Revitalizing Economies, Housing, And Businesses Act of 2021

TCJA Permanency & Tax Issues in Biden Administrations Fiscal Year 2024 Budget General Explanations of the Administration's Fiscal Year 2024 Revenue Proposals: Prevent basis shifting by related parties through partnerships; Strengthen limitation on losses for non-corporate taxpayers; Expand and enhance the Low-Income Housing Tax Credit; Apply the net investment income tax to pass-through business income of high-income taxpayers; Increase the net investment income tax rate and additional Medicare tax rate for high-income taxpayers; Increase the top marginal income tax rate for high-income earners; Reform the taxation of capital income; Tax carried (profits) interests as ordinary income; Repeal deferral of gain from like-kind exchanges; and Require 100 percent depreciation recapture of depreciation deductions as ordinary income for certain depreciable real property. NMHC supports extending individual tax rates and 20 percent qualified business income tax deduction that expires at the end of 2025. Estate Tax, Stepped-Up Basis, and Taxation of Unrealized Capital Gains at Death NMHC supports making permanent the Estate Tax rules enacted as part of the Tax Cuts and Jobs Act of 2017. NMHC supports retaining current law providing for stepped-up basis at death and taxation of capital gains upon actual sale. S. 1108, Death Tax Repeal Act of 2023, all provisions. 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.  Like-Kind Exchanges NMHC supports retaining current law. Low-Income Housing Tax Credit (LIHTC) and Middle-Income Housing Tax Credit (MIHTC) S. 680, 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; and Section 114: Supporting pro-housing development; Title II -- Revenue Provisions: Sections 201-210 pertaining to the Low-Income Housing Tax Credit; Section 211: Study of tax incentives for the conversion of commercial property to affordable housing; Section 212: Renter's credit; and Section 213: Middle-income housing tax credit. S. 2820 (117th Congress), 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. Draft legislation, Workforce Housing Tax Credit Act of 2022, to amend the Internal Revenue Code of 1986 to establish a Workforce Housing Tax Credit, and for other purposes, all provisions. H.R. 2573 (117th Congress), Affordable Housing Credit Improvement Act of 2021, to reform the low-income housing credit, and for other purposes, all provisions and recommendations for modifications to existing provisions and potential new provisions for inclusion when bills are reintroduced in 118th Congress. S. 1136 (117th Congress), Affordable Housing Credit Improvement Act of 2021, to reform the low-income housing credit, and for other purposes, all provisions and recommendations for modifications to existing provisions and potential new provisions for inclusion when bills are reintroduced in 118th Congress. Draft legislation (117th Congress), to amend the Internal Revenue Code of 1986 to improve the low-income housing tax credit, Section 6: Increase in credit for projects designated to serve households with people with disabilities and Section 7: Requirement for projects designated to serve households with people with disabilities. NMHC supports increasing the private-activity bond volume cap to increase the use of 4 percent Low-Income Housing Tax Credits. Adaptive Reuse Federal tax policies impacting the conversion of property (e.g., conversion of office buildings into housing) to encourage repurposing of non-residential properties into residential rental property, including proposals to establish tax credits and to enable jurisdictions that reduce zoning barriers to use tax-exempt bonds to encourage repurposing of non-residential properties into residential rental property. H.R. 419, Revitalizing Downtowns Act, to amend the Internal Revenue Code of 1986 to provide an investment credit for the conversion of office buildings into other uses, all provisions. S. 2511 (117th Congress), Revitalizing Downtowns Act, to amend the Internal Revenue Code of 1986 to provide an investment credit for the conversion of office buildings into other uses, all provisions. Opportunity Zones NMHC supports reducing the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone purposes. Rehabilitation Tax Credit H.R. 1483 (117th Congress), 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. Foreign Investment in Real Property Tax Act (FIRPTA) H.R. 3123 (117th Congress), 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. Department of the Treasury, Internal Revenue Service, 26 CFR Part 1, REG-100442-22, RIN 1545-BQ36, Guidance on the Foreign Government Income Exception and the Definition of Domestically Controlled Qualified Investment Entities, portion of proposed regulation pertaining to the definition of domestically controlled qualified investment entities.

Client expense: $2,333,138 · Firm income: Not reported

Government targets: Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Natl Economic Council (NEC), SENATE, Treasury, Dept of

TCJA Permanency & Tax Issues in Biden Administrations Fiscal Year 2024 Budget General Explanations of the Administration's Fiscal Year 2024 Revenue Proposals: Prevent basis shifting by related parties through partnerships; Strengthen limitation on losses for non-corporate taxpayers; Expand and enhance the Low-Income Housing Tax Credit; Apply the net investment income tax to pass-through business income of high-income taxpayers; Increase the net investment income tax rate and additional Medicare tax rate for high-income taxpayers; Increase the top marginal income tax rate for high-income earners; Reform the taxation of capital income; Tax carried (profits) interests as ordinary income; Repeal deferral of gain from like-kind exchanges; and Require 100 percent depreciation recapture of depreciation deductions as ordinary income for certain depreciable real property. NMHC supports extending individual tax rates and 20 percent qualified business income tax deduction that expires at the end of 2025. Estate Tax, Stepped-Up Basis, and Taxation of Unrealized Capital Gains at Death NMHC supports making permanent the Estate Tax rules enacted as part of the Tax Cuts and Jobs Act of 2017. NMHC supports retaining current law providing for stepped-up basis at death and taxation of capital gains upon actual sale. S. 1108, Death Tax Repeal Act of 2023, all provisions. 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.  Like-Kind Exchanges NMHC supports retaining current law. Low-Income Housing Tax Credit (LIHTC) and Middle-Income Housing Tax Credit (MIHTC) S. 680, 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; and Section 114: Supporting pro-housing development; Title II -- Revenue Provisions: Sections 201-210 pertaining to the Low-Income Housing Tax Credit; Section 211: Study of tax incentives for the conversion of commercial property to affordable housing; Section 212: Renter's credit; and Section 213: Middle-income housing tax credit. S. 2820 (117th Congress), 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. Draft legislation, Workforce Housing Tax Credit Act of 2022, to amend the Internal Revenue Code of 1986 to establish a Workforce Housing Tax Credit, and for other purposes, all provisions. H.R. 2573 (117th Congress), Affordable Housing Credit Improvement Act of 2021, to reform the low-income housing credit, and for other purposes, all provisions and recommendations for modifications to existing provisions and potential new provisions for inclusion when bills are reintroduced in 118th Congress. S. 1136 (117th Congress), Affordable Housing Credit Improvement Act of 2021, to reform the low-income housing credit, and for other purposes, all provisions and recommendations for modifications to existing provisions and potential new provisions for inclusion when bills are reintroduced in 118th Congress. Draft legislation (117th Congress), to amend the Internal Revenue Code of 1986 to improve the low-income housing tax credit, Section 6: Increase in credit for projects designated to serve households with people with disabilities and Section 7: Requirement for projects designated to serve households with people with disabilities. NMHC supports increasing the private-activity bond volume cap to increase the use of 4 percent Low-Income Housing Tax Credits. Adaptive Reuse Federal tax policies impacting the conversion of property (e.g., conversion of office buildings into housing) to encourage repurposing of non-residential properties into residential rental property, including proposals to establish tax credits and to enable jurisdictions that reduce zoning barriers to use tax-exempt bonds to encourage repurposing of non-residential properties into residential rental property. H.R. 419, Revitalizing Downtowns Act, to amend the Internal Revenue Code of 1986 to provide an investment credit for the conversion of office buildings into other uses, all provisions. S. 2511 (117th Congress), Revitalizing Downtowns Act, to amend the Internal Revenue Code of 1986 to provide an investment credit for the conversion of office buildings into other uses, all provisions. Opportunity Zones NMHC supports reducing the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone purposes. Rehabilitation Tax Credit H.R. 1483 (117th Congress), 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. Foreign Investment in Real Property Tax Act (FIRPTA) H.R. 3123 (117th Congress), 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. Department of the Treasury, Internal Revenue Service, 26 CFR Part 1, REG-100442-22, RIN 1545-BQ36, Guidance on the Foreign Government Income Exception and the Definition of Domestically Controlled Qualified Investment Entities, portion of proposed regulation pertaining to the definition of domestically controlled qualified investment entities.

H.R. 2483/S. 3237, Build More Housing Near Transit Act of 2021; H.R. 2126/S. 902, Housing Supply and Affordability Act; H.R. 3198/S. 1614, Yes in my Backyard Act; H.R. 6307, Tiny Homes for Homeless Veterans; Housing, Opportunity, Mobility, and Equity (HOME) Act; Build Back Better; S. 768, Better Planning and Land-Use for Accessible Neighborhoods Act; H.R. 1615, Maximizing Our Redevelopment and Efficiency for Transit Oriented Development (More TOD) Act of 2021; Task Force on the Impact of the Affordable Housing Credit Improvement Act; H.R. 2573/S. 1136, Affordable Housing Credit Improvement Act of 2021; H.R. 2143/S. 98, Neighborhood Homes Investment Act; H.R. 3680, Promoting Affordable Housing Near Transit Act; H.R. 816, Restoring Communities Left Behind Act; H.R. 1483, Revitalizing Economies, Housing, And Businesses (REHAB) Act of 2021; H.R. 1360, American Dream Down Payment Act of 2021; S. 1820, Choice in Affordable Housing Act of 2021; H.R. 1728, Strategy and Investment in Rural Housing Preservation Act of 2021; S. 2256, Charitable Conservation Easement Program Integrity Act of 2021; Housing tax credits; Community Development Block Grant program; Surface Transportation Black Grant program; Accessory Dwelling Units; Appointing Solomon Greene to the Office of Policy Development and Research at the Department of Housing and Urban Development; FY23 Appropriations; H.R. 2543, Federal Reserve Racial and Economic Equity Act; H.R. 4759/S. 2511, Revitalizing Downtowns Act; H.R. 7078, LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence (LIFELINE) Act; S. 4485, Fair Housing Improvement Act of 2022; H.R. 5756, Portal for Appraisal Licensing Act of 2021; S. 4062, Helping Open Underutilized Space to Ensure Shelter (HOUSES) Act of 2022.

Client expense: $140,000 · Firm income: Not reported

Historic Tax Credit Growth and Opportunity Act (HR 2294/S. 2266) Revitalizing Economies, Housing, And Businesses Act (HR 1483) Charitable Conservation Easement Program Integrity Act (HR 4164/S. 2256)

Client expense: $31,821 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of

Inflation Reduction Act of 2022 (version released July 27, 2022 as a draft Senate amendment in a nature of a substitute to H.R. 5376), Title 1 -- Committee on Finance, Subtitle A -- Deficit Reduction, Part 1 -- Corporate Tax Reform, Section 10101: Corporate Alternative Minimum Tax; and Part 2 -- Closing the Carried Interest Loophole, Section 10201: Modification of Rules for Partnership Interests Held in Connection with the Performance of Services; Part 3 -- Clean Energy and Efficiency Incentives for Individuals, Section 13303: Energy Efficient Commercial Buildings Deduction and Section 13304: Extension, Increase, and Modifications of New Energy Efficient Home Credit. Build Back Better / Reconciliation Legislation Revenue Raisers Oppose inclusion of proposals in any reconciliation bill to: (1) expand the 3.8 percent net investment income tax to active income; (2) expand and extend a provision limiting the use of excess business losses by non-corporate taxpayers; or (3) modify the tax treatment of 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. Like-Kind exchanges: NMHC supports retaining current law Low-Income Housing Tax Credit and Middle-Income Housing Tax Credit 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. Draft legislation, to amend the Internal Revenue Code of 1986 to establish a Workforce Housing Tax Credit, and for other purposes, all provisions. H.R. 2573, Affordable Housing Credit Improvement Act of 2021, to reform the low-income housing credit, and for other purposes, all provisions. S. 1136, Affordable Housing Credit Improvement Act of 2021, to reform the low-income housing credit, and for other purposes, all provisions. Extension of Expired Low-Income Housing Tax Credit Allocation Authority: NMHC supports extending the 12.5 increase in LIHTC credit authority available in 2018-2021. H.R. 7078, LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence (LIFELINE) Act, to amend title VI of the Social Security Act to allow coronavirus State and local fiscal recovery funds to be used for low-income housing credit projects, all provisions. S. 4181, LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence (LIFELINE) Act, to amend title VI of the Social Security Act to allow coronavirus State and local fiscal recovery funds to be used for low-income housing credit projects, all provisions. Monitored possible issuance of final rule on Low-Income Housing Tax Credit Average Income Test: 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. Issues, including FHFA's duty to serve regulatory activities, pertaining to the preservation of LIHTC properties at the end of the 15-year compliance period: nonprofit partners ability to exercise right of first refusal, and the issue of qualified contracts. Monitored mitigation of potential negative impact of OECD Pillar 2 global minimum tax on Low-Income Housing Tax Credit. Bonus Depreciation Support extension of 100 bonus depreciation that expires at the end of 2022. 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. Federal tax policies impacting the conversion of property (e.g., conversion of office buildings into housing) H.R. 4759, Revitalizing Downtowns Act, to amend the Internal Revenue Code of 1986 to provide an investment credit for the conversion of office buildings into other uses, all provisions. S. 2511, Revitalizing Downtowns Act, to amend the Internal Revenue Code of 1986 to provide an investment credit for the conversion of office buildings into other uses, all provisions. Made proposal to enable jurisdictions that reduce zoning barriers to use tax-exempt bonds to encourage repurposing of non-residential properties into housing. Opportunity Zones H.R. 7467, Opportunity Zones Transparency, Extension, and Improvement Act, to amend the Internal Revenue Code of 1986 to modify the rules relating to qualified opportunity zones, and for other purposes, all provisions. S. 4065, Opportunity Zones Transparency, Extension, and Improvement Act, to amend the Internal Revenue Code of 1986 to modify the rules relating to qualified opportunity zones, and for other purposes, all provisions. Support reducing the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone purposes. Energy Tax Incentives New Energy Efficient Homes Credit (IRC Section 45L) NMHC supported making permanent the New Energy Efficient Homes Credit as it existed prior to modification and extension as part of the Inflation Reduction Act. Energy Efficient Commercial Buildings Deduction (IRC Section 179D): NMHC supported expansion of the Energy Efficient Commercial Buildings Deduction to encourage retrofits of existing property, which would help spur investment in energy efficient improvements in older buildings. The Inflation Reduction Act addressed this issue. Taxation of Pass-Through Entities Senator Wyden Pass-Through Reform Discussion Draft, all provisions.

H.R. 2483/S. 3237, Build More Housing Near Transit Act of 2021; H.R. 2126/S. 902, Housing Supply and Affordability Act; H.R. 3198/S. 1614, Yes in my Backyard Act; H.R. 6307, Tiny Homes for Homeless Veterans; Housing, Opportunity, Mobility, and Equity (HOME) Act; Build Back Better; S. 768, Better Planning and Land-Use for Accessible Neighborhoods Act; H.R. 1615, Maximizing Our Redevelopment and Efficiency for Transit Oriented Development (More TOD) Act of 2021; Task Force on the Impact of the Affordable Housing Credit Improvement Act; H.R. 2573/S. 1136, Affordable Housing Credit Improvement Act of 2021; H.R. 2143/S. 98, Neighborhood Homes Investment Act; H.R. 3680, Promoting Affordable Housing Near Transit Act; H.R. 816, Restoring Communities Left Behind Act; H.R. 1483, Revitalizing Economies, Housing, And Businesses (REHAB) Act of 2021; H.R. 1360, American Dream Down Payment Act of 2021; S. 1820, Choice in Affordable Housing Act of 2021; H.R. 1728, Strategy and Investment in Rural Housing Preservation Act of 2021; S. 2256, Charitable Conservation Easement Program Integrity Act of 2021; Housing tax credits; Community Development Block Grant program; Surface Transportation Black Grant program; Accessory Dwelling Units; Appointing Solomon Greene to the Office of Policy Development and Research at the Department of Housing and Urban Development; FY23 Appropriations; H.R. 2543, Federal Reserve Racial and Economic Equity Act; H.R. 4759/S. 2511, Revitalizing Downtowns Act; H.R. 7078, LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence (LIFELINE) Act; S. 4485, Fair Housing Improvement Act of 2022; H.R. 5756, Portal for Appraisal Licensing Act of 2021; S. 4062, Helping Open Underutilized Space to Ensure Shelter (HOUSES) Act of 2022.

Client expense: $140,000 · Firm income: Not reported

Historic Tax Credit Growth and Opportunity Act (HR 2294/S. 2266) Revitalizing Economies, Housing, And Businesses Act (HR 1483-REHAB Act) Charitable Conservation Easement Program Integrity Act (HR 4164/S. 2256)

Client expense: $20,970 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of

H.R. 2483/S. 3237, Build More Housing Near Transit Act of 2021; H.R. 2126/S. 902, Housing Supply and Affordability Act; H.R. 3198/S. 1614, Yes in my Backyard Act; H.R. 6307, Tiny Homes for Homeless Veterans; Housing, Opportunity, Mobility, and Equity (HOME) Act; Build Back Better; S. 768, Better Planning and Land-Use for Accessible Neighborhoods Act; H.R. 1615, Maximizing Our Redevelopment and Efficiency for Transit Oriented Development (More TOD) Act of 2021; Task Force on the Impact of the Affordable Housing Credit Improvement Act; H.R. 2573/S. 1136, Affordable Housing Credit Improvement Act of 2021; H.R. 2143/S. 98, Neighborhood Homes Investment Act; H.R. 3680, Promoting Affordable Housing Near Transit Act; H.R. 816, Restoring Communities Left Behind Act; H.R. 1483, Revitalizing Economies, Housing, And Businesses (REHAB) Act of 2021; H.R. 1360, American Dream Down Payment Act of 2021; S. 1820, Choice in Affordable Housing Act of 2021; H.R. 1728, Strategy and Investment in Rural Housing Preservation Act of 2021; S. 2256, Charitable Conservation Easement Program Integrity Act of 2021; Housing tax credits; Community Development Block Grant program; Surface Transportation Black Grant program; Accessory Dwelling Units; Appointing Solomon Greene to the Office of Policy Development and Research at the Department of Housing and Urban Development; H.R. 2543, Federal Reserve Racial and Economic Equity Act; H.R. 4759/S. 2511, Revitalizing Downtowns Act.

Client expense: $140,000 · Firm income: Not reported

Historic Tax Credit Growth and Opportunity Act (HR 2294/S. 2266) Revitalizing Economies, Housing, And Businesses Act (HR 1483-REHAB Act) Charitable Conservation Easement Program Integrity Act (HR 4164/S. 2256) Neighborhood Homes Investment Act (H.R. 2143/S.98) Revitalizing Downtowns Act (H.R. 4759/S. 2511)

Client expense: $30,980 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

H.R. 2483/S. 3237, Build More Housing Near Transit Act of 2021; H.R. 2126/S. 902, Housing Supply and Affordability Act; H.R. 3198/S. 1614, Yes in my Backyard Act; H.R. 6307, Tiny Homes for Homeless Veterans; Housing, Opportunity, Mobility, and Equity (HOME) Act; Build Back Better; S. 768, Better Planning and Land-Use for Accessible Neighborhoods Act; H.R. 1615, Maximizing Our Redevelopment and Efficiency for Transit Oriented Development (More TOD) Act of 2021; Task Force on the Impact of the Affordable Housing Credit Improvement Act; H.R. 2573/S. 1136, Affordable Housing Credit Improvement Act of 2021; H.R. 2143/S. 98, Neighborhood Homes Investment Act; H.R. 3680, Promoting Affordable Housing Near Transit Act; H.R. 816, Restoring Communities Left Behind Act; H.R. 1483, Revitalizing Economies, Housing, And Businesses (REHAB) Act of 2021; H.R. 1360, American Dream Down Payment Act of 2021; S. 1820, Choice in Affordable Housing Act of 2021; H.R. 1728, Strategy and Investment in Rural Housing Preservation Act of 2021; S. 2256, Charitable Conservation Easement Program Integrity Act of 2021; Housing tax credits; Community Development Block Grant program; Surface Transportation Black Grant program; Accessory Dwelling Units; Appointing Solomon Greene to the Office of Policy Development and Research at the Department of Housing and Urban Development.

Client expense: $140,000 · Firm income: Not reported

Historic Tax Credit Growth and Opportunity Act (HR 2294/S. 2266) Revitalizing Economies, Housing, And Businesses Act (HR 1483-REHAB Act) Charitable Conservation Easement Program Integrity Act (HR 4164/S. 2256) Neighborhood Homes Investment Act (H.R. 2143/S.98) Revitalizing Downtowns Act (H.R. 4759/S. 2511)

Client expense: $46,600 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

HR 2294/S.2266 - Historic Tax Credit Growth and Opportunity Act HR 1483 - Revitalizing Economies, Housing, And Businesses Act (REHAB Act) HR 4164/S.2256 - Charitable Conservation Easement Program Integrity Act

Client expense: $37,152 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

H.R. 1068 -Carried Interest Fairness Act of 2021 H.R. 1321 -NMTC Extension Act of 2021 H.R. 1381 -Mainstreet Tax Certainty Act H.R. 1483 -REHAB Act of 2021 H.R. 1977 -Enhancing Credit Opportunities in Rural America Act H.R. 2143 -Neighborhood Homes Investment Act H.R. 2188 -Reopening America by Supporting Workers and Businesses Act H.R. 2189 -State Tax Freedom Act H.R. 2286 -taxes property transferred by gift or death as sold at market value H.R. 2288 -Investing in Our Communities Act H.R. 2294 -Historic Tax Credit Growth and Opportunity Act H.R. 2439 -SALT Fairness for Working Families Act H.R. 2558 -ALIGN Act H.R. 2573 -Affordable Housing Credit Improvement Act H.R. 2768 -American Housing and Economic Mobility Act of 2021 H.R. 2863 -First Time Homebuyer Act H.R. 3123 -Parity for Non-Traded REITS Act H.R. 3178 -Estate Tax Rate Reduction Act H.R. 3265 -Middle Class Savings Act H.R. 3324 -Incentivize Residential Energy Efficiency Act H.R. 3357 -Rural Jobs Act H.R. 3725 -Relief and Equity Through Small Business Tax Act H.R. 3805 -Millionaires Surtax Act H.R. 3903 -Tax Fairness Act H.R. 4165 -Uplifting First-Time Homebuyers Act of 2021 H.R. 4177 -Expanding Opportunity Zones Act H.R. 4940 -Real Corporate Profits Tax Act of 2021 H.R. 5376 -Build Back Better Act S. 98 -Neighborhood Homes Investment Act S. 456 -New Markets Tax Credit Extension Act of 2021 S. 480-Mainstreet Tax Certainty Act S. 1027-Tax Assistance for Crumbling Foundations Act S. 1136-Affordable Housing Credit Improvement Act S. 1166-Align Act S. 1368-American Housing and Economic Mobility Act S. 1403-Move America Act S. 1479-Home Lead Safety Credit Improvement Act S. 1499-REPAIR Act S. 1519-Save Hotel Jobs Act S. 1598-Carried Interest Fairness Act of 2021 S. 1627-Estate Tax Reduction Act S. 1652-Paying Fair Share Act S. 1653-SMART Act S. 1671-Rural Jobs Act S. 1753-Home Energy Savings Act S. 1768-Hope for HOMES Act S. 1805-SHELTER Act S. 2028-Millionaires Surtax Act S. 2234-Affordable Homes Act S. 2266-Historic Tax Credit Growth and Opportunity Act S. 2680-Real Corporate Profits Tax Act of 2021 S. 2820-DASH Act

H.R. 1068 -Carried Interest Fairness Act of 2021 H.R. 1321 -NMTC Extension Act of 2021 H.R. 1381 -Mainstreet Tax Certainty Act H.R. 1483 -REHAB Act of 2021 H.R. 1977 -Enhancing Credit Opportunities in Rural America Act H.R. 2143 -Neighborhood Homes Investment Act H.R. 2188 -Reopening America by Supporting Workers and Businesses Act H.R. 2189 -State Tax Freedom Act H.R. 2286 -taxes property transferred by gift or death as sold at market value H.R. 2288 -Investing in Our Communities Act H.R. 2294 -Historic Tax Credit Growth and Opportunity Act H.R. 2439 -SALT Fairness for Working Families Act H.R. 2558 -ALIGN Act H.R. 2573 -Affordable Housing Credit Improvement Act H.R. 2768 -American Housing and Economic Mobility Act of 2021 H.R. 2863 -First Time Homebuyer Act H.R. 3123 -Parity for Non-Traded REITS Act H.R. 3178 -Estate Tax Rate Reduction Act H.R. 3265 -Middle Class Savings Act H.R. 3324 -Incentivize Residential Energy Efficiency Act H.R. 3357 -Rural Jobs Act H.R. 3725 -Relief and Equity Through Small Business Tax Act H.R. 3805 -Millionaires Surtax Act H.R. 3903 -Tax Fairness Act H.R. 4165 -Uplifting First-Time Homebuyers Act of 2021 H.R. 4177 -Expanding Opportunity Zones Act H.R. 4940 -Real Corporate Profits Tax Act of 2021 H.R. 5376 -Build Back Better Act S. 98 -Neighborhood Homes Investment Act S. 456 -New Markets Tax Credit Extension Act of 2021 S. 480-Mainstreet Tax Certainty Act S. 1027-Tax Assistance for Crumbling Foundations Act S. 1136-Affordable Housing Credit Improvement Act S. 1166-Align Act S. 1368-American Housing and Economic Mobility Act S. 1403-Move America Act S. 1479-Home Lead Safety Credit Improvement Act S. 1499-REPAIR Act S. 1519-Save Hotel Jobs Act S. 1598-Carried Interest Fairness Act of 2021 S. 1627-Estate Tax Reduction Act S. 1652-Paying Fair Share Act S. 1653-SMART Act S. 1671-Rural Jobs Act S. 1753-Home Energy Savings Act S. 1768-Hope for HOMES Act S. 1805-SHELTER Act S. 2028-Millionaires Surtax Act S. 2234-Affordable Homes Act S. 2266-Historic Tax Credit Growth and Opportunity Act S. 2680-Real Corporate Profits Tax Act of 2021 S. 2820-DASH Act

Historic Tax Credit Growth and Opportunity Act (HR 2294/S. 2266) HR 1483 - Revitalizing Economies, Housing, And Businesses Act (REHAB Act) Charitable Conservation Easement Program Integrity Act (HR 4164/S. 2256) Neighborhood Homes Investment Act (HR 2143/S.98) Revitalizing Downtowns Act (HR 4759/S. 2511) The New Markets Tax Credit (NMTC) Extension Act of 2021 (HR 1321/S. 456) Charitable Conservation Easement Program Integrity Act (HR 4164/S. 2256) BUILD BACK BETTER ACT (H.R. 5376), Subtitle E-Infrastructure Financing and Community Development

Client expense: $80,294 · Firm income: Not reported

Government targets: Advisory Council on Historic Preservation (ACHP), Army, Dept of (Corps of Engineers), Bureau of Land Management (BLM), Council on Environmental Quality (CEQ), Federal Aviation Administration (FAA), Federal Highway Administration (FHA), Federal Railroad Administration, General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Natl Park Service (NPS), Navy, Dept of, Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Coast Guard (USCG), White House Office

H.R. 2483, Build More Housing Near Transit Act of 2021; S. 902/H.R. 2126, Housing Supply and Affordability Act; Yes in My Backyard (YIMBY) Act; S. 768, Better Planning and Land-Use for Accessible Neighborhoods Act (Better PLAN Act); H.R. 1615, Maximizing Our Redevelopment and Efficiency for Transit Oriented Development (MORE TOD) Act; Task Force on the Impact of the Affordable Housing Crisis Act; H.R. 2573/S. 1136, Affordable Housing Credit Improvement Act; S. 98, Neighborhood Homes Investment Act; H.R. 816, Restoring Communities Left Behind Act; H.R. 1483, Revitalizing Economies, Housing, and Businesses (REHAB) Act; H.R. 1360, American Dream Down Payment Act of 2021; Mapping Housing Discrimination Act; Emergency Rental Assistance and Homeowner Assistance provisions within the American Rescue Plan Act of 2021; Issues related to the tax exempt private activity bond volume cap; H.R. 3684, Infrastructure Investment and Jobs Act; Build Back Better Act reconciliation bill S. Con. Res. 14; H.R. 3680, Promoting Affordable Housing Near Transit Act; S. 1605, National Defense Authorization Act for Fiscal Year 2022 - Sec. 6609, Property disposition for affordable housing.

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

H.R. 1068 -Carried Interest Fairness Act of 2021 H.R. 1321 -NMTC Extension Act of 2021 H.R. 1381 -Mainstreet Tax Certainty Act H.R. 1483 -REHAB Act of 2021 H.R. 1977 -Enhancing Credit Opportunities in Rural America Act H.R. 2143 -Neighborhood Homes Investment Act H.R. 2188 -Reopening America by Supporting Workers and Businesses Act H.R. 2189 -State Tax Freedom Act H.R. 2286 -taxes property transferred by gift or death as sold at market value H.R. 2288 -Investing in Our Communities Act H.R. 2294 -Historic Tax Credit Growth and Opportunity Act H.R. 2439 -SALT Fairness for Working Families Act H.R. 2558 -ALIGN Act H.R. 2573 -Affordable Housing Credit Improvement Act H.R. 2768 -American Housing and Economic Mobility Act of 2021 H.R. 2863 -First Time Homebuyer Act H.R. 3123 -Parity for Non-Traded REITS Act H.R. 3178 -Estate Tax Rate Reduction Act H.R. 3265 -Middle Class Savings Act H.R. 3324 -Incentivize Residential Energy Efficiency Act H.R. 3357 -Rural Jobs Act H.R. 3725 -Relief and Equity Through Small Business Tax Act H.R. 3805 -Millionaires Surtax Act H.R. 3903 -Tax Fairness Act H.R. 4165 -Uplifting First-Time Homebuyers Act of 2021 H.R. 4177 -Expanding Opportunity Zones Act H.R. 4940 -Real Corporate Profits Tax Act of 2021 H.R. 5376 -Build Back Better Act S. 98 -Neighborhood Homes Investment Act S. 456 -New Markets Tax Credit Extension Act of 2021 S. 480-Mainstreet Tax Certainty Act S. 1027-Tax Assistance for Crumbling Foundations Act S. 1136-Affordable Housing Credit Improvement Act S. 1166-Align Act S. 1368-American Housing and Economic Mobility Act S. 1403-Move America Act S. 1479-Home Lead Safety Credit Improvement Act S. 1499-REPAIR Act S. 1519-Save Hotel Jobs Act S. 1598-Carried Interest Fairness Act of 2021 S. 1627-Estate Tax Reduction Act S. 1652-Paying Fair Share Act S. 1653-SMART Act S. 1671-Rural Jobs Act S. 1753-Home Energy Savings Act S. 1768-Hope for HOMES Act S. 1805-SHELTER Act S. 2028-Millionaires Surtax Act S. 2234-Affordable Homes Act S. 2266-Historic Tax Credit Growth and Opportunity Act S. 2680-Real Corporate Profits Tax Act of 2021 S. 2820-DASH Act

Historic Tax Credit Growth and Opportunity Act (HR 2294/S. 2266) HR 1483 - Revitalizing Economies, Housing, And Businesses Act (REHAB Act) Charitable Conservation Easement Program Integrity Act (HR 4164/S. 2256) Neighborhood Homes Investment Act (HR 2143/S.98) Revitalizing Downtowns Act (HR 4759/S. 2511) The New Markets Tax Credit (NMTC) Extension Act of 2021 (HR 1321/S. 456) Charitable Conservation Easement Program Integrity Act (HR 4164/S. 2256) BUILD BACK BETTER ACT (H.R. 5376), Subtitle E-Infrastructure Financing and Community Development

Client expense: $75,294 · Firm income: Not reported

Government targets: Advisory Council on Historic Preservation (ACHP), Army, Dept of (Corps of Engineers), Bureau of Land Management (BLM), Council on Environmental Quality (CEQ), Federal Aviation Administration (FAA), Federal Highway Administration (FHA), Federal Railroad Administration, General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Natl Park Service (NPS), Navy, Dept of, Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Coast Guard (USCG), White House Office

H.R. 2483, Build More Housing Near Transit Act of 2021; S. 902/H.R. 2126, Housing Supply and Affordability Act; Yes in My Backyard (YIMBY) Act; S. 768, Better Planning and Land-Use for Accessible Neighborhoods Act (Better PLAN Act); H.R. 1615, Maximizing Our Redevelopment and Efficiency for Transit Oriented Development (MORE TOD) Act; Task Force on the Impact of the Affordable Housing Crisis Act; H.R. 2573/S. 1136, Affordable Housing Credit Improvement Act; S. 98, Neighborhood Homes Investment Act; H.R. 816, Restoring Communities Left Behind Act; H.R. 1483, Revitalizing Economies, Housing, and Businesses (REHAB) Act; H.R. 1360, American Dream Down Payment Act of 2021; Mapping Housing Discrimination Act; Emergency Rental Assistance and Homeowner Assistance provisions within the American Rescue Plan Act of 2021; Issues related to the tax exempt private activity bond volume cap; H.R. 3684, Infrastructure Investment and Jobs Act; Build Back Better Act reconciliation bill S. Con. Res. 14

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Historic Tax Credit Growth and Opportunity Act (HR 2294/S. 2266) HR 1483 - Revitalizing Economies, Housing, And Businesses Act (REHAB Act) Charitable Conservation Easement Program Integrity Act (HR 4164/S. 2256) Neighborhood Homes Investment Act (HR 2143/S.98) Revitalizing Downtowns Act (HR 4759/S. 2511) The New Markets Tax Credit (NMTC) Extension Act of 2021 (HR 1321/S. 456) Charitable Conservation Easement Program Integrity Act (HR 4164/S. 2256)

Client expense: $40,917 · Firm income: Not reported

Government targets: Advisory Council on Historic Preservation (ACHP), Army, Dept of (Corps of Engineers), Bureau of Land Management (BLM), Council on Environmental Quality (CEQ), Federal Aviation Administration (FAA), Federal Highway Administration (FHA), Federal Railroad Administration, General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Natl Park Service (NPS), Navy, Dept of, Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Coast Guard (USCG), White House Office

H.R. 1068 -Carried Interest Fairness Act of 2021 H.R. 1321 -NMTC Extension Act of 2021 H.R. 1381 -Mainstreet Tax Certainty Act H.R. 1483 -REHAB Act of 2021 H.R. 1977 -Enhancing Credit Opportunities in Rural America Act H.R. 2143 -Neighborhood Homes Investment Act H.R. 2188 -Reopening America by Supporting Workers and Businesses Act H.R. 2189 -State Tax Freedom Act H.R. 2286 -taxes property transferred by gift or death as sold at market value H.R. 2288 -Investing in Our Communities Act H.R. 2294 -Historic Tax Credit Growth and Opportunity Act H.R. 2439 -SALT Fairness for Working Families Act H.R. 2558 -ALIGN Act H.R. 2573 -Affordable Housing Credit Improvement Act H.R. 2768 -American Housing and Economic Mobility Act of 2021 H.R. 2863 -First Time Homebuyer Act H.R. 3123 -Parity for Non-Traded REITS Act H.R. 3178 -Estate Tax Rate Reduction Act H.R. 3265 -Middle Class Savings Act H.R. 3324 -Incentivize Residential Energy Efficiency Act H.R. 3357 -Rural Jobs Act H.R. 3725 -Relief and Equity Through Small Business Tax Act H.R. 3805 -Millionaires Surtax Act H.R. 3903 -Tax Fairness Act H.R. 4165 -Uplifting First-Time Homebuyers Act of 2021 H.R. 4177 -Expanding Opportunity Zones Act H.R. 4940 -Real Corporate Profits Tax Act of 2021 H.R. 5376 -Build Back Better Act S. 98 -Neighborhood Homes Investment Act S. 456 -New Markets Tax Credit Extension Act of 2021 S. 480-Mainstreet Tax Certainty Act S. 1027-Tax Assistance for Crumbling Foundations Act S. 1136-Affordable Housing Credit Improvement Act S. 1166-Align Act S. 1368-American Housing and Economic Mobility Act S. 1403-Move America Act S. 1479-Home Lead Safety Credit Improvement Act S. 1499-REPAIR Act S. 1519-Save Hotel Jobs Act S. 1598-Carried Interest Fairness Act of 2021 S. 1627-Estate Tax Reduction Act S. 1652-Paying Fair Share Act S. 1653-SMART Act S. 1671-Rural Jobs Act S. 1753-Home Energy Savings Act S. 1768-Hope for HOMES Act S. 1805-SHELTER Act S. 2028-Millionaires Surtax Act S. 2234-Affordable Homes Act S. 2266-Historic Tax Credit Growth and Opportunity Act S. 2680-Real Corporate Profits Tax Act of 2021 S. 2820-DASH Act

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.

HR 2294/S.2266 - Historic Tax Credit Growth and Opportunity Act HR 1483 - Revitalizing Economies, Housing, And Businesses Act (REHAB Act) HR 4164/S.2256 - Charitable Conservation Easement Program Integrity Act

Client expense: $37,152 · Firm income: Not reported

Government targets: Advisory Council on Historic Preservation (ACHP), Army, Dept of (Corps of Engineers), Bureau of Land Management (BLM), Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Federal Railroad Administration, General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Natl Park Service (NPS), Navy, Dept of, Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Coast Guard (USCG), Veterans Affairs, Dept of (VA), White House Office

H.R. 2483, Build More Housing Near Transit Act of 2021; S. 902/H.R. 2126, Housing Supply and Affordability Act; Yes in My Backyard (YIMBY) Act; S. 768, Better Planning and Land-Use for Accessible Neighborhoods Act (Better PLAN Act); H.R. 1615, Maximizing Our Redevelopment and Efficiency for Transit Oriented Development (MORE TOD) Act; Task Force on the Impact of the Affordable Housing Crisis Act; H.R. 2573/S. 1136, Affordable Housing Credit Improvement Act; S. 98, Neighborhood Homes Investment Act; H.R. 816, Restoring Communities Left Behind Act; H.R. 1483, Revitalizing Economies, Housing, and Businesses (REHAB) Act; H.R. 1360, American Dream Down Payment Act of 2021; Mapping Housing Discrimination Act; Emergency Rental Assistance and Homeowner Assistance provisions within the American Rescue Plan Act of 2021; Issues related to the tax exempt private activity bond volume cap

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

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.

HR 2294/S.2266 - Historic Tax Credit Growth and Opportunity Act HR 1483 - Revitalizing Economies, Housing, And Businesses Act (REHAB Act) HR 8842/S.170 - Charitable Conservation Easement Program Integrity Act

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

Government targets: Advisory Council on Historic Preservation (ACHP), Army, Dept of (Corps of Engineers), Bureau of Land Management (BLM), Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Federal Railroad Administration, General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Natl Park Service (NPS), Navy, Dept of, Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Coast Guard (USCG), Veterans Affairs, Dept of (VA), White House Office

HR 2294/S.2266 - Historic Tax Credit Growth and Opportunity Act HR 1483 - Revitalizing Economies, Housing, And Businesses Act (REHAB Act) HR 8842/S.170 - Charitable Conservation Easement Program Integrity Act

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

Government targets: Advisory Council on Historic Preservation (ACHP), Army, Dept of (Corps of Engineers), Bureau of Land Management (BLM), Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Federal Railroad Administration, General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Natl Park Service (NPS), Navy, Dept of, Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Coast Guard (USCG), Veterans Affairs, Dept of (VA), White House Office

H.R. 2483, Build More Housing Near Transit Act of 2021; S. 902/H.R. 2126, Housing Supply and Affordability Act; Yes in My Backyard (YIMBY) Act; S. 768, Better Planning and Land-Use for Accessible Neighborhoods Act (Better PLAN Act); H.R. 1615, Maximizing Our Redevelopment and Efficiency for Transit Oriented Development (MORE TOD) Act; Task Force on the Impact of the Affordable Housing Crisis Act; H.R. 2573/S. 1136, Affordable Housing Credit Improvement Act; S. 98, Neighborhood Homes Investment Act; H.R. 816, Restoring Communities Left Behind Act; H.R. 1483, Revitalizing Economies, Housing, and Businesses (REHAB) Act; H.R. 1360, American Dream Down Payment Act of 2021; Mapping Housing Discrimination Act; Emergency Rental Assistance and Homeowner Assistance provisions within the American Rescue Plan Act of 2021; Issues related to the tax exempt private activity bond volume cap

Client expense: $120,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE

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.

Housing crisis; H.R.1483 - To amend the Internal Revenue Code of 1986 to modify the rehabilitation credit (Revitalizing Economies, Housing, And Businesses (REHAB) Act)

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Housing crisis; H.R.1483 - To amend the Internal Revenue Code of 1986 to modify the rehabilitation credit (Revitalizing Economies, Housing, And Businesses (REHAB) Act)

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Historic Tax Credit Growth and Opportunity Act (DRAFT) HR 1483 - Revitalizing Economies, Housing, And Businesses Act (REHAB Act) Charitable Conservation Easement Program Integrity Act (DRAFT)

Client expense: $33,086 · Firm income: Not reported

Government targets: Advisory Council on Historic Preservation (ACHP), Army, Dept of (Corps of Engineers), Bureau of Land Management (BLM), Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Federal Railroad Administration, General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Natl Park Service (NPS), Navy, Dept of, Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, U.S. Coast Guard (USCG), Veterans Affairs, Dept of (VA), White House Office