Provider Relief Fund Tax Penalties Act of 2020 H.R. 7010 - Paycheck Protection Program Flexibility Act of 2020 H.R. 6800 - The HEROES Act (Health and Economic Recovery Omnibus Emergency Solutions Act H.R. 6886 - Paycheck Protection Program Flexibility Act of 2020 S. 3805 - Paycheck Protection Program Flexibility Act of 2020 S. 3415 - Paid Sick Days for Public Health Emergencies and Personal and Family Care Act H.R. 748 - Coronavirus Aid, Relief, and Economic Security Act or the CARES Act S. 3548 - Coronavirus Aid, Relief, and Economic Security Act or the CARES Act H.R. 2 - Moving Forward Act H.R. 2210 - Invest in America Act H.R. 732 - 2020 Census IDEA Act S. 358 - Census IDEA Act
Client expense: Not reported · Firm income: $50,000
Government targets: Army, Dept of (Corps of Engineers), HOUSE OF REPRESENTATIVES, SENATE
2020 · third_quarter · Intelligence
Issues: CARES Act funding for local governments Federal funding for transportation projects Army Corps of Engineering project funding Census deadline extension Covid Stimulus Package Infrastructure Bills: H.R. 3163 - Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2020 H.R. 6201 - Families First Coronavirus Response Act H.R. 6074 - Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 H.R. 266 - Paycheck Protection Program and Health Care Enhancement Act H.R. 7819 - Eliminating the Provider Relief Fund Tax Penalties Act of 2020 H.R. 7010 - Paycheck Protection Program Flexibility Act of 2020 H.R. 6800 - The HEROES Act (Health and Economic Recovery Omnibus Emergency Solutions Act H.R. 6886 - Paycheck Protection Program Flexibility Act of 2020 S. 3805 - Paycheck Protection Program Flexibility Act of 2020 S. 3415 - Paid Sick Days for Public Health Emergencies and Personal and Family Care Act H.R. 748 - Coronavirus Aid, Relief, and Economic Security Act or the CARES Act S. 3548 - Coronavirus Aid, Relief, and Economic Security Act or the CARES Act H.R. 2 - Moving Forward Act H.R. 2210 - Invest in America Act H.R. 732 - 2020 Census IDEA Act S. 358 - Census IDEA Act
Client expense: Not reported · Firm income: $50,000
Government targets: Army, Dept of (Corps of Engineers), HOUSE OF REPRESENTATIVES, SENATE
2020 · third_quarter · Economics/Economic Development
Issues: CARES Act funding for local governments Federal funding for transportation projects Army Corps of Engineering project funding Census deadline extension Covid Stimulus Package Infrastructure Bills: H.R. 3163 - Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2020 H.R. 6201 - Families First Coronavirus Response Act H.R. 6074 - Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 H.R. 266 - Paycheck Protection Program and Health Care Enhancement Act H.R. 7819 - Eliminating the Provider Relief Fund Tax Penalties Act of 2020 H.R. 7010 - Paycheck Protection Program Flexibility Act of 2020 H.R. 6800 - The HEROES Act (Health and Economic Recovery Omnibus Emergency Solutions Act H.R. 6886 - Paycheck Protection Program Flexibility Act of 2020 S. 3805 - Paycheck Protection Program Flexibility Act of 2020 S. 3415 - Paid Sick Days for Public Health Emergencies and Personal and Family Care Act H.R. 748 - Coronavirus Aid, Relief, and Economic Security Act or the CARES Act S. 3548 - Coronavirus Aid, Relief, and Economic Security Act or the CARES Act H.R. 2 - Moving Forward Act H.R. 2210 - Invest in America Act H.R. 732 - 2020 Census IDEA Act S. 358 - Census IDEA Act
Client expense: Not reported · Firm income: $50,000
Government targets: Army, Dept of (Corps of Engineers), HOUSE OF REPRESENTATIVES, SENATE
2020 · third_quarter · Transportation
Issues: CARES Act funding for local governments Federal funding for transportation projects Army Corps of Engineering project funding Census deadline extension Covid Stimulus Package Infrastructure Bills: H.R. 3163 - Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2020 H.R. 6201 - Families First Coronavirus Response Act H.R. 6074 - Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 H.R. 266 - Paycheck Protection Program and Health Care Enhancement Act H.R. 7819 - Eliminating the Provider Relief Fund Tax Penalties Act of 2020 H.R. 7010 - Paycheck Protection Program Flexibility Act of 2020 H.R. 6800 - The HEROES Act (Health and Economic Recovery Omnibus Emergency Solutions Act H.R. 6886 - Paycheck Protection Program Flexibility Act of 2020 S. 3805 - Paycheck Protection Program Flexibility Act of 2020 S. 3415 - Paid Sick Days for Public Health Emergencies and Personal and Family Care Act H.R. 748 - Coronavirus Aid, Relief, and Economic Security Act or the CARES Act S. 3548 - Coronavirus Aid, Relief, and Economic Security Act or the CARES Act H.R. 2 - Moving Forward Act H.R. 2210 - Invest in America Act H.R. 732 - 2020 Census IDEA Act S. 358 - Census IDEA Act
Client expense: Not reported · Firm income: $50,000
Government targets: Army, Dept of (Corps of Engineers), HOUSE OF REPRESENTATIVES, SENATE
2020 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 1434/S.634, the Education Freedom Scholarships and Opportunity Act H.R. 2210, the Invest in America Act H.R. 748, the CARES Act Issues related to FIRPTA reform Issues related to GILTI implementation Issues related to indexing capital gains taxes to inflation Issues related to SALT deduction Issues related to tax extenders Mobile Workforce State Income Tax Simplification Act of 2020, H.R. 5674 S. 3280, the Blocking New Corporate Tax Giveaways Act S. 3296, the Accelerate Long-Term Investment Growth Now Act The PLAN Act, H.R. 4232 "H.R. 6800, The Heroes Act " Issues related to implementation of the Paycheck Protection Program "S. 3612, the Small Business Expense Protection Act " Issues related to Schedule B Issues related to alcohol excise taxes Issues related to tax filing and tax preparation deadlines Issues related to DoL information letter on Private Equity investments H.R. 6800, The Heroes Act Issues related to federal royalty rate payments Issues related to federal royalty rate payments Issues related to C-Band Helping Gig Economy Workers Act H. R. 7749, To amend the Internal Revenue Code of 1986 to encourage the transfer of intangible property from controlled foreign corporations to United States shareholders H. R. 7767, To amend the Internal Revenue Code of 1986 to provide for credits against tax for domestic medical and drug manufacturing and advanced medical manufacturing equipment H.R 8201, the Support for Workers, Families, and Social Security Act H.R. 7556, To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research H.R. 7615, To provide a payrolltaxcreditfor certain expenses associated with protecting employees from COVID-19. H.R. 7787, the Invest Now Act H.R.7505, the AmericanInnovationAct H.R.7537, the Infectious Disease Therapies Research and Innovation Act H.R.7555, To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities H.Res.1097 - Expressing strong opposition to the imposition of digital services taxes by other countries that discriminate against United States companies Issues related to digital services taxes Issues related to payroll tax EO S. 1703/H.R.3077, the Affordable Housing Credit Improvement Act S. 4537, The Reinvigorating the Economy, Creating Opportunity for Every Vocation, Employer, Retiree, and Youth (RECOVERY) Act S. 4708/H.R.8038, the Pandemic Preparedness, Response, and Recovery Act (PPRRA) S.3733 and H.R. 6988, the Helping Gig Economy Workers Act of 2020
Client expense: $90,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Executive Office of the President (EOP), Federal Communications Commission (FCC), Federal Energy Regulatory Commission (FERC), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Justice, Dept of (DOJ), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2020 · fourth_quarter · Taxation/Internal Revenue Code
HR 2210, Invest in America Act, all provisions. Section 1031 like-kind exchanges. Issues pertaining to the application of Foreign Persons Investment in Real Property Tax of 1980.
Client expense: $60,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2020 · fourth_quarter · Taxation/Internal Revenue Code
HR 2210, Invest in America Act, all provisions. Section 1031 like-kind exchanges. Issues pertaining to the application of Foreign Persons Investment in Real Property Tax of 1980.
Client expense: Not reported · Firm income: $56,000
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2020 · fourth_quarter · Taxation/Internal Revenue Code
Tax Reform HR188 - SALT Deductibility Act HR216 - Main Street Tax Certainty Act HR257 - SALT Fairness Act of 2019 HR515 - State And Local Tax Deduction Fairness Act of 2019 HR1142 - SALT Act HR1757 - To amend the Internal Revenue Code of 1986 to increase the limitation on the amount individuals can deduct for certain State and local taxes. HR1865 - Further Consolidated Appropriations Act, 2020 HR1869 - Restoring Investment in Improvements Act HR2624 - SALT Relief and Marriage Penalty Elimination Act of 2019 HR2894 - Save the State and Local Tax Deduction for Middle Class Families Act of 2019 HR4274 - Cutting Local Taxes by Reinstating SALT Act HR5377 - Restoring Tax Fairness for States and Localities Act S437 - SALT Act S803 - Restoring Investment in Improvements Act S1149 - A bill to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income. New Energy Efficient Home Credit Letter to House Ways & Means in support of renewing the New Energy Efficient Home Credit Mortgage Debt Relief HR285 - Mortgage Debt Tax Forgiveness Act of 2018 HR1977 - Mortgage Forgiveness Tax Relief Act of 2019 Letter to full House in support of extending the exclusion for cancellation of mortgage debt on a principal residence Communications with Senate Finance Committee Taskforce on Mortgage Debt Forgiveness. Communications with the House and Senate regarding the Mortgage Debt Forgiveness exclusion. Carried Interest HR1735 - Carried Interest Fairness Act of 2019 S781 - Carried Interest Fairness Act of 2019 Tax Extenders HR133 - Consolidated Appropriations Act, 2021 HR1865 - Further Consolidated Appropriations Act, 2020 HR3301 - Taxpayer Certainty and Disaster Tax Relief Act of 2019 S617 - Tax Extender and Disaster Relief Act of 2019 Communications with the House and Senate on tax extenders and expiring tax provisions. Exclusion for Employer-Paid Student Debt HR1043 - Employer Participation in Repayment Act S460 - Employer Participation in Repayment Act of 2019 FIRPTA Repeal HR2210 - Invest in America Act Low Income Housing Tax Credit HR133 - Consolidated Appropriations Act, 2021 HR3077 - Affordable Housing Credit Improvement Act of 2019 S1703 - Affordable Housing Credit Improvement Act of 2019 Employee Retention Tax Credit HR133 - Consolidated Appropriations Act, 2021 Tax credit for refurbishing homes in troubled neighborhoods HR3316 - Neighborhood Home Investment Act Qualified Opportunity Zones S1344 - A bill to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes. HR2593 - To require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes. Discussions with the House and Senate regarding the Qualified Opportunity Zone program rulemaking. Alternative Depreciation Systems S2984 - Multifamily Depreciation Parity Act of 2019 Communications with the Senate Finance Committee and the House Ways & Means Committee regarding alternative depreciation systems. 529 Account Use for Professional Certifications HR5339 - Freedom To Invest in Tomorrow's Workforce Act Section 1031 Like-Kind Exchanges HR2309 - Real Estate Exchange Fairness Act COVID-19 Relief HR133 - Consolidated Appropriations Act, 2021 HR748 - CARES Act HR6201 - Families First Coronavirus Response Act HR6776 - JOBS Credit Act of 2020 HR6800 - HEROES Act S__ - HEALS Act Communications with Congress regarding tax deductibility for certain business expenses paid for with PPP loans, support for tax extenders and the 179D Energy Efficient Commercial Buildings Deduction, and COVID-19 priorities. Communications with the Internal Revenue Service (IRS) regarding the tax deductibility of certain business expenses paid for with PPP loans and COVID-19 relief priorities. Communications with the Department of Labor (DOL) regarding the overtime rule, independent contractor status/proposals. Communications with the White House regarding the Qualified Opportunity Zones.
Client expense: $25,150,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), Financial Crimes Enforcement Network (FinCEN), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), Natl Economic Council (NEC), SENATE, Small Business Administration (SBA), Treasury, Dept of, Veterans Affairs, Dept of (VA), White House Office
2020 · fourth_quarter · Taxation/Internal Revenue Code
Issues related to EB-5 Regional Center program; H.R. 2210, Invest in America Act; S.803 and H.R. 1869, Restoring Investments in Improvements Act; issues related to opportunity zones; issues related to Workforce Opportunity Tax Credits; issues related to Employee Retention Tax Credits; S.3548/H.R.746, the CARES Act; H.R. 6800, the HEROES Act; issues concerning Congressional Response to COVID-19; issues related to H.R. 7079, Clean Start: Back to Work Tax Credit; issues related to S. 4178, tax credit for workplace safety expenses; issues related to tax credits for capital expenditures related to reopening; H.R. 6776, JOBS Credit Act of 2020; H.R. 133, Consolidated Appropriations Act 2021.
Client expense: $690,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Defense, Dept of (DOD), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Occupational Safety & Health Administration (OSHA), SENATE, Small Business Administration (SBA), State, Dept of (DOS), Treasury, Dept of, White House Office
2020 · fourth_quarter · Real Estate/Land Use/Conservation
Foreign Investment Real Property Act (FIRPTA), H.R. 2210, The Invest in America Act, Real Estate/REIT Issues, Infrastructure and Renewable Energy Issues
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · fourth_quarter · Real Estate/Land Use/Conservation
Foreign Investment Real Property Act (FIRPTA), H.R. 2210, The Invest in America Act, Real Estate/REIT Issues, Infrastructure and Renewable Energy Issues
Client expense: Not reported · Firm income: $25,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · fourth_quarter · Taxation/Internal Revenue Code
"Carried Interest Fairness Act" H.R. 1735, S.781 Energy efficiency and clean energy tax incentives Like-Kind Exchanges (Sec.1031) Completed contract method of accounting and condominium construction (Section 460(e) FIRPTA Reform implementing regulations and FIRPTA repeal (Invest in America Act) H.R.2210 Tax technical corrections IRS Notice 2007-55 Tax reform implementation, including sections 163(j), 199A, cost recovery rules, and Opportunity Zones Qualified improvements property and "Restoring Investments in Improvements Act" S. 803, H.R. 1869 Cost recovery, residential rental property Tax guidance related to transition away from LIBOR as a reference rate Opportunity Zone reporting legislation (S. 1344, H.R. 2593) Indexing capital gains for inflation Capital gains mark-to-market Low-income housing tax credit (S. 1703, H.R. 3077) Contributions in Aid of Construction (Sec. 118) Partnership tax forms (1065 and Schedule K-1) CARES Act and CARES Act Implementation Disaster tax relief & tax deadline extensions REIT rules Cancellation of Indebtedness income NOL interaction with GILTI REMIC Rules "H.R. 8805 Retail Revitalization Act"
Client expense: Not reported · Firm income: $30,000
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT), Treasury, Dept of
2020 · fourth_quarter · Transportation
Infrastructure Finance issues (e.g., repatriation, Highway Trust Fund) Public-Private Partnerships, TIFIA modernization Permitting requirements (e.g. NEPA). Repeal of FIRPTA (Invest in America Act, H.R. 2210 Move America Act (S. 146, H.R. 1508) Potential tariffs on fabricated structural steel
Client expense: Not reported · Firm income: $30,000
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT), Treasury, Dept of
2020 · fourth_quarter · Real Estate/Land Use/Conservation
Foreign Investment Real Property Act (FIRPTA), H.R. 2210, The Invest in America Act, Real Estate/REIT Issues, Infrastructure and Renewable Energy Issues H.R. 8805, Retail Revitalization Act
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · fourth_quarter · Taxation/Internal Revenue Code
"Carried Interest Fairness Act" H.R. 1735, S.781 Energy efficiency and clean energy tax incentives (HR 8930) Like-Kind Exchanges (Sec.1031) Completed contract method of accounting and condominium construction (Section 460(e) FIRPTA Reform implementing regulations and FIRPTA repeal (Invest in America Act) H.R.2210 Tax technical corrections IRS Notice 2007-55 Tax reform implementation, including sections 163(j), 199A, cost recovery rules, and Opportunity Zones Qualified improvements property and "Restoring Investments in Improvements Act" S. 803, H.R. 1869 Cost recovery, residential rental property Tax guidance related to transition away from LIBOR as a reference rate Opportunity Zone reporting legislation (S. 1344, H.R. 2593) and Opportunity Zone reform Indexing capital gains for inflation Capital gains mark-to-market Low-income housing tax credit (S. 1703, H.R. 3077) Contributions in Aid of Construction (Sec. 118) Partnership tax forms (1065 and Schedule K-1) CARES Act and CARES Act Implementation Disaster tax relief & tax deadline extensions REIT rules, including investments in related parties (HR 8805) Cancellation of Indebtedness income (section 108) NOL interaction with GILTI REMIC Rules Lease modifications (section 475) Unpaid rent and section 166 Safe and healthy workplace tax credit Deductibility of business expenses paid with Paycheck Protection Program loans CREATE Jobs Act (S. 4376) HEROES Act and HEALS Act Stimulus
Client expense: $962,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Director of National Intelligence (ODNI), Energy, Dept of, Environmental Protection Agency (EPA), Federal Accounting Standards Advisory Board (FASAB), Federal Bureau of Investigation (FBI), Federal Deposit Insurance Corporation (FDIC), Federal Energy Regulatory Commission (FERC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Labor, Dept of (DOL), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, White House Office
2020 · fourth_quarter · Transportation
Infrastructure finance issues (e.g., repatriation, Highway Trust Fund) Public-Private Partnerships, TIFIA modernization Permitting requirements (e.g. NEPA). Repeal of FIRPTA (Invest in America Act, H.R. 2210 Move America Act (S. 146, H.R. 1508) Potential tariffs on fabricated structural steel
Client expense: $962,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Director of National Intelligence (ODNI), Energy, Dept of, Environmental Protection Agency (EPA), Federal Accounting Standards Advisory Board (FASAB), Federal Bureau of Investigation (FBI), Federal Deposit Insurance Corporation (FDIC), Federal Energy Regulatory Commission (FERC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Labor, Dept of (DOL), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, White House Office
2020 · fourth_quarter · Taxation/Internal Revenue Code
Corporate tax issues H.R.2210 - Invest in America Act Issues related to COVID-19 relief H.R.7809 - HOPE Act of 2020 H.R.7197/S. 4012 - RESTAURANTS Act of 2020 H.R.7079 - Clean Start: Back to Work Tax Credit Act General issues related to taxation of real estate investment trust (REIT) General issues related to transportation security
Client expense: Not reported · Firm income: $90,000
Government targets: HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), SENATE, Treasury, Dept of
2020 · fourth_quarter · Taxation/Internal Revenue Code
Issues related to the Tax Extender Disaster Relief Act of 2019, S. 617 FIRPTA - Foreign Investment in Real Property Tax Act IRS Notice 2007-55 H.R. 2210 Invest in America Act
Client expense: Not reported · Firm income: Not reported
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT), Treasury, Dept of
2020 · fourth_quarter · Banking
No bill number: Mortgage Finance Reform No bill number: Policies related to access to mortgage credit H.R. 2210 Invest in America Act No bill number: Mortgage Servicing Liquidity issues pertaining to COVID-19 H.R. 784 - The CARES ACT - Mortgage Forbearance and Liquify issues and PPP program for small business No Bill number - Senate version of CARES act. Mortgage liquidity , PPP program small business loan forgiveness S S773 - Paycheck Protection Program Second Draw Loan. Repayment forgiveness for small business. S 178 - Senate GOP Targeted Relief Package - COVID Liability Protection provisions.
Client expense: Not reported · Firm income: $100,000
Government targets: Executive Office of the President (EOP), Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE, U.S. Trade Representative (USTR)
2020 · fourth_quarter · Budget/Appropriations
H.R. 133. The Consolidated Appropriations Act of 2021. A bill providing appropriations for the federal government and provide fiscal relief for the COVID-19 pandemic. Lobbied for the inclusion of Davis Bacon coverage on clean energy tax credits and energy related provisions of the bill as well as apprenticeship training language, fiscal relief for multi-state transportation entities, pension relief and multiemployer related changes to the paid sick leave tax credit. H.R. 8406. HEROES 2.0. A bill providing appropriations and other public policy to address the COVID-19 pandemic. Lobbied on the inclusion of multiemployer pension relief, eligibility of 501(c)(5)s for PPP loans, COBRA subsidies, Port Authority of NY and NJ funding and prevailing wage coverage.. H.R. 8805. Retail Revitalization Act of 2020. This bill modifies rules related to rents received by real estate investment trusts (REITs) from related parties. It increases the permissible stock ownership and constructive stock ownership percentage in a REIT to 50% and modifies rules for taxable REIT subsidiaries. Bill in full. H.R. 6764. Put Our Neighbors to Work Act. A bill to amend title 10, United States Code, to improve congressional oversight and public transparency of military construction contract awards, and for other purposes. Bill in full. S. 4049. The National Defense Authorization Act FY 21. Lobbied against Industry Recognized Apprenticeship Programs being applicable to the construction industry, for the inclusion of local hire preference language and prevailing wage language. H.R. 6395. The National Defense Authorization Act FY 21. Lobbied against Industry Recognized Apprenticeship Programs being applicable to the construction industry and for the inclusion of local hire preference language and prevailing wage language. H.R. 2. INVEST in America Act. A bill to authorize funds for Federal-aid highways, highway safety programs, and transit programs, and for other purposes. Lobbied on the inclusion of Davis Bacon coverage and corrosion prevention standards for bridges. H.R. 2. Moving Forward Act. A $1.5 trillion bill that will rebuild American infrastructure; roads, bridges, and transit systems, but also our schools, housing, broadband access. Lobbied for inclusion of labor standards, especially prevailing wage. H.R. 266. The Paycheck Protection Program and Health Care Enhancement Act. Lobbied for inclusion of prevailing wage. HR 6800. HEROES Act. A bill providing appropriations and other public policy to address the COVID-19 pandemic. Lobbied on the inclusion of multiemployer pension relief, eligibility of 501(c)(5)s for PPP loans, COBRA subsidies, a front-line workers relief fund, OSHA emergency temporary standard, unemployment insurance, Port Authority of NY and NJ funding, infrastructure funding, prevailing wage coverage, restoration of American manufacturing, and state and local government funding. H.R. 6559. The COVID-19 Every Worker Protection Act of 2019. A bill to require OSHA to issue an Emergency Temporary Standard, based on CDC guidance, to protect all workers from exposure to COVID-19 in the workplace. Bill in full. H.R. 6514. The Worker Health Coverage Protection Act. A bill to provide premium assistance for COBRA continuation coverage and furloughed continuation coverage for individuals and their families during the COVID-19 emergency period and 180-days thereafter, and for other purposes. Bill in full. H.R. 748. The CARES Act. A bill providing appropriations and other public policy to address the COVID-19 pandemic. Lobbied on the inclusion of multiemployer pension relief, eligibility of 501(c)(5)s for PPP loans, COBRA subsidies, FMLA, paid sick leave, unemployment insurance and prevailing wage coverage. H.R. 2210. The Invest in America Act. A bill to repeal the Foreign Investment in Real Property Tax Act (FIRPTA). Bill in full. H.R. 6422. National Infrastructure Bank Act of 2020. A bill to facilitate efficient investments and financing of infrastructure projects and new job creation through the establishment of a National Infrastructure Bank, and for other purposes. Bill in full. S Res 693. Transform Heal and Renew by Investing in a Vibrant Economy resolution. A resolution recognizing the duty of the Federal Government to implement an agenda to Transform, Heal, and Renew by Investing in a Vibrant Economy. Lobbied for inclusion of labor language.
Client expense: $170,000 · Firm income: Not reported
Government targets: Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2020 · third_quarter · Economics/Economic Development
CARES Act funding for local governments; Federal funding for transportation projects; Army Corps of Engineering project funding; Census deadline extension; COVID Stimulus Package; Infrastructure. H.R. 6800 - The HEROES Act (Health and Economic Recovery Omnibus Emergency Solutions Act; H.R.3163 - Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2020; S.2520 - Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2020; H.R.6201 - Families First Coronavirus Response Act; H.R.6074 - Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020; H.R.266 - Paycheck Protection Program and Health Care Enhancement Act; H.R.7819 - Eliminating the Provider Relief Fund Tax Penalties Act of 2020; H.R.7010 - Paycheck Protection Program Flexibility Act of 2020; H.R.6886 - Paycheck Protection Program Flexibility Act of 2020; S.3805 - Paycheck Protection Program Flexibility Act of 2020; S.3415 - Paid Sick Days for Public Health Emergencies and Personal and Family Care Act; H.R.748 - Coronavirus Aid, Relief, and Economic Security Act or the CARES Act; S.3548 - Coronavirus Aid, Relief, and Economic Security Act or the CARES Act; H.R.2 - Moving Forward Act; H.R.2210 - Invest in America Act; H.R.732 - 2020 Census IDEA Act; and S.358 - Census IDEA Act.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · third_quarter · Intelligence
CARES Act funding for local governments; Federal funding for transportation projects; Army Corps of Engineering project funding; Census deadline extension; COVID Stimulus Package; Infrastructure. H.R. 6800 - The HEROES Act (Health and Economic Recovery Omnibus Emergency Solutions Act; H.R.3163 - Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2020; S.2520 - Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2020; H.R.6201 - Families First Coronavirus Response Act; H.R.6074 - Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020; H.R.266 - Paycheck Protection Program and Health Care Enhancement Act; H.R.7819 - Eliminating the Provider Relief Fund Tax Penalties Act of 2020; H.R.7010 - Paycheck Protection Program Flexibility Act of 2020; H.R.6886 - Paycheck Protection Program Flexibility Act of 2020; S.3805 - Paycheck Protection Program Flexibility Act of 2020; S.3415 - Paid Sick Days for Public Health Emergencies and Personal and Family Care Act; H.R.748 - Coronavirus Aid, Relief, and Economic Security Act or the CARES Act; S.3548 - Coronavirus Aid, Relief, and Economic Security Act or the CARES Act; H.R.2 - Moving Forward Act; H.R.2210 - Invest in America Act; H.R.732 - 2020 Census IDEA Act; and S.358 - Census IDEA Act.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · third_quarter · Transportation
CARES Act funding for local governments; Federal funding for transportation projects; Army Corps of Engineering project funding; Census deadline extension; COVID Stimulus Package; Infrastructure. H.R. 6800 - The HEROES Act (Health and Economic Recovery Omnibus Emergency Solutions Act; H.R.3163 - Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2020; S.2520 - Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2020; H.R.6201 - Families First Coronavirus Response Act; H.R.6074 - Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020; H.R.266 - Paycheck Protection Program and Health Care Enhancement Act; H.R.7819 - Eliminating the Provider Relief Fund Tax Penalties Act of 2020; H.R.7010 - Paycheck Protection Program Flexibility Act of 2020; H.R.6886 - Paycheck Protection Program Flexibility Act of 2020; S.3805 - Paycheck Protection Program Flexibility Act of 2020; S.3415 - Paid Sick Days for Public Health Emergencies and Personal and Family Care Act; H.R.748 - Coronavirus Aid, Relief, and Economic Security Act or the CARES Act; S.3548 - Coronavirus Aid, Relief, and Economic Security Act or the CARES Act; H.R.2 - Moving Forward Act; H.R.2210 - Invest in America Act; H.R.732 - 2020 Census IDEA Act; and S.358 - Census IDEA Act.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · third_quarter · Disaster Planning/Emergencies
CARES Act funding for local governments; Federal funding for transportation projects; Army Corps of Engineering project funding; Census deadline extension; COVID Stimulus Package; Infrastructure. H.R. 6800 - The HEROES Act (Health and Economic Recovery Omnibus Emergency Solutions Act; H.R.3163 - Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2020; S.2520 - Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2020; H.R.6201 - Families First Coronavirus Response Act; H.R.6074 - Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020; H.R.266 - Paycheck Protection Program and Health Care Enhancement Act; H.R.7819 - Eliminating the Provider Relief Fund Tax Penalties Act of 2020; H.R.7010 - Paycheck Protection Program Flexibility Act of 2020; H.R.6886 - Paycheck Protection Program Flexibility Act of 2020; S.3805 - Paycheck Protection Program Flexibility Act of 2020; S.3415 - Paid Sick Days for Public Health Emergencies and Personal and Family Care Act; H.R.748 - Coronavirus Aid, Relief, and Economic Security Act or the CARES Act; S.3548 - Coronavirus Aid, Relief, and Economic Security Act or the CARES Act; H.R.2 - Moving Forward Act; H.R.2210 - Invest in America Act; H.R.732 - 2020 Census IDEA Act; and S.358 - Census IDEA Act.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · third_quarter · Taxation/Internal Revenue Code
H.R. 1434/S.634, the Education Freedom Scholarships and Opportunity Act H.R. 2210, the Invest in America Act H.R. 748, the CARES Act Issues related to FIRPTA reform Issues related to GILTI implementation Issues related to indexing capital gains taxes to inflation Issues related to SALT deduction Issues related to tax extenders Mobile Workforce State Income Tax Simplification Act of 2020, H.R. 5674 S. 3280, the Blocking New Corporate Tax Giveaways Act S. 3296, the Accelerate Long-Term Investment Growth Now Act The PLAN Act, H.R. 4232 "H.R. 6800, The Heroes Act " Issues related to implementation of the Paycheck Protection Program "S. 3612, the Small Business Expense Protection Act " Issues related to Schedule B Issues related to alcohol excise taxes Issues related to tax filing and tax preparation deadlines Issues related to DoL information letter on Private Equity investments H.R. 6800, The Heroes Act Issues related to federal royalty rate payments Issues related to federal royalty rate payments Issues related to C-Band Helping Gig Economy Workers Act H. R. 7749, To amend the Internal Revenue Code of 1986 to encourage the transfer of intangible property from controlled foreign corporations to United States shareholders H. R. 7767, To amend the Internal Revenue Code of 1986 to provide for credits against tax for domestic medical and drug manufacturing and advanced medical manufacturing equipment H.R 8201, the Support for Workers, Families, and Social Security Act H.R. 7556, To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research H.R. 7615, To provide a payrolltaxcreditfor certain expenses associated with protecting employees from COVID-19. H.R. 7787, the Invest Now Act H.R.7505, the AmericanInnovationAct H.R.7537, the Infectious Disease Therapies Research and Innovation Act H.R.7555, To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities H.Res.1097 - Expressing strong opposition to the imposition of digital services taxes by other countries that discriminate against United States companies Issues related to digital services taxes Issues related to payroll tax EO S. 1703/H.R.3077, the Affordable Housing Credit Improvement Act S. 4537, The Reinvigorating the Economy, Creating Opportunity for Every Vocation, Employer, Retiree, and Youth (RECOVERY) Act S. 4708/H.R.8038, the Pandemic Preparedness, Response, and Recovery Act (PPRRA) S.3733 and H.R. 6988, the Helping Gig Economy Workers Act of 2020
Client expense: $60,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Executive Office of the President (EOP), Federal Communications Commission (FCC), Federal Energy Regulatory Commission (FERC), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Justice, Dept of (DOJ), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2020 · third_quarter · Taxation/Internal Revenue Code
Tax Reform HR188 - SALT Deductibility Act HR216 - Main Street Tax Certainty Act HR257 - SALT Fairness Act of 2019 HR515 - State And Local Tax Deduction Fairness Act of 2019 HR1142 - SALT Act HR1757 - To amend the Internal Revenue Code of 1986 to increase the limitation on the amount individuals can deduct for certain State and local taxes. HR1865 - Further Consolidated Appropriations Act, 2020 HR1869 - Restoring Investment in Improvements Act HR2624 - SALT Relief and Marriage Penalty Elimination Act of 2019 HR2894 - Save the State and Local Tax Deduction for Middle Class Families Act of 2019 HR4274 - Cutting Local Taxes by Reinstating SALT Act HR5377 - Restoring Tax Fairness for States and Localities Act S437 - SALT Act S803 - Restoring Investment in Improvements Act S1149 - A bill to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income. New Energy Efficient Home Credit Letter to House Ways & Means in support of renewing the New Energy Efficient Home Credit Mortgage Debt Relief HR285 - Mortgage Debt Tax Forgiveness Act of 2018 HR1977 - Mortgage Forgiveness Tax Relief Act of 2019 Letter to full House in support of extending the exclusion for cancellation of mortgage debt on a principal residence Communications with Senate Finance Committee Taskforce on Mortgage Debt Forgiveness. Communications with the House and Senate regarding the Mortgage Debt Forgiveness exclusion. Carried Interest HR1735 - Carried Interest Fairness Act of 2019 S781 - Carried Interest Fairness Act of 2019 Tax Extenders HR1865 - Further Consolidated Appropriations Act, 2020 HR3301 - Taxpayer Certainty and Disaster Tax Relief Act of 2019 S617 - Tax Extender and Disaster Relief Act of 2019 Communications with the House and Senate on tax extenders and expiring tax provisions. Exclusion for Employer-Paid Student Debt HR1043 - Employer Participation in Repayment Act S460 - Employer Participation in Repayment Act of 2019 FIRPTA Repeal HR2210 - Invest in America Act Low Income Housing Tax Credit HR3077 - Affordable Housing Credit Improvement Act of 2019 S1703 - Affordable Housing Credit Improvement Act of 2019 Tax credit for refurbishing homes in troubled neighborhoods HR3316 - Neighborhood Home Investment Act Qualified Opportunity Zones S1344 - A bill to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes. HR2593 - To require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes. Discussions with the House and Senate regarding the Qualified Opportunity Zone program rulemaking. Alternative Depreciation Systems S2984 - Multifamily Depreciation Parity Act of 2019 Communications with the Senate Finance Committee and the House Ways & Means Committee regarding alternative depreciation systems. 529 Account Use for Professional Certifications HR5339 - Freedom To Invest in Tomorrow's Workforce Act Section 1031 Like-Kind Exchanges HR2309 - Real Estate Exchange Fairness Act COVID-19 Relief HR748 - CARES Act HR6201 - Families First Coronavirus Response Act HR6776 - JOBS Credit Act of 2020 HR6800 - HEROES Act S__ - HEALS Act Communications with Congress regarding tax deductibility for certain business expenses paid for with PPP loans and priorities for the next COVID-19 relief bill.
Client expense: $33,420,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Environmental Protection Agency (EPA), Federal Aviation Administration (FAA), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), Financial Crimes Enforcement Network (FinCEN), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), Natl Economic Council (NEC), SENATE, Small Business Administration (SBA), Treasury, Dept of, Veterans Affairs, Dept of (VA), White House Office
2020 · third_quarter · Taxation/Internal Revenue Code
HR 2210, Invest in America Act, all provisions. Section 1031 like-kind exchanges. Issues pertaining to the application of Foreign Persons Investment in Real Property Tax of 1980.
Client expense: $65,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2020 · third_quarter · Taxation/Internal Revenue Code
HR 2210, Invest in America Act, all provisions. Section 1031 like-kind exchanges. Issues pertaining to the application of Foreign Persons Investment in Real Property Tax of 1980.
Client expense: Not reported · Firm income: $56,000
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2020 · third_quarter · Energy/Nuclear
Outreach and monitoring of legislative and administrative action related to energy policy, climate change, renewable portfolio standards, and the production tax credit. Outreach and monitoring of legislative and administrative action related to environmental and climate benefits of waste-to-energy. Monitor legislative and administrative action related to energy tax extenders during the COVID-19 pandemic H.R. 2741, Leading Infrastructure for Tomorrow's America Act (LIFT). S. 1841 / H.R. 3249, Financing Our Energy Future Act. Outreach and monitoring related to the Public Utility Regulatory Policies Act (PURPA) (P.L. 95-617). S. 1359 / H.R. 2597, Clean Energy Standard Act of 2019. H.R. 2, Moving Forward Act. H.R. 2210, Invest in America Act. H.R. 4447, Clean Economy Jobs and Innovation Act. S. 4775, Delivering Immediate Relief to America's Families, Schools and Small Businesses Act.
Client expense: Not reported · Firm income: $80,000
Government targets: Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE