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High Rise Fire Sprinkler Incentive Act of 2019
Legislative Progress
Introduced
October 15, 2019
Latest Action
October 15, 2019
Primary Sponsor
Bill Pascrell, Jr.Democratic(NJ)
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
0pct
0d open
vs 9,062 other HR bills in the 116th — cohort avg 39d
High Rise Fire Sprinkler Incentive Act of 2019 This bill amends the Internal Revenue Code to classify any automatic fire sprinkler system retrofit property as 15-year property for purposes of accelerated depreciation.
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Filing registrants (4)
2021 · first_quarter · Taxation/Internal Revenue Code
COVID-19 Relief H.R. 1319 (Public Law 117-2), American Rescue Plan Act of 2021: Title III -- Committee on Banking, Housing, and Urban Affairs, Subtitle B -- Housing Provisions, Section 3201: Emergency Rental Assistance; Sec. 3202 Emergency Housing Vouchers; Sec. 3202 Emergency Assistance For Rural Housing Title IX -- Committee on Finance, Subtitle A -- Crisis Support for Unemployed Workers, Part 1 -- Extension of CARES Act Unemployment Provisions, all provisions; Part 4 -- Other Provisions, Section 9041: Extension of limitation on excess business losses of noncorporate taxpayers; Subtitle G -- Promoting Economic Security, Part 1 -- 2021 Recovery Rebates to Individuals, Section 9601: 2021 recovery rebates to individuals; Part 6 -- Employee Retention Credit, Section 9651: Extension of employee retention credit. Net Operating Losses and Limitation on Excess Business Losses of Non-corporate Taxpayers: Oppose modifying provisions impacting these provisions enacted as part of the CARES Act. Taxation of Pass-Through Entities 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. H.R. 4685 (116th Congress), High Rise Fire Sprinkler Incentive Act of 2019, to amend the Internal Revenue Code of 1986 to classify certain automatic fire sprinkler system retrofits as 15-year property for purposes of depreciation, all provisions. Low-Income Housing Tax Credit, Middle-Income Housing Tax Credit, and Affordable Housing Tax Incentives Low-Income Housing Tax Credit: Support making permanent and augmenting by an additional 50 percent the increased credit authority enacted in March 2018 to enable the production of new units. Draft legislation, 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. Requested Treasury and Internal Revenue Service extend deadlines to lease units in Low-Income Housing Tax Credit properties due to COVID-19-related hardships. Issue was addressed in Internal Revenue Service Notice 2021-12. H.R. 3479 (116th Congress), Save Affordable Housing Act of 2019, to amend the Internal Revenue Code of 1986 to repeal the qualified contract exception to the extended low-income housing commitment rules for purposes of the low-income housing credit, and for other purposes, all provisions. S. 1956 (116th Congress), Save Affordable Housing Act of 2019, to amend the Internal Revenue Code of 1986 to repeal the qualified contract exception to the extended low-income housing commitment rules for purposes of 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. No legislative proposal but studied the efficacy of 80/20 bonds in the production of multifamily housing. 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. 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 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. 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 304: Extension, Increase, and Modifications of New Energy Efficient Home Credit. Section 179D Energy efficient commercial buildings deduction and its use by multifamily firms (for buildings with 4 or more stories) Section 45L Energy efficient home tax credit (buildings with 3 or fewer stories) Lead Safety S. 4908 (116th Congress), Home Lead Safety Tax Credit Act, to amend the Internal Revenue Code of 1986 to provide a tax credit for taxpayers who remove lead-based hazards, all provisions. Biden Tax Proposals 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). Tax Treatment of Capital Income Proposal by Senator Ron Wyden, Treat Wealth Like Wages, A plan to fix our broken tax code, ensure the wealthy pay their fair share, and protect Social Security. 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. 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. Estate Tax Estate Tax: Support making permanent the Estate Tax rules enacted as part of the Tax Cuts and Jobs Act of 2017.
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
Client expense: $1,080,000 · 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), 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)
2020 · fourth_quarter · Taxation/Internal Revenue Code
Fire sprinkler depreciation and fire safety, H.R. 4685 To amend the Internal Revenue Code of 1986 to classify certain automatic fire sprinkler system retrofits as 15-year property for purposes of depreciation; fire sprinkler depreciation and fire safety S.3090 / H.R. 5969 Public Housing Fire Safety Act
Client expense: Not reported · Firm income: $20,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 1241/S.1210, the Volunteer Responder Incentive Protection Act. All issues related to the legislation. H.R.4685, High Rise Fire Sprinkler Incentive Act of 2019. All issues related to the legislation.
Client expense: $20,000 · Firm income: Not reported
Government targets: Defense, Dept of (DOD), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), SENATE, White House Office
2020 · fourth_quarter · Taxation/Internal Revenue Code
P.L. 116-260, the Consolidated Appropriations Act, 2021, legislation to permanently prevent federal taxation of certain state and local benefits for local volunteer firefighters. H.R. 1241/S. 1210, the Volunteer Responder Incentive Protection Act, legislation to prevent federal taxation of certain state and local benefits for local volunteer firefighters. P.L. 116-36, the Coronavirus Aid, Relief, and Economic Security Act, provisions relating to tax incentives for the installation of automatic fire sprinklers. H.R. 6800/H.R.925, the Heroes Act, provisions to prevent federal taxation of certain state and local benefits for local volunteer firefighters and tax incentives for training and uniforms. Issues relating to tax treatment of incentives for volunteer firefighters. H.R. 4685, the High Rise Fire Sprinkler Incentive Act, provisions to establish tax incentives for the retrofit installation of fire sprinklers in high-rise buildings. H.R. 8538, provisions relating to the inclusion of career firefighters hired by volunteer fire departments into state pension systems. H.R. 8696, the Securing a Strong Retirement Act of 2020, provisions relating to the inclusion of career firefighters hired by volunteer fire departments into state pension systems.
Client expense: $10,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Bureau of Justice Assistance, Centers For Disease Control & Prevention (CDC), Centers For Medicare and Medicaid Services (CMS), Central Intelligence Agency (CIA), Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Health Resources & Services Administration (HRSA), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Natl Highway Traffic Safety Administration (NHTSA), Natl Institute of Standards & Technology (NIST), Natl Security Council (NSC), Natl Telecommunications & Information Administration (NTIA), Pipeline & Hazardous Materials Safety Administration, SENATE, Substance Abuse & Mental Health Services Administration (SAMHSA), Transportation, Dept of (DOT), U.S. Forest Service
2020 · third_quarter · Taxation/Internal Revenue Code
H.R. 1241, the Volunteer Responder Incentive Protection Act. All issues related to the legislation. H.R. 1869/S. 803, the Restoring Investments in Improvements Act. Issues related to restoring tax incentives for investments in fire protection systems. H.R.4685, High Rise Fire Sprinkler Incentive Act of 2019. All issues related to the legislation.
Client expense: $20,000 · Firm income: Not reported
Government targets: Defense, Dept of (DOD), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), SENATE, White House Office
2020 · third_quarter · Taxation/Internal Revenue Code
H.R. 4685 - To amend the Internal Revenue Code of 1986 to classify certain automatic fire sprinkler system retrofits as 15-year property for purposes of depreciation; fire sprinkler depreciation and fire safety, S. 3090 ; H.R. 5969 - Public Housing Fire Safety Act
Client expense: Not reported · Firm income: $20,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · third_quarter · Taxation/Internal Revenue Code
H.R. 1241/S. 1210, the Volunteer Responder Incentive Protection Act, legislation to prevent federal taxation of certain state and local benefits for local volunteer firefighters. P.L. 116-36, the Coronavirus Aid, Relief, and Economic Security Act, provisions relating to tax incentives for the installation of automatic fire sprinklers. H.R. 6800/H.R.925, the Heroes Act, provisions to prevent federal taxation of certain state and local benefits for local volunteer firefighters and tax incentives for training and uniforms, S. 803/H.R. 1869, Restoring Investment in Improvements Act, provisions to incentivize the retrofit of buildings owned by small businesses with automatic fire sprinklers. Issues relating to tax treatment of incentives for volunteer firefighters. H.R. 4685, the High Rise Fire Sprinkler Incentive Act, provisions to establish tax incentives for the retrofit installation of fire sprinklers in high-rise buildings.
Client expense: $20,000 · Firm income: Not reported
2020 · second_quarter · Taxation/Internal Revenue Code
H.R. 4685 - To amend the Internal Revenue Code of 1986 to classify certain automatic fire sprinkler system retrofits as 15-year property for purposes of depreciation; fire sprinkler depreciation and fire safety, S. 3090 ; H.R. 5969 - Public Housing Fire Safety Act
Client expense: Not reported · Firm income: $20,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · second_quarter · Taxation/Internal Revenue Code
H.R. 1241, the Volunteer Responder Incentive Protection Act. All issues related to the legislation. H.R. 1869/S. 803, the Restoring Investments in Improvements Act. Issues related to restoring tax incentives for investments in fire protection systems. H.R.4685, High Rise Fire Sprinkler Incentive Act of 2019. All issues related to the legislation.
Client expense: $20,000 · Firm income: Not reported
Government targets: Defense, Dept of (DOD), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), SENATE, White House Office
2020 · second_quarter · Taxation/Internal Revenue Code
H.R. 1241/S. 1210, the Volunteer Responder Incentive Protection Act, legislation to prevent federal taxation of certain state and local benefits for local volunteer firefighters. P.L. 116-36, the Coronavirus Aid, Relief, and Economic Security Act, provisions relating to tax incentives for the installation of automatic fire sprinklers. H.R. 6800, the Heroes Act, provisions to prevent federal taxation of certain state and local benefits for local volunteer firefighters and tax incentives for training and uniforms, S. 803/H.R. 1869, Restoring Investment in Improvements Act, provisions to incentivize the retrofit of buildings owned by small businesses with automatic fire sprinklers. Issues relating to tax treatment of incentives for volunteer firefighters. H.R. 4685, the High Rise Fire Sprinkler Incentive Act, provisions to establish tax incentives for the retrofit installation of fire sprinklers in high-rise buildings.
Client expense: $20,000 · Firm income: Not reported
2020 · first_quarter · Taxation/Internal Revenue Code
H.R. 1241, the Volunteer Responder Incentive Protection Act. All issues related to the legislation. H.R. 1869/S. 803, the Restoring Investments in Improvements Act. Issues related to restoring tax incentives for investments in fire protection systems. H.R.4685, High Rise Fire Sprinkler Incentive Act of 2019. All issues related to the legislation.
Client expense: $20,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), SENATE, White House Office
2020 · first_quarter · Taxation/Internal Revenue Code
Depreciation Rules H.R. 5313, Multifamily Depreciation Parity Act of 2019, to amend the Internal Revenue Code of 1986 to allow for certain residential rental property to be depreciated over a 30-year period, all provisions. S. 2984, Multifamily Depreciation Parity Act of 2019, to amend the Internal Revenue Code of 1986 to allow for certain residential rental property to be depreciated over a 30-year period, all provisions. Business Interest Deductibility Department of Treasury and Internal Revenue Service, 26 CFR Part 1, REG-106089-18, RIN 1545-BO73, Limitation on Deduction for Business Interest Expense, issues pertaining to: (1) the interaction between the small business exception and the real estate trade or business election (as well as resulting impacts on the depreciation of multifamily buildings); and (2) the application of the REIT safe harbor to certain controlled partnerships. Opportunity Zones Opportunity Zones: No bill introduced but support legislative change to reduce the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone substantial improvement purposes. S. 2787, Opportunity Zone Reporting and Reform Act, to amend the Internal Revenue Code of 1986 to require reporting for qualified opportunity funds, to make modifications to opportunity zones, and for other purposes, all provisions. Low-Income Housing Tax Credit, Middle-Income Housing Tax Credit, and Incentives for Housing Affordability and Infrastructure Development H.R. 3077, 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, 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 provide a credit for middle-income housing, and for other purposes, all provisions. H.R. 6175, Revitalizing Economies, Housing, and Businesses Act of 2020 or the REHAB Act of 2020, to amend the Internal Revenue Code of 1986 to modify the rehabilitation credit, all provisions. Draft legislative proposal to amend the Internal Revenue Code of 1986 to provide a special allowance for certain real property placed in service during the COVID-19 pandemic. Support infrastructure bill including tax incentives to: expand the Low-Income Housing Tax Credit; enact the Middle-Income Housing Tax Credit; reduce the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone purposes; repeal the Foreign Investment in Real Property Tax Act; extend the IRC Section 45L New Energy Efficient Home Credit; extending and modify the IRC Section 179D Energy Efficient Commercial Buildings Deduction to facilitate investments in improving the utility performance of existing properties; and provide a rehabilitation tax credit for rehabilitating multifamily housing near transit. Energy We support extending the IRC Section 45L New Energy Efficient Home Credit and extending and modifying the IRC Section 179D Energy Efficient Commercial Buildings Deduction to facilitate investments in improving the utility performance of existing properties H.R. 4506, Home Energy Savings Act, to amend the Internal Revenue Code of 1986 to extend and update the credit for nonbusiness energy property, all provisions. H.R. 4646, New Home Energy Efficiency Act, to amend the Internal Revenue Code of 1986 to extend and update the new energy efficient home credit, all provisions. S. 2588, Home Energy Savings Act, to amend the Internal Revenue Code of 1986 to extend and update the credit for nonbusiness energy property, all provisions. S. 2595, New Home Energy Efficiency Act, to amend the Internal Revenue Code of 1986 to extend and update the new energy efficient home credit, all provisions. Draft legislation, Growing Renewable Energy and Efficiency Now Act of 2019, or the GREEN Act of 2019, to amend the Internal Revenue Code to promote green energy, Section 303: Energy efficient commercial buildings deduction and Section 304: Extension, increase, and modifications of new energy efficient home credit. Draft legislation, Energy Efficient Qualified Improvement Property Act of 2019, or the E-QuIP Act, to amend the Internal Revenue Code to allow 10-year straight line depreciation for energy efficient qualified improvement property, and for other purposes, all provisions. Fire Sprinklers H.R. 4685, High Rise Fire Sprinkler Incentive Act of 2019, to amend the Internal Revenue Code of 1986 to classify certain automatic fire sprinkler system retrofits as 15-year property for purposes of depreciation, all provisions. Tax Treatment of Capital Income Proposal by Senate Finance Committee Ranking Member Ron Wyden, Treat Wealth Like Wages, A plan to fix our broken tax code, ensure the wealthy pay their fair share, and protect Social Security. Like-Kind Exchanges Support maintaining current tax law relative to the tax treatment of 1031 Like-Kind Exchanges. Letter to Treasury and Internal Revenue Service requesting that the deadlines to identify replacement property and / or complete like-kind exchanges be extended per the relief described in Rev. Proc. 2018-58 and authorized under Internal Revenue Code 7508A. Carried Interest H.R. 1735, Carried Interest Fairness Act of 2019, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-through entities, all provisions. S. 781, Carried Interest Fairness Act of 2019, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-through entities, all provisions. S. 1639, 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. Foreign Investment in Real Property Tax Act (FIRPTA) H.R. 2210, 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.
2020 · first_quarter · Taxation/Internal Revenue Code
H.R. 1241/S. 1210, the Volunteer Responder Incentive Protection Act, legislation to prevent federal taxation of certain state and local benefits for local volunteer firefighters. P.L. 116-36, the Coronavirus Aid, Relief, and Economic Security Act, provisions relating to tax incentives for the installation of automatic fire sprinklers. S. 803/H.R. 1869, Restoring Investment in Improvements Act, provisions to incentivize the retrofit of buildings owned by small businesses with automatic fire sprinklers. Issues relating to tax treatment of incentives for volunteer firefighters. H.R. 4685, the High Rise Fire Sprinkler Incentive Act, provisions to establish tax incentives for the retrofit installation of fire sprinklers in high-rise buildings.
Client expense: $20,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Bureau of Justice Assistance, Centers For Disease Control & Prevention (CDC), Centers For Medicare and Medicaid Services (CMS), Central Intelligence Agency (CIA), Defense, Dept of (DOD), Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Health Resources & Services Administration (HRSA), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Natl Highway Traffic Safety Administration (NHTSA), Natl Security Council (NSC), Natl Telecommunications & Information Administration (NTIA), Pipeline & Hazardous Materials Safety Administration, SENATE, Transportation, Dept of (DOT), U.S. Forest Service
2020 · first_quarter · Taxation/Internal Revenue Code
Depreciation Rules H.R. 5313, Multifamily Depreciation Parity Act of 2019, to amend the Internal Revenue Code of 1986 to allow for certain residential rental property to be depreciated over a 30-year period, all provisions. S. 2984, Multifamily Depreciation Parity Act of 2019, to amend the Internal Revenue Code of 1986 to allow for certain residential rental property to be depreciated over a 30-year period, all provisions. Business Interest Deductibility Department of Treasury and Internal Revenue Service, 26 CFR Part 1, REG-106089-18, RIN 1545-BO73, Limitation on Deduction for Business Interest Expense, issues pertaining to: (1) the interaction between the small business exception and the real estate trade or business election (as well as resulting impacts on the depreciation of multifamily buildings); and (2) the application of the REIT safe harbor to certain controlled partnerships. Opportunity Zones Opportunity Zones: No bill introduced but support legislative change to reduce the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone substantial improvement purposes. S. 2787, Opportunity Zone Reporting and Reform Act, to amend the Internal Revenue Code of 1986 to require reporting for qualified opportunity funds, to make modifications to opportunity zones, and for other purposes, all provisions. Low-Income Housing Tax Credit, Middle-Income Housing Tax Credit, and Incentives for Housing Affordability and Infrastructure Development H.R. 3077, 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, 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 provide a credit for middle-income housing, and for other purposes, all provisions. H.R. 6175, Revitalizing Economies, Housing, and Businesses Act of 2020 or the REHAB Act of 2020, to amend the Internal Revenue Code of 1986 to modify the rehabilitation credit, all provisions. Draft legislative proposal to amend the Internal Revenue Code of 1986 to provide a special allowance for certain real property placed in service during the COVID-19 pandemic. Support infrastructure bill including tax incentives to: expand the Low-Income Housing Tax Credit; enact the Middle-Income Housing Tax Credit; reduce the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone purposes; repeal the Foreign Investment in Real Property Tax Act; extend the IRC Section 45L New Energy Efficient Home Credit; extending and modify the IRC Section 179D Energy Efficient Commercial Buildings Deduction to facilitate investments in improving the utility performance of existing properties; and provide a rehabilitation tax credit for rehabilitating multifamily housing near transit. Energy We support extending the IRC Section 45L New Energy Efficient Home Credit and extending and modifying the IRC Section 179D Energy Efficient Commercial Buildings Deduction to facilitate investments in improving the utility performance of existing properties H.R. 4506, Home Energy Savings Act, to amend the Internal Revenue Code of 1986 to extend and update the credit for nonbusiness energy property, all provisions. H.R. 4646, New Home Energy Efficiency Act, to amend the Internal Revenue Code of 1986 to extend and update the new energy efficient home credit, all provisions. S. 2588, Home Energy Savings Act, to amend the Internal Revenue Code of 1986 to extend and update the credit for nonbusiness energy property, all provisions. S. 2595, New Home Energy Efficiency Act, to amend the Internal Revenue Code of 1986 to extend and update the new energy efficient home credit, all provisions. Draft legislation, Growing Renewable Energy and Efficiency Now Act of 2019, or the GREEN Act of 2019, to amend the Internal Revenue Code to promote green energy, Section 303: Energy efficient commercial buildings deduction and Section 304: Extension, increase, and modifications of new energy efficient home credit. Draft legislation, Energy Efficient Qualified Improvement Property Act of 2019, or the E-QuIP Act, to amend the Internal Revenue Code to allow 10-year straight line depreciation for energy efficient qualified improvement property, and for other purposes, all provisions. Fire Sprinklers H.R. 4685, High Rise Fire Sprinkler Incentive Act of 2019, to amend the Internal Revenue Code of 1986 to classify certain automatic fire sprinkler system retrofits as 15-year property for purposes of depreciation, all provisions. Tax Treatment of Capital Income Proposal by Senate Finance Committee Ranking Member Ron Wyden, Treat Wealth Like Wages, A plan to fix our broken tax code, ensure the wealthy pay their fair share, and protect Social Security. Like-Kind Exchanges Support maintaining current tax law relative to the tax treatment of 1031 Like-Kind Exchanges. Letter to Treasury and Internal Revenue Service requesting that the deadlines to identify replacement property and / or complete like-kind exchanges be extended per the relief described in Rev. Proc. 2018-58 and authorized under Internal Revenue Code 7508A. Carried Interest H.R. 1735, Carried Interest Fairness Act of 2019, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-through entities, all provisions. S. 781, Carried Interest Fairness Act of 2019, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-through entities, all provisions. S. 1639, 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. Foreign Investment in Real Property Tax Act (FIRPTA) H.R. 2210, 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.
2020 · first_quarter · Taxation/Internal Revenue Code
H.R. 4685 - To amend the Internal Revenue Code of 1986 to classify certain automatic fire sprinkler system retrofits as 15-year property for purposes of depreciation; fire sprinkler depreciation and fire safety issues generally; S. 3090 - Public Housing Fire Safety Act
Client expense: Not reported · Firm income: $20,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2019 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 1241/S. 1210, the Volunteer Responder Incentive Protection Act, legislation to prevent federal taxation of certain state and local benefits for local volunteer firefighters. H.R. 1007/S. 972, the Retirement Enhancement and Savings Act/ H.R. 1994/P.L. 116-94, the Setting Every Community Up for Retirement Enhancement Act, legislation to prevent federal taxation of certain state and local benefits for local volunteer firefighters. S. 803/H.R. 1869, Restoring Investment in Improvements Act, provisions to incentivize the retrofit of buildings owned by small businesses with automatic fire sprinklers. Issues relating to tax treatment of incentives for volunteer firefighters. H.R. 4685, the High Rise Fire Sprinkler Incentive Act, provisions to establish tax incentives for the retrofit installation of fire sprinklers in high-rise buildings.
Client expense: $20,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Bureau of Justice Assistance, Centers For Disease Control & Prevention (CDC), Centers For Medicare and Medicaid Services (CMS), Central Intelligence Agency (CIA), Defense, Dept of (DOD), Federal Aviation Administration (FAA), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Health Resources & Services Administration (HRSA), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Natl Highway Traffic Safety Administration (NHTSA), Natl Security Council (NSC), Natl Telecommunications & Information Administration (NTIA), Pipeline & Hazardous Materials Safety Administration, SENATE, Transportation, Dept of (DOT), U.S. Forest Service
2019 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 4685 - To amend the Internal Revenue Code of 1986 to classify certain automatic fire sprinkler system retrofits as 15-year property for purposes of depreciation; fire sprinkler depreciation and fire safety issues generally; S. 3090 - Public Housing Fire Safety Act
Client expense: Not reported · Firm income: $20,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2019 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 1241, the Volunteer Responder Incentive Protection Act. All issues related to the legislation. H.R. 1869/S. 803, the Restoring Investments in Improvements Act. Issues related to restoring tax incentives for investments in fire protection systems. H.R.4685, High Rise Fire Sprinkler Incentive Act of 2019. All issues related to the legislation.
Client expense: $20,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2019 · third_quarter · Taxation/Internal Revenue Code
H.R. 4685 - To amend the Internal Revenue Code of 1986 to classify certain automatic fire sprinkler system retrofits as 15-year property for purposes of depreciation. ; fire sprinkler depreciation and fire safety
Client expense: Not reported · Firm income: $20,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Government targets: Agriculture, Dept of (USDA), Bureau of Justice Assistance, Centers For Disease Control & Prevention (CDC), Centers For Medicare and Medicaid Services (CMS), Central Intelligence Agency (CIA), Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Health Resources & Services Administration (HRSA), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Natl Highway Traffic Safety Administration (NHTSA), Natl Institute of Standards & Technology (NIST), Natl Security Council (NSC), Natl Telecommunications & Information Administration (NTIA), Pipeline & Hazardous Materials Safety Administration, SENATE, Substance Abuse & Mental Health Services Administration (SAMHSA), Transportation, Dept of (DOT), U.S. Forest Service
Government targets: Agriculture, Dept of (USDA), Bureau of Justice Assistance, Centers For Disease Control & Prevention (CDC), Centers For Medicare and Medicaid Services (CMS), Central Intelligence Agency (CIA), Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Health Resources & Services Administration (HRSA), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Natl Highway Traffic Safety Administration (NHTSA), Natl Security Council (NSC), Natl Telecommunications & Information Administration (NTIA), Pipeline & Hazardous Materials Safety Administration, SENATE, Substance Abuse & Mental Health Services Administration (SAMHSA), Transportation, Dept of (DOT), U.S. Forest Service
Client expense: $1,440,000 · Firm income: Not reported
Government targets: Army, Dept of (Corps of Engineers), 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, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), 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)
Client expense: $1,440,000 · Firm income: Not reported
Government targets: Army, Dept of (Corps of Engineers), 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, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), 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)