Death Tax Repeal Act

Highway Trust Fund Solvency including federal user fees; Infrastructure Funding and Financing; Financial Accounting Standards Board issues; POC method of accounting; Energy Efficiency Tax Incentives, including Section 179D; Private Activity Bond Cap Increase for Qualified Highway and Freight Facilities; Private Activity Bond Cap Increase for Water and Sewage Facilities; Lookback Accounting; Estate Tax; Stepped-Up Basis and Realization of Capital Gains at Death; Pass-through Business Taxation; Section 199A Qualified Business Income Deduction; Cash Accounting; Net Operating Losses (NOLs); Excess Business Loss Limitation Rules (Section 461(l)); Municipal Bond Depreciation; Advanced Refunding of Municipal Bonds; Limitation on Net Interest Expense (Section 163(j)); Opportunity Zones; Foreign Investment in Real Property Tax Act; Work Opportunity Tax Credit (WOTC); New Markets Tax Credit (NMTC); Paid Leave Tax Credits; Employee Retention Tax Credit; Main Street Tax Certainty Act (H.R. 1381/S. 480); Death Tax Repeal Act (H.R. 1712/S. 617); Public Building Renewal Act (H.R. 1396); BUILD Act (H.R. 451); American Rescue Plan Act of 2021 (H.R. 1319); Sensible Taxation and Equity Promotion Act; S.1298 Clean Energy for America Act; H.R.5376 - Build Back Better Act; H.R.3684 (as amended)- Infrastructure Investment and Jobs Act; H.R.3684- INVEST in America Act; Tax incentives for the purchase of electric vehicles (30D), and commercial electric vehicles; Prevailing wage and apprenticeship requirements associated with tax incentives; Reporting of bank deposits to Internal Revenue Service; Mandatory funding for Internal Revenue Service; Employee Retention Tax Credit Reinstatement Act (H.R. 6161); S.3609 Gas Prices Relief Act of 2022; H.R. 6787 Gas Prices Relief Act of 2022; Net Investment Income Tax; H.R.5376, Inflation Reduction Act of 2022

Client expense: $261,261 · Firm income: Not reported

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

H.R.3 - Elijah E. Cummings Lower Drug Costs Now Act This bill establishes several programs and requirements relating to the prices of prescription drugs. NSBA is monitoring. H.R.7 - Paycheck Fairness Act A bill to amend the Fair Labor Standards Act of 1938 to provide more effective remedies to victims of discrimination in the payment of wages based on sex, and for other purposes. NSBA opposes. H.R.25 - Fair Tax Act of 2021 To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the states. NSBA supports H.R.603 - Raise the Wage Act of 2021 Bill would increase the federal minimum wage to $15 per hour over five years, allow for annual automatic increases without the consent of Congress, and eventually eliminate the tipped wage. NSBA opposes. H.R.842 - Protecting the Right to Organize Act of 2021 This bill expands various labor protections related to employees' rights to organize and collectively bargain in the workplace. NSBA opposes. H.R.971 - Small Business Succession Planning Act Bill directs the Small Business Administration (SBA) to create an online business succession planning toolkit that will assist small businesses through the process of creating business succession plans with the aid of SBA and its resource partners. NSBA supports. H.R.1319 - American Rescue Plan Act of 2021 This bill provides additional relief to address the continued impact of COVID-19 (i.e., coronavirus disease 2019) on the economy, public health, state and local governments, individuals, and businesses. NSBA supports. H.R.1381 - Main Street Tax Certainty Act This bill makes permanent the tax deduction for qualified business income. (Under current law, the deduction expires after December 31, 2025. NSBA supports. H.R. 1482 - 504 Credit Risk Management Improvement Act of 2021 The measure would increase and streamline oversight of the Small Business Administrations (SBA) 504 Loan Program, allowing small businesses to grow, modernize, and recover. NSBA supports. H.R. 1487 - Microloan Transparency and Accountability Act of 2021 The bill requires the SBA to perform an annual portfolio risk analysis of the Microloan Program, to ensure taxpayer money is safeguarded. NSBA supports. H.R.1490 - 504 Modernization and Small Manufacturer Enhancement Act of 2021 This bill modifies the SBA 504 Loan Program, which provides a small business with SBA financing--through a certified development company (CDC) intermediary-for expansion or modernization. NSBA supports. H.R.1502 - Microloan Improvement Act of 2021 The bill revises the microloan program through which the U.S. Small Business Administration (SBA) provides financial assistance to small businesses through designated intermediaries. NSBA supports. H.R.1507 - Providing Accountability through Transparency Act of 2021 Bill would require that each government agency provide a 100-word plain language summary of each proposed rule. NSBA supports. H.R.1508 - Guidance Clarity Act of 2021 Bill would require every federal agency to include text in guidance documents stating that guidance is not legally binding, making it easier for small businesses to understand which regulations apply to them. NSBA supports. H.R.1712 - Death Tax Repeal Act This bill repeals the estate and generation-skipping transfer taxes. It also makes conforming amendments related to the gift tax. NSBA supports. H.R.1799 - PPP Extension Act of 2021 This bill extends the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), through June 30, 2021. NSBA supports. H.R. 1944 - Healthy Workplaces Act This bill allows tax credits for employer expenses for protecting employees from COVID-19 (i.e., coronavirus disease 2019). NSBA supports. H.R.1996 - SAFE Banking Act of 2021 This bill generally prohibits a federal banking regulator from penalizing a depository institution for providing banking services to a legitimate cannabis-related business. NSBA is monitoring. H.R. 3462 - SBA Cyber Awareness Act The bill expands cybersecurity operations at the Small Business Administration (SBA) by requiring them to issue a report assessing the agencys ability to combat cyber threats within six months of passage. The legislation requires the SBA to notify Congress of future breaches with information on those affected and how the breach occurred. NSBA supports. H.R. 3469 - Veteran Entrepreneurship Training Act of 2021 This bill authorizes the Boots to Business (B2B) program for five years to help transitioning service members start and grow their businesses. NSBA supports. H.R.3684 - Infrastructure Investment and Jobs Act This bill addresses provisions related to federal-aid highway, transit, highway safety, motor carrier, research, hazardous materials, and rail programs of the Department of Transportation (DOT). NSBA supports. H.R. 3807 -- Restaurant Revitalization Fund Replenishment Act of 2021 Congress provided $28.6 billion for the Restaurant Revitalization Fund (RRF), which provided relied to more than 100,000 restaurants and other food and beverage businesses. NSBA supports. H.R. 4037 - Trade Preferences and American Manufacturing Competitiveness Act To amend the Trade Act of 1974 to extend and modify the eligibility requirements for the Generalized System of Preferences, to amend the Harmonized Tariff Schedule of the United States to modify temporarily certain rates of duty, and for other purposes. NSBA is monitoring. H.R. 4256 - Investing in Main Street Act of 2021 It amends the Small Businesses Investment Act of 1958 to increase the percentage of capital and surplus that a bank or federal savings association may invest in Small Business Investment Companies (SBICs) to match current banking regulations. NSBA supports. H.R.4350 - National Defense Authorization Act for Fiscal Year 2022 This bill authorizes FY2022 appropriations for military activities and programs of the Department of Defense (e.g., personnel; research, development, test, and evaluation; and procurement of items such as aircraft, missiles, and ammunition). NSBA is monitoring. H.R. 4481 - Small Business 7(a) Loan Agent Transparency Act It provides oversight of 7(a) loan agents, including by requiring the Small Business Administration (SBA) to establish a registration system for such agents. NSBA supports. H.R.4513 - Small Business Advanced Cybersecurity Enhancements Act of 2021 The act aims to create proactive partnerships between small businesses and the government to help protect small businesses from criminal cyber-attacks. NSBA supports. H.R. 4521 -- the America COMPETES Act The bill is aimed at increasing U.S. competitiveness and boosting manufacturing, particularly in the semiconductor industry. NSBA supports. H.R. 4531 - 7(a) Loan Agent Oversight Act It requires the Small Business Administration (SBA) to submit an annual report containing specified information related to 7(a) loan agents. These agents provide fee-based referral and loan application services related to the SBA's 7(a) Program. NSBA supports. H.R.4515 - Small Business Development Center Cyber Training Act of 2021 The bill aims to establish a cyber counseling certification program at SBDCs to become better trained to assist small businesses with their cybersecurity and cyber strategy needs. NSBA supports. H.R.5065 - Prison to Proprietorship for Formerly Incarcerated Act This bill directs the Small Business Administration, in coordination with the Bureau of Prisons, to require the Service Corps of Retired Executives to provide entrepreneurship counseling and training services to formerly incarcerated individuals. NSBA supports. H.R.5078 - Prison to Proprietorship Act This bill directs the Small Business Administration, in coordination with the Bureau of Prisons, to require women's business centers and small-business development centers to provide entrepreneurship counseling and training services to individuals incarcerated in a minimum-, low-, or medium-security prison. NSBA supports. H.R.5376 - Build Back Better Act This bill provides funding, establishes programs, and otherwise modifies provisions relating to a broad array of areas, including education, labor, childcare, health care, taxes, immigration, and the environment. NSBA is monitoring. S.53 - Raise the Wage Act of 2021 Bill would increase the federal minimum wage to $15 per hour over five years, allow for annual automatic increases without the consent of Congress, and eventually eliminate the tipped wage. NSBA opposes. S.205 - Paycheck Fairness Act A bill to amend the Fair Labor Standards Act of 1938 to provide more effective remedies to victims of discrimination in the payment of wages based on sex, and for other purposes. NSBA opposes. S.420 - Protecting the Right to Organize Act of 2021 This bill expands various labor protections related to employees' rights to organize and collectively bargain in the workplace. NSBA opposes. S.480 - Main Street Tax Certainty Act This bill makes permanent the tax deduction for qualified business income. Under current law, the deduction expires after December 31, 2025. NSBA supports. S.522 - Providing Accountability through Transparency Act of 2021 Bill would require that each government agency provide a 100-word plain language summary of each proposed rule. NSBA supports. S.533 - Guidance Clarity Act of 2021 Bill would require every federal agency to include text in guidance documents stating that guidance is not legally binding, making it easier for small businesses to understand which regulations apply to them. NSBA supports. S.537 - Healthy Workplaces Ac This bill allows tax credits for employer expenses for protecting employees from COVID-19 (i.e., coronavirus disease 2019). NSBA supports. S. 617-the Death Tax Repeal Act of 2021 This bill repeals the estate and generation-skipping transfer taxes. It also makes conforming amendments related to the gift tax. NSBA supports. S.749 - American Innovation and Jobs Act This bill revises and expands the deductibility of research and experimental expenditures to allow immediate expensing of such expenditures. NSBA supports. S.936 - INFORM Consumers Act A bill to require online marketplaces to collect, verify, and disclose certain information regarding high-volume third-party sellers of consumer products to inform consumers. NSBA is monitoring. S.1605 - National Defense Authorization Act for Fiscal Year 2022 This bill authorizes Department of Defense (DOD) activities and programs for FY2022 and addresses various other issues. NSBA supports certain provisions. S.1687 - Small Business Cyber Training Act of 2021 This bill requires the Small Business Administration to establish a program for certifying at least 5 or 10% of the total number of employees of a small business development center to provide cybersecurity planning assistance to small businesses. NSBA supports. S. 1703 - Improving Access to Retirement Savings Act A bill to amend the Internal Revenue Code of 1986 to increase retirement savings, to improve retirement plan administration, and for other purposes. NSBA is monitoring. S. 1770 - Retirement Security and Savings Act of 2021 Bills amends the Internal Revenue Code of 1986 to reform retirement provisions, and for other purposes. NSBA is monitoring.

Client expense: $10,000 · Firm income: Not reported

Government targets: Bureau of Citizenship & Immigration Services (BCIS), Centers For Medicare and Medicaid Services (CMS), Commerce, Dept of (DOC), Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Export-Import Bank of the United States (EXIM Bank), Federal Reserve System, Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Intl Trade Administration (ITA), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Office of Personnel Management (OPM), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

- American Innovation and R&D Competitiveness Act (H.R. 1304) Support bill which eliminates the 5-year amortization requirement for research and experimental expenditures scheduled to begin in 2022, thus allowing continued expensing. - American Innovation and Jobs Act (S. 749) - Support bill which revises and expands the deductibility of research and experimental expenditures to allow immediate expensing of such expenditures. It also allows the amortization over a period of at least 60 months of certain other types of research and experimental expenditures not treated as expenses. It also increases the maximum amount eligible for the tax credit for new and small businesses. - Death Tax Repeal Act (H.R. 1712/S.617)-support legislation to permanently repeal the estate tax. - Main Street Tax Certainty Act of 2021 (H.R. 1381/S. 480) - make the 20 percent pass-through small business tax deduction permanent. This deduction is set to expire after December 31, 2025. - Accelerate Long-Term Investment Growth Now (ALIGN) Act (HR2558/S.1166) - Make full expensing provisions permanent, which allows businesses to immediately deduct the cost of new capital equipment purchases in the year they are purchased.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R.3 - Elijah E. Cummings Lower Drug Costs Now Act This bill establishes several programs and requirements relating to the prices of prescription drugs. NSBA is monitoring. H.R.7 - Paycheck Fairness Act A bill to amend the Fair Labor Standards Act of 1938 to provide more effective remedies to victims of discrimination in the payment of wages based on sex, and for other purposes. NSBA opposes. H.R.25 - Fair Tax Act of 2021 To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the states. NSBA supports H.R.603 - Raise the Wage Act of 2021 Bill would increase the federal minimum wage to $15 per hour over five years, allow for annual automatic increases without the consent of Congress, and eventually eliminate the tipped wage. NSBA opposes. H.R.842 - Protecting the Right to Organize Act of 2021 This bill expands various labor protections related to employees' rights to organize and collectively bargain in the workplace. NSBA opposes. H.R.971 - Small Business Succession Planning Act Bill directs the Small Business Administration (SBA) to create an online business succession planning toolkit that will assist small businesses through the process of creating business succession plans with the aid of SBA and its resource partners. NSBA supports. H.R.1319 - American Rescue Plan Act of 2021 This bill provides additional relief to address the continued impact of COVID-19 (i.e., coronavirus disease 2019) on the economy, public health, state and local governments, individuals, and businesses. NSBA supports. H.R.1381 - Main Street Tax Certainty Act This bill makes permanent the tax deduction for qualified business income. (Under current law, the deduction expires after December 31, 2025. NSBA supports. H.R. 1482 - 504 Credit Risk Management Improvement Act of 2021 The measure would increase and streamline oversight of the Small Business Administrations (SBA) 504 Loan Program, allowing small businesses to grow, modernize, and recover. NSBA supports. H.R. 1487 - Microloan Transparency and Accountability Act of 2021 The bill requires the SBA to perform an annual portfolio risk analysis of the Microloan Program, to ensure taxpayer money is safeguarded. NSBA supports. H.R.1490 - 504 Modernization and Small Manufacturer Enhancement Act of 2021 This bill modifies the SBA 504 Loan Program, which provides a small business with SBA financing--through a certified development company (CDC) intermediary-for expansion or modernization. NSBA supports. H.R.1502 - Microloan Improvement Act of 2021 The bill revises the microloan program through which the U.S. Small Business Administration (SBA) provides financial assistance to small businesses through designated intermediaries. NSBA supports. H.R.1507 - Providing Accountability through Transparency Act of 2021 Bill would require that each government agency provide a 100-word plain language summary of each proposed rule. NSBA supports. H.R.1508 - Guidance Clarity Act of 2021 Bill would require every federal agency to include text in guidance documents stating that guidance is not legally binding, making it easier for small businesses to understand which regulations apply to them. NSBA supports. H.R.1712 - Death Tax Repeal Act This bill repeals the estate and generation-skipping transfer taxes. It also makes conforming amendments related to the gift tax. NSBA supports. H.R.1799 - PPP Extension Act of 2021 This bill extends the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), through June 30, 2021. NSBA supports. H.R. 1944 - Healthy Workplaces Act This bill allows tax credits for employer expenses for protecting employees from COVID-19 (i.e., coronavirus disease 2019). NSBA supports. H.R.1996 - SAFE Banking Act of 2021 This bill generally prohibits a federal banking regulator from penalizing a depository institution for providing banking services to a legitimate cannabis-related business. NSBA is monitoring. H.R. 3462 - SBA Cyber Awareness Act The bill expands cybersecurity operations at the Small Business Administration (SBA) by requiring them to issue a report assessing the agencys ability to combat cyber threats within six months of passage. The legislation requires the SBA to notify Congress of future breaches with information on those affected and how the breach occurred. NSBA supports. H.R. 3469 - Veteran Entrepreneurship Training Act of 2021 This bill authorizes the Boots to Business (B2B) program for five years to help transitioning service members start and grow their businesses. NSBA supports. H.R.3684 - Infrastructure Investment and Jobs Act This bill addresses provisions related to federal-aid highway, transit, highway safety, motor carrier, research, hazardous materials, and rail programs of the Department of Transportation (DOT). NSBA supports. H.R. 3807 -- Restaurant Revitalization Fund Replenishment Act of 2021 Congress provided $28.6 billion for the Restaurant Revitalization Fund (RRF), which provided relied to more than 100,000 restaurants and other food and beverage businesses. NSBA supports. H.R. 4037 - Trade Preferences and American Manufacturing Competitiveness Act To amend the Trade Act of 1974 to extend and modify the eligibility requirements for the Generalized System of Preferences, to amend the Harmonized Tariff Schedule of the United States to modify temporarily certain rates of duty, and for other purposes. NSBA is monitoring. H.R. 4256 - Investing in Main Street Act of 2021 It amends the Small Businesses Investment Act of 1958 to increase the percentage of capital and surplus that a bank or federal savings association may invest in Small Business Investment Companies (SBICs) to match current banking regulations. NSBA supports. H.R.4350 - National Defense Authorization Act for Fiscal Year 2022 This bill authorizes FY2022 appropriations for military activities and programs of the Department of Defense (e.g., personnel; research, development, test, and evaluation; and procurement of items such as aircraft, missiles, and ammunition). NSBA is monitoring. H.R. 4481 - Small Business 7(a) Loan Agent Transparency Act It provides oversight of 7(a) loan agents, including by requiring the Small Business Administration (SBA) to establish a registration system for such agents. NSBA supports. H.R.4513 - Small Business Advanced Cybersecurity Enhancements Act of 2021 The act aims to create proactive partnerships between small businesses and the government to help protect small businesses from criminal cyber-attacks. NSBA supports. H.R. 4521 -- the America COMPETES Act The bill is aimed at increasing U.S. competitiveness and boosting manufacturing, particularly in the semiconductor industry. NSBA supports. H.R. 4531 - 7(a) Loan Agent Oversight Act It requires the Small Business Administration (SBA) to submit an annual report containing specified information related to 7(a) loan agents. These agents provide fee-based referral and loan application services related to the SBA's 7(a) Program. NSBA supports. H.R.4515 - Small Business Development Center Cyber Training Act of 2021 The bill aims to establish a cyber counseling certification program at SBDCs to become better trained to assist small businesses with their cybersecurity and cyber strategy needs. NSBA supports. H.R.5065 - Prison to Proprietorship for Formerly Incarcerated Act This bill directs the Small Business Administration, in coordination with the Bureau of Prisons, to require the Service Corps of Retired Executives to provide entrepreneurship counseling and training services to formerly incarcerated individuals. NSBA supports. H.R.5078 - Prison to Proprietorship Act This bill directs the Small Business Administration, in coordination with the Bureau of Prisons, to require women's business centers and small-business development centers to provide entrepreneurship counseling and training services to individuals incarcerated in a minimum-, low-, or medium-security prison. NSBA supports. H.R.5376 - Build Back Better Act This bill provides funding, establishes programs, and otherwise modifies provisions relating to a broad array of areas, including education, labor, childcare, health care, taxes, immigration, and the environment. NSBA is monitoring. S.53 - Raise the Wage Act of 2021 Bill would increase the federal minimum wage to $15 per hour over five years, allow for annual automatic increases without the consent of Congress, and eventually eliminate the tipped wage. NSBA opposes. S.205 - Paycheck Fairness Act A bill to amend the Fair Labor Standards Act of 1938 to provide more effective remedies to victims of discrimination in the payment of wages based on sex, and for other purposes. NSBA opposes. S.420 - Protecting the Right to Organize Act of 2021 This bill expands various labor protections related to employees' rights to organize and collectively bargain in the workplace. NSBA opposes. S.480 - Main Street Tax Certainty Act This bill makes permanent the tax deduction for qualified business income. Under current law, the deduction expires after December 31, 2025. NSBA supports. S.522 - Providing Accountability through Transparency Act of 2021 Bill would require that each government agency provide a 100-word plain language summary of each proposed rule. NSBA supports. S.533 - Guidance Clarity Act of 2021 Bill would require every federal agency to include text in guidance documents stating that guidance is not legally binding, making it easier for small businesses to understand which regulations apply to them. NSBA supports. S.537 - Healthy Workplaces Ac This bill allows tax credits for employer expenses for protecting employees from COVID-19 (i.e., coronavirus disease 2019). NSBA supports. S. 617-the Death Tax Repeal Act of 2021 This bill repeals the estate and generation-skipping transfer taxes. It also makes conforming amendments related to the gift tax. NSBA supports. S.749 - American Innovation and Jobs Act This bill revises and expands the deductibility of research and experimental expenditures to allow immediate expensing of such expenditures. NSBA supports. S.936 - INFORM Consumers Act A bill to require online marketplaces to collect, verify, and disclose certain information regarding high-volume third-party sellers of consumer products to inform consumers. NSBA is monitoring. S.1605 - National Defense Authorization Act for Fiscal Year 2022 This bill authorizes Department of Defense (DOD) activities and programs for FY2022 and addresses various other issues. NSBA supports certain provisions. S.1687 - Small Business Cyber Training Act of 2021 This bill requires the Small Business Administration to establish a program for certifying at least 5 or 10% of the total number of employees of a small business development center to provide cybersecurity planning assistance to small businesses. NSBA supports. S. 1703 - Improving Access to Retirement Savings Act A bill to amend the Internal Revenue Code of 1986 to increase retirement savings, to improve retirement plan administration, and for other purposes. NSBA is monitoring. S. 1770 - Retirement Security and Savings Act of 2021 Bills amends the Internal Revenue Code of 1986 to reform retirement provisions, and for other purposes. NSBA is monitoring.

Client expense: $10,000 · Firm income: Not reported

Government targets: Bureau of Citizenship & Immigration Services (BCIS), Centers For Medicare and Medicaid Services (CMS), Commerce, Dept of (DOC), Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Export-Import Bank of the United States (EXIM Bank), Federal Reserve System, Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Intl Trade Administration (ITA), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Office of Personnel Management (OPM), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

Build Back Better Act (H.R.5376) -- tax provisions (also LBR issue) Clean Energy for America Act (S.1298) -- tax provisions (also LBR & ENG issue) Death Tax Repeal Act of 2021 (H.R.1712/S.617) Inflation Reduction Act of 2022 (H.R.5376) -- labor & workforce issues (also LBR issue) Issues Related to Comprehensive Infrastructure (also SMB, BUD & TRA issue) Issues Related to S-Corp and Pass-through Entities Main Street Tax Certainty Act of 2021 -- tax provisions (H.R.1381/S.480)

Client expense: $20,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Small Business Administration (SBA)

Repeal of the estate tax - S. 617, the Death Tax Repeal Act of 2021; Repeal of the estate tax - H.R. 1712, the Death Tax Repeal Act. Tax incentives as they relate to the auto industry and specifically the purchase of electric vehicles/clean vehicles: S. 1298 - The Clean Energy for America Act; S. 2118 - Clean Energy for America Act; H.R. 5376 - Build Back Better Act; H.R. 5376 - Inflation Reduction Act. Supply chain issues as it relates to LIFO recapture: Supply Chain Disruptions Relief Act - H.R. 7382; Supply Chain Disruptions Relief Act - S. 4105.

Client expense: $260,000 · Firm income: Not reported

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

Issues related to S-corps and pass through entities; Issues related to the ability to use stepped-up basis; Issues related to the estate tax and capital gains at death (S. 617/H.R. 1712- Death Tax Repeal Act of 2021.)

Client expense: Not reported · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

LIFO, 199-A Permanency for pass through businesses-H.R.1381, S.480; Estate Tax Permanence-H.R.1712, S.617; Meals Deduction, Omnibus Spending Bill

Client expense: $340,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

CIRT, along with a business liability coalition, urged inclusion in Bidens $1.9 Trillion COVID relief package: targeted and temporary liability protections. CIRT, with the Family Business Estate Tax Coalition (FBETC) supported introduction of The Death Tax Repeal Act of 2021 (S. 617 and H.R. 1712). CIRT opposes increases to corporate tax rates (from 21% to 28% as proposed) as well as individual tax rates that will hurt the economy, especially in the aftermath of the COVID pandemic impacts. CIRT as part of MAIN ST Employers Coalition opposes using the reconciliation bill to increase taxes on businesses (especially family-owned). CIRT opposes any proposal in the Build Back Better Act that would require financial institutions to report to the IRS on transactions in business and personal accounts. CIRT also strongly opposes any Treasury Department proposals that would require financial institutions to report to the IRS on transactions in business and personal accounts. CIRT supports the case of National Small Business Association v Yellen, challenging the constitutionality of the Corporate Transparency Act (CTA). CIRT strongly supports the Family and Small Business Taxpayer Protection Act (H.R. 9092) to rescind the inflation Reduction Act's funding for the Internal Revenue Service to hire tens of thousands of new agents. CIRT joined comments to U.S. Treasury in response to Notice 2022-51 regarding guidance on prevailing wage, apprenticeship and domestic content requirements of the tax credit provisions in the Inflation Reduction Act.

Client expense: $57,000 · Firm income: Not reported

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

Extension and Expansion of Credits for Paid Sick and Family Leave and Employee Retention HR1319 - The American Rescue Plan Act of 2021 State and Local Tax Deduction HR202 - SALT Fairness Act HR613 - SALT Deductibility Act HR946 - SALT Act HR2439 - SALT Fairness for Working Families Act HR3925 - SHELTER Act HR5565 - Banana Stand Money Act S85 - SALT Deductibility Act S804 - SALT Deduction Fairness Act Communications with the House of Representatives re: the SALT cap. Section 199A Deduction HR1381 - Main Street Certainty Act HR5376 - Inflation Reduction Act of 2022S480 - Main Street Tax Certainty Act S2387, the Small Business Tax Fairness Act Communications with the House Ways & Means Committee and the Senate Finance Committee opposing the repeal of the Section 199A Qualified Business Interest Deduction. Opportunity Zones HR970 - The Opportunity Zone Extension Act HR4177 - The Expanding Opportunity Zones Act Communications with the U.S. Senate in support of extending the Qualified Opportunity Zone program deadlines. Section 1031 Like-Kind Exchanges HR1742 - The Real Estate Exchange Fairness Act HR5376 - Inflation Reduction Act of 2022 Conversations with the U.S. House of Representatives and the U.S. Senate in support of retaining Section 1031 Like-Kind Exchanges. Neighborhood Homes Investment Act S98 - The Neighborhood Homes Investment Act HR2143 - The Neighborhood Homes Investment Act Conversations with the U.S. House of Representatives and the U.S. Senate supporting bolstering the NHIA. First time homebuyer tax credits HR2863 - First-Time Homebuyer Act of 2021 Conversations with the U.S. House of Representatives and the U.S. Senate in support of a first-time homebuyer tax credit. Low Income Housing Tax Credit HR4204, the Affordable House Act Conversations with the U.S. House of Representatives and the U.S. Senate in support of bolstering the Low Income Housing Tax Credit. Increasing Housing Supply HR2617 - Consolidated Appropriations Act, 2023 Conversations with the U.S. House of Representatives and the U.S. Senate in support of tax incentives to create more housing supply and more housing options for first-time homebuyers. Communications with the House and Senate regarding legislative proposals to convert underused/abandoned commercial properties into residential real estate Estate Tax Reform HR1712 - Death Tax Repeal Act HR5376 - Inflation Reduction Act of 2022 S617 - Death Tax Repeal Act Affordable Housing HR2573 - Affordable Housing Credit Improvement Act of 2021 HR2617 - Consolidated Appropriations Act, 2023 HR2768 - American Housing and Economic Mobility Act HR5376 - Inflation Reduction Act of 2022 S1136 - Affordable Housing Credit Improvement Act of 2021 S1368 - American Housing and Economic Mobility Act Commercial Real Estate Conversion Tax Credits HR4759 - The Revitalizing Downtowns Act S2511 - The Revitalizing Downtowns Act Discussions with the House and Senate regarding policy proposals to encourage converting underutilized commercial real estate into residential housing units. Carried Interest HR1068 - The Carried Interest Fairness Act HR5376 - Inflation Reduction Act of 2022 S1598 - Carried Interest Fairness Act of 2021 Capital Gains HR9015 - More Homes on the Market Act Discussions regarding proposed legislation, the Sensible Taxation and Equity Promotion (STEP) Act. Communications with the House and Senate opposing increases to the capital gains tax rate and taxing of unrealized capital gains Energy Efficiency Tax Incentives HR2346 - E-QUIP Act HR5376 - Inflation Reduction Act of 2022 Tax Credit for Disaster Mitigation/Expenses S1805 - Shelter Act REITs HR3123 - Parity for Non-Traded REITs Act Partnership Tax Rules Communications with the Senate Finance Committee about proposed legislation to change the partnership tax rules Tax Reform HR2275 - The Mortgage Debt Tax Forgiveness Act HR2276 - the Mortgage Insurance Tax Deduction Act HR2286 - A bill to treat property transferred by gift or at death as sold for fair market value HR5376 - Inflation Reduction Act of 2022 S126 - A bill to amend the Internal Revenue Code of 1986 to make permanent the individual tax provisions of the tax reform law, and for other purposes. Communications with the House and Senate opposing changes to the "step-up in basis" provision and in support of increasing the section 121 IRC exclusion. Infrastructure Proposals HR5376 - Inflation Reduction Act of 2022 Communications with the House and Senate regarding the pay-fors in the American Rescue Plan and the American Jobs Plan The Historic Tax Credit HR2266 - The Historic Tax Credit Growth and Opportunity Act HR2294 - The Historic Tax Credit Growth and Opportunity Act COVID-19 Recovery Communications with the U.S. House of Representatives and the U.S. Senate regarding the Coronavirus Recovery Fund Housing Tax Credit Statute Adjustment. Depreciation of Real Property HR7229 - Renewing Investment in American Workers and Supply Chains Act Tax incentives for housing Discussions with the House and Senate regarding policy proposals to give tax incentives for the production of residential units. Net Investment Income Tax Communications with Congressional leadership opposing the 3.8% net investment income tax. Middle Income Housing Tax Credit Discussions with the House and Senate regarding creating a "middle income housing tax credit." Mortgage Insurance Tax Deduction Conversations with the Senate Finance Committee and the House Ways and Means Committee regarding mortgage insurance tax deduction policies.

Client expense: $25,260,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Build Back Better Act (H.R. 5376) Death Tax Repeal Act (H.R. 1712/S. 617) Main Street Tax Certainty Act (H.R. 1381/S. 480) Preserving Family Farms Act (H.R. 2370/S. 3077) American Families Plan American Jobs Plan Stepped-up basis Like-kind exchanges Estate tax issues Capital Gains rates General small business tax issues

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1304, American Innovation and R&D Competitiveness Act of 2021 H.R. 1381/S. 480, Main Street Tax Certainty Act of 2021 H.R. 1712/S. 617, Death Tax Repeal Act H.R. 2617, Consolidated Appropriations Act, 2023 H.R. 3425, Saving Gig Economy Taxpayers Act H.R. 5376, Inflation Reduction Act of 2022 H.R. 8853, Protecting American Savers and Retirees Act H.R. 8913, TCJA Permanency Act H.R. 9030/S. 5015, Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act S. 749, American Innovation and Jobs Act S. 948, A bill to protect American small businesses, gig workers, and freelancers by repealing the burdensome American Rescue Plan Act of 2021 transactions reporting threshold S. 1274, Remote and Mobile Worker Relief Act of 2021 S. 1298, Clean Energy for America Act S. 2621, Modernization of Derivatives Tax Act of 2021 Notice and Request for Comments, Internal Revenue Service; Proposed Extension of Information Collection Request Submitted for Public Comment, Concerning Source of Income from Certain Space and Ocean Activities, Source of Communications Income (87 Fed. Reg. 65,287, October 28, 2022) Guidance Related to the Foreign Tax Credit; Clarification of Foreign-Derived Intangible Income, T.D. 9959, 87 Fed. Reg. 276 (Jan. 4, 2022) (as corrected by 87 Fed. Reg. 45,018, 45,021, July 27, 2022) Various issues relating to The Tax Cuts and Jobs Act (P.L. 115-97), including implementation of, and follow up such as making individual rates and pass-through rates permanent; Internal Revenue Code Section 965/tax overpayments, and changes made to section 965 by the Tax Cuts and Jobs Act; foreign tax carryforwards transition; pension reform; conversion of future 401(k) or Individual Retirement Account (IRA) contributions to Roth accounts; 199A tax deduction; Internal Revenue Service controlled foreign corporation (CFC) look-thru rule; pending bilateral tax treaties before the U.S. Senate; potential for additional bilateral tax treaties; potential repeal of the State and Local Tax (SALT) cap; corporate tax filing deadline; digital services taxes; OECD Pillar Two rules, including global anti-base erosion proposal (GloBE); general business tax credits; taxation of mobile and remote workers during the coronavirus pandemic; tax free paycheck protection program loan forgiveness; Paycheck Protection Program (PPP) tax deductibility; work opportunity tax credit; implementation of the American Rescue Plan Act (P.L. 117-2) including Section 9674 relating to 1099-K form reporting; IRS priority guidance plan; continuation of the stepped-up basis; potential corporate tax rate increase; continuation of the percentage depletion tax deduction; Minding the Tax Gap; Improving Tax Administration for the 21st Century; Canadian proposal to enact a retroactive Digital Services Tax (DST); Global Intangible Low-Taxed Income (GILTI); proposals to institute a tax on financial statement incomes of corporations, known as a Book Tax; proposed Internal Revenue Code Section 163(n) limit on deductions for business interest expense; Tax Reporting Proposal by the Department of the Treasury related to a $600 or more annual account threshold; U.S. Chile Tax Treaty, Convention for the Avoidance of Double Taxation and the Prevention Of Fiscal Evasion With Respect to Taxes on Income and Capital; legislation to address section 163(j) EBITDA standard for business interest deductions; section 174 (R & D amortization) and extension of 100 percent accelerated depreciation known as full expensing or bonus depreciation; Extraterritorial Application of Sec. 49 German Income Tax Act; potential modifications to the gasoline tax, including waiving or temporary suspension; implementation of 26 U.S. Code 174 - Amortization of research and experimental expenditures; implementation of the Inflation Reduction Act, (P.L. 117-169), including implementation of the Excise tax on repurchase of corporate stock, and corporate alternative minimum tax; IRS guidance related to the Foreign Tax Credit and the Arms Length Requirement; proposal to repeal section 852(b)(6) of the Internal Revenue Code; proposal to institute an excise tax on stock buybacks

Client expense: $20,990,000 · Firm income: Not reported

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

H.R. 1346/S. 477-The Hospitality and Commerce Job Recovery Act of 2021: issues related to tax relief for the food and beverage industry and unmerchantable inventory due to COVID-19. Issues related to LIFO accounting. S. 617/H.R. 1712- Death Tax Repeal Act of 2021. Issues related to permanent estate tax relief. S. 480/H.R. 1381-The Main Street Tax Certainty Act. Issues related to the permanence of the 20% deduction for S. Corporations. Section 179 business expensing; bonus depreciation allowances. S. 85/H.R.613 - SALT Deductibility Act; issues related to the ability of pass through businesses to fully deduct state and local taxes. Issues related to the ability to use stepped-up basis. H.R. 9231. The Service Worker Economic Stabilization Act.

Client expense: $220,000 · Firm income: Not reported

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

H.R. 1712-S.617 To Amend the Internal Revenue Code of 1986 to repeal the estate tax H.R. 2370, Preserving Family Farms Act of 2021 H.R.1381/.480 Main Street Tax Certainty Act Sec. 1031 Like Kind Exchange S. 1249, PPP Flexibility for Farmers, Ranchers, and the Self-Employed Act H.R. 2370, Special Use Valuation S. 1166/H.R. 2558, Accelerate Long-term Investment Growth Now Act H.R. 4522, The Water and Agriculture Tax Reform H.R.5376 - Build Back Better Act

Client expense: $133,402 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Highway Trust Fund Solvency including federal user fees; Infrastructure Funding and Financing; Financial Accounting Standards Board issues; POC method of accounting; Energy Efficiency Tax Incentives, including Section 179D; Private Activity Bond Cap Increase for Qualified Highway and Freight Facilities; Private Activity Bond Cap Increase for Water and Sewage Facilities; Lookback Accounting; Estate Tax; Stepped-Up Basis and Realization of Capital Gains at Death; Pass-through Business Taxation; Section 199A Qualified Business Income Deduction; Cash Accounting; Net Operating Losses (NOLs); Excess Business Loss Limitation Rules (Section 461(l)); Municipal Bond Depreciation; Advanced Refunding of Municipal Bonds; Limitation on Net Interest Expense (Section 163(j)); Opportunity Zones; Foreign Investment in Real Property Tax Act; Work Opportunity Tax Credit (WOTC); New Markets Tax Credit (NMTC); Paid Leave Tax Credits; Employee Retention Tax Credit; Main Street Tax Certainty Act (H.R. 1381/S. 480); Death Tax Repeal Act (H.R. 1712/S. 617); Public Building Renewal Act (H.R. 1396); BUILD Act (H.R. 451); American Rescue Plan Act of 2021 (H.R. 1319); Sensible Taxation and Equity Promotion Act; S.1298 Clean Energy for America Act; H.R.5376 - Build Back Better Act; H.R.3684 (as amended)- Infrastructure Investment and Jobs Act; H.R.3684- INVEST in America Act; Tax incentives for the purchase of electric vehicles (30D), and commercial electric vehicles; Prevailing wage and apprenticeship requirements associated with tax incentives; Reporting of bank deposits to Internal Revenue Service; Mandatory funding for Internal Revenue Service; Employee Retention Tax Credit Reinstatement Act (H.R. 6161); S.3609 Gas Prices Relief Act of 2022; H.R. 6787 Gas Prices Relief Act of 2022; Net Investment Income Tax; H.R.5376, Inflation Reduction Act of 2022

Client expense: $261,261 · Firm income: Not reported

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

S.617, H.R. 1712, support Estate Tax permanent repeal legislation 99.5 Percent Act (S.994, H.R. 2576) and Sensible Taxation and Equality Promotion Act (STEP Act) (Discussion Draft). Oppose "step up basis" changes Monitor tax provisions under consideration in proposed legislation.

Client expense: $20,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to the Death Tax Repeal Act of 2021 (H.R.1712/S.617); Issues related to the nations shortage of affordable housing and the Affordable Housing Credit Improvement Act of 2021 (H.R.2573/S.1136)

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1712/S.617 - Death Tax Repeal Act - repeal of the estate tax Sec. 199A permanence Section 179D updates H.R.3684 - Infrastructure Investment and Jobs Act - energy efficiency incentives H.R.5376 - Build Back Better Act/Inflation Reduction Act - opposing tax increases, examining tax credits

Client expense: Not reported · Firm income: $10,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1712/S.617 - Death Tax Repeal Act - repeal of the estate tax Sec. 199A permanence Section 179D updates H.R.3684 - Infrastructure Investment and Jobs Act - energy efficiency incentives H.R.5376 - Build Back Better Act/Inflation Reduction Act - opposing tax increases, examining tax credits for HVAC equipment

Client expense: Not reported · Firm income: $10,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1712 - Death Tax Repeal Act - Repeal of the estate tax S. 617 - Death Tax Repeal Act - Repeal of the estate tax

Client expense: Not reported · Firm income: $10,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Death Tax Repeat Act of 2021 (H.R. 1712 / S. 617) American Innovation and R&D Competitiveness Act of 2021 (H.R. 1304) American Innovation and Jobs Act (S. 749) Continuation of Estate Tax stepped-up basis (no bill) Rewarding Efforts to Decrease Unrecycled Contaminants in Ecosystems (REDUCE) Act of 2021 (S.2645/H.R. 5389) Build Back Better Act (H.R. 5376)

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Business interest deduction. Employee Retention Tax Credit. Foreign Tax Credits. Foreign-Derived Intangible Income (FDII). Full Expensing. GILTI. Interest Deductibility (163(j) EBITDA Limitation). Interest Deductibility (163(n) Leverage Test). Interest Deductibility (163(o) Carryforward Limits) . H.R.1304 - American Innovation and R&D Competitiveness Act. H.R.1712 - Death Tax Repeal Act. R&D Amortization. R&D Tax Credit. S.617 - Death Tax Repeal Act of 2021. S.749 - American Innovation and Jobs Act. S.2387 - Small Business Tax Fairness Act. Sec.473 LIFO relief. Workforce development tax incentives. S.1260 - United States Innovation and Competition Act of 2021. H.R.4521 - America COMPETES Act of 2022 Implementation of Section 45W credit for qualified commercial clean vehicles added to the Internal Revenue Code added by section 13403 of the Inflation Reduction Act (IRA). H.R.5376 Inflation Reduction Act (IRA) Section 13403/ IRS Notice 2022-46/ IRS Notice 2022-56.

Client expense: $720,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Advocated for passage of the Accelerate Long-Term Investment Growth Now (Align) Act (S. 1166/HR 2558) to make permanent 100 percent bonus depreciation for new and used equipment purchases. Supported H.R. 1381 and S. 480, the Main Street Certainty Act of 2021, to make permanent the section 199-A 20-percent deduction for qualified business income. Supported H.R. 1712/S. 617, the Death Tax Repeal Act, to permanently repeal the estate tax. Supported S.1077 - Permanently Preserving Americas Investment in Manufacturing Act to prevent the business interest deduction cap from changing from 30 percent of EBITDA.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Last-in, First-out(LIFO) Inventory Accounting Method; General Federal tax policy; S.617 + HR.1712, Death Tax Repeal Act; S.480 + HR.1381, Main Street Tax Certainty Act of 2021; HR.5317, Commonsense Reporting Act; HR.6161, Employee Retention Tax Credit Reinstatement Act; HR.4768 (Taxing Big Oil Profiteers Act) specific provisions ending the use of LIFO method of accounting by large oil and gas trades or businesses; Section 199(A) Small Business Deduction;

Client expense: $156,166 · Firm income: Not reported

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

Estate tax - Supported efforts to reform and repeal estate taxes (H.R. 1712, S. 617). NMPF has also supported legislation that will create and improve tax credits for investment in technology that turns organic matter into biogas energy and removes nutrient particles from manure, including the Agriculture Environmental Stewardship Act (H.R. 3939, S. 2461) which was incorporated into the Clean Energy for America Act (S. 2118) and the Inflation Reduction Act (H.R. 5376). Supported efforts to ensure that farmers can continue to use cash accounting. Supported efforts to ensure that cooperatives could count non-patronage income in the calculation of the 199A deduction as implemented by the Treasury Department. Supported efforts to prevent the elimination of stepped-up basis and delay until sale taxation for capital gains on inherited assets.

Client expense: $306,540 · Firm income: Not reported

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

S. 617 / H.R. 1712, the Death Tax Repeal Act of 2021; H.R. 1381 / S. 480, the Main Street Tax Certainty Act; Draft tax provisions of FY2022 budget reconciliation legislation, including repeal of stepped up basis, S Corps/pass-throughs tax increase proposal, and 199A pass-through Deduction proposal; Treasury Department proposal to require financial institutions reporting deposits and withdrawals of all business and personal accounts to the IRS; H.R. 9092, the the Family and Small Business Taxpayer Protection Act

Client expense: $320,000 · Firm income: Not reported

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

H.R. 1381, the Main Street Tax Certainty Act - support bill S. 480, the Main Street Tax Certainty Act - support bill Preserving 199A deduction H.R. 1712, the Death Tax Repeal Act - support bill S. 617, the Death Tax Repeal Act of 2021 - support bill Issues related to the estate tax

Client expense: Not reported · Firm income: $22,500

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S. 617/H.R. 1712 (Death Tax Repeal Act) Tax provisions, namely capital gains confiscatory scheme, in Biden "American Families Plan S.Con.Res. 14 (FY 2022 Budget Resolution) tax provisions for capital gains tax rate increase, taxing trusts, step up in basis repeal, taxing unrealized assets upon death (double death tax), 95 percent tax on those pharmaceuticals sold at fair market value H.R. 5376, Inflation Reduction Act, and subsequent versions of FY 2022 Budget Reconciliation tax provisions for capital gains tax rate increase, taxing trusts, step up in basis repeal, taxing unrealized assets upon death (double death tax), taxing unrealized capital gains, accelerated expiration of current estate and gift tax exemption levels, tax treatment changes of grantor retained annuity trusts (GRATS), valuation rules changes that ignore discounts from partial ownership or lack of control of an asset, 95 percent excise tax on those gross sales pharmaceuticals sold at fair market value H.R. 5649 (BEAT CHINA Act) Tax proposals, such as unrealized capital gains confiscatory wealth tax scheme, in Biden FY23 budget proposal, and the so-called Billionaire Minimum Income Tax (which kicks in at $100 million and well below that for certain family businesses and farms) H.R. 2617 (legislative vehicle for the Consolidated Appropriations Act FY 2023 with Senate amendment #6552) potential tax-related provisions

Client expense: Not reported · Firm income: $10,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1712/S.617 - Death Tax Repeal Act - repeal of the estate tax Sec. 199A permanence Section 179D updates H.R.3684 - Infrastructure Investment and Jobs Act - energy efficiency incentives H.R.5376 - Build Back Better Act/Inflation Reduction Act - opposing tax increases, examining tax credits

Client expense: Not reported · Firm income: $6,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1712/S.617 - Death Tax Repeal Act - repeal of the estate tax Sec. 199A permanence Section 179D updates H.R.3684 - Infrastructure Investment and Jobs Act - energy efficiency incentives H.R.5376 - Build Back Better Act/Inflation Reduction Act - opposing tax increases, examining tax credits for HVAC equipment

Client expense: Not reported · Firm income: $13,500

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1712 - Death Tax Repeal Act - Repeal of the estate tax S. 617 - Death Tax Repeal Act - Repeal of the estate tax

Client expense: Not reported · Firm income: $6,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Build Back Better Act (H.R.5376) -- tax provisions (also LBR issue) Clean Energy for America Act (S.1298) -- tax provisions (also LBR & ENG issue) Death Tax Repeal Act of 2021 (H.R.1712/S.617) Inflation Reduction Act of 2022 (H.R.5376) -- labor & workforce issues (also LBR issue) Issues Related to Comprehensive Infrastructure (also SMB, BUD & TRA issue) Issues Related to S-Corp and Pass-through Entities Main Street Tax Certainty Act of 2021 -- tax provisions (H.R.1381/S.480)

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

Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Small Business Administration (SBA)

- Oppose expanding the 3.8% Net Investment Income Tax (NIIT) to individuals and families - Build Back Better Package / Reconciliation Package (H.R. 5376) - oppose proposed tax increases - maintain current small business deduction and stepped-up basis,and oppose grantor trust changes. - Death Tax Repeal Act (H.R. 1712/S.617) - support legislation to permanently repeal the estate tax. - Main Street Tax Certainty Act of 2021 (H.R. 1381/S. 480) - made permanent the Section 199A, the small business deductions - Accelerate Long-Term Investment Growth Now (ALIGN) Act (S.1166) - Make full expensing provisions permanent, which allows businesses to immediately deduct the cost of new capital equipment purchases in the year they are purchased. - American Innovation and R&D Competitiveness Act (H.R. 1304) Support bill which eliminates the 5-year amortization requirement for research and experimental expenditures scheduled to begin in 2022, thus allowing continued expensing. - American Innovation and Jobs Act (S. 749) - Support bill which revises and expands the deductibility of research and experimental expenditures to allow immediate expensing of such expenditures. It also allows the amortization over a period of at least 60 months of certain other types of research and experimental expenditures not treated as expenses. It also increases the maximum amount eligible for the tax credit for new and small businesses

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

- Oppose expanding the 3.8% Net Investment Income Tax (NIIT) to individuals and families - Build Back Better Package / Reconciliation Package (H.R. 5376) - oppose proposed tax increases - maintain current small business deduction and stepped-up basis,and oppose grantor trust changes. - Death Tax Repeal Act (H.R. 1712/S.617) - support legislation to permanently repeal the estate tax. - Main Street Tax Certainty Act of 2021 (H.R. 1381/S. 480) - made permanent the Section 199A, the small business deductions - Accelerate Long-Term Investment Growth Now (ALIGN) Act (S.1166) - Make full expensing provisions permanent, which allows businesses to immediately deduct the cost of new capital equipment purchases in the year they are purchased. - American Innovation and R&D Competitiveness Act (H.R. 1304) Support bill which eliminates the 5-year amortization requirement for research and experimental expenditures scheduled to begin in 2022, thus allowing continued expensing. - American Innovation and Jobs Act (S. 749) - Support bill which revises and expands the deductibility of research and experimental expenditures to allow immediate expensing of such expenditures. It also allows the amortization over a period of at least 60 months of certain other types of research and experimental expenditures not treated as expenses. It also increases the maximum amount eligible for the tax credit for new and small businesses

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to S-corps and pass through entities; Issues related to the ability to use stepped-up basis; Issues related to the estate tax and capital gains at death (S. 617/H.R. 1712- Death Tax Repeal Act of 2021.)

Client expense: Not reported · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

CIRT, along with a business liability coalition, urged inclusion in Bidens $1.9 Trillion COVID relief package: targeted and temporary liability protections. CIRT, with the Family Business Estate Tax Coalition (FBETC) supported introduction of The Death Tax Repeal Act of 2021 (S. 617 and H.R. 1712). CIRT opposes increases to corporate tax rates (from 21% to 28% as proposed) as well as individual tax rates that will hurt the economy, especially in the aftermath of the COVID pandemic impacts. CIRT as part of MAIN ST Employers Coalition opposes using the reconciliation bill to increase taxes on businesses (especially family-owned). CIRT opposes any proposal in the Build Back Better Act that would require financial institutions to report to the IRS on transactions in business and personal accounts. CIRT also strongly opposes any Treasury Department proposals that would require financial institutions to report to the IRS on transactions in business and personal accounts.

Client expense: $44,700 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1381, the Main Street Tax Certainty Act - support bill S. 480, the Main Street Tax Certainty Act - support bill Preserving 199A deduction H.R. 1712, the Death Tax Repeal Act - support bill S. 617, the Death Tax Repeal Act of 2021 - support bill Issues related to the estate tax

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Build Back Better Act (H.R. 5376) Death Tax Repeal Act (H.R. 1712/S. 617) Main Street Tax Certainty Act (H.R. 1381/S. 480) Preserving Family Farms Act (H.R. 2370/S. 3077) American Families Plan American Jobs Plan Stepped-up basis Like-kind exchanges Estate tax issues Capital Gains rates General small business tax issues

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Extension and Expansion of Credits for Paid Sick and Family Leave and Employee Retention HR1319 - The American Rescue Plan Act of 2021 State and Local Tax Deduction HR202 - SALT Fairness Act HR613 - SALT Deductibility Act HR946 - SALT Act HR2439 - SALT Fairness for Working Families Act HR3925 - SHELTER Act HR5565 - Banana Stand Money Act S85 - SALT Deductibility Act S804 - SALT Deduction Fairness Act Communications with the House of Representatives re: the SALT cap. Section 199A Deduction HR1381 - Main Street Certainty Act HR5376 - Inflation Reduction Act of 2022S480 - Main Street Tax Certainty Act S2387, the Small Business Tax Fairness Act Communications with the House Ways & Means Committee and the Senate Finance Committee opposing the repeal of the Section 199A Qualified Business Interest Deduction. Opportunity Zones HR970 - The Opportunity Zone Extension Act HR4177 - The Expanding Opportunity Zones Act Communications with the U.S. Senate in support of extending the Qualified Opportunity Zone program deadlines. Section 1031 Like-Kind Exchanges HR1742 - The Real Estate Exchange Fairness Act HR5376 - Inflation Reduction Act of 2022 Conversations with the U.S. House of Representatives and the U.S. Senate in support of retaining Section 1031 Like-Kind Exchanges. Neighborhood Homes Investment Act S98 - The Neighborhood Homes Investment Act HR2143 - The Neighborhood Homes Investment Act Conversations with the U.S. House of Representatives and the U.S. Senate supporting bolstering the NHIA. First time homebuyer tax credits HR2863 - First-Time Homebuyer Act of 2021 Conversations with the U.S. House of Representatives and the U.S. Senate in support of a first-time homebuyer tax credit. Low Income Housing Tax Credit HR4204, the Affordable House Act Conversations with the U.S. House of Representatives and the U.S. Senate in support of bolstering the Low Income Housing Tax Credit. Increasing Housing Supply Conversations with the U.S. House of Representatives and the U.S. Senate in support of tax incentives to create more housing supply and more housing options for first-time homebuyers. Communications with the House and Senate regarding legislative proposals to convert underused/abandoned commercial properties into residential real estate Estate Tax Reform HR1712 - Death Tax Repeal Act HR5376 - Inflation Reduction Act of 2022 S617 - Death Tax Repeal Act Affordable Housing HR2573 - Affordable Housing Credit Improvement Act of 2021 HR2768 - American Housing and Economic Mobility Act HR5376 - Inflation Reduction Act of 2022 S1136 - Affordable Housing Credit Improvement Act of 2021 S1368 - American Housing and Economic Mobility Act Commercial Real Estate Conversion Tax Credits HR4759 - The Revitalizing Downtowns Act S2511 - The Revitalizing Downtowns Act Discussions with the House and Senate regarding policy proposals to encourage converting underutilized commercial real estate into residential housing units. Carried Interest HR1068 - The Carried Interest Fairness Act HR5376 - Inflation Reduction Act of 2022 S1598 - Carried Interest Fairness Act of 2021 Capital Gains HR9015 - More Homes on the Market Act Discussions regarding proposed legislation, the Sensible Taxation and Equity Promotion (STEP) Act. Communications with the House and Senate opposing increases to the capital gains tax rate and taxing of unrealized capital gains Energy Efficiency Tax Incentives HR2346 - E-QUIP Act HR5376 - Inflation Reduction Act of 2022 Tax Credit for Disaster Mitigation/Expenses S1805 - Shelter Act REITs HR3123 - Parity for Non-Traded REITs Act Partnership Tax Rules Communications with the Senate Finance Committee about proposed legislation to change the partnership tax rules Tax Reform HR2275 - The Mortgage Debt Tax Forgiveness Act HR2276 - the Mortgage Insurance Tax Deduction Act HR2286 - A bill to treat property transferred by gift or at death as sold for fair market value HR5376 - Inflation Reduction Act of 2022 S126 - A bill to amend the Internal Revenue Code of 1986 to make permanent the individual tax provisions of the tax reform law, and for other purposes. Communications with the House and Senate opposing changes to the "step-up in basis" provision and in support of increasing the section 121 IRC exclusion. Infrastructure Proposals HR5376 - Inflation Reduction Act of 2022 Communications with the House and Senate regarding the pay-fors in the American Rescue Plan and the American Jobs Plan The Historic Tax Credit HR2266 - The Historic Tax Credit Growth and Opportunity Act HR2294 - The Historic Tax Credit Growth and Opportunity Act COVID-19 Recovery Communications with the U.S. House of Representatives and the U.S. Senate regarding the Coronavirus Recovery Fund Housing Tax Credit Statute Adjustment. Depreciation of Real Property HR7229 - Renewing Investment in American Workers and Supply Chains Act Tax incentives for housing Discussions with the House and Senate regarding policy proposals to give tax incentives for the production of residential units. Net Investment Income Tax Communications with Congressional leadership opposing the 3.8% net investment income tax. Middle Income Housing Tax Credit Discussions with the House and Senate regarding creating a "middle income housing tax credit."

Client expense: $29,260,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1712-S.617 To Amend the Internal Revenue Code of 1986 to repeal the estate tax H.R. 2370, Preserving Family Farms Act of 2021 H.R.1381/.480 Main Street Tax Certainty Act Sec. 1031 Like Kind Exchange S. 1249, PPP Flexibility for Farmers, Ranchers, and the Self-Employed Act H.R. 2370, Special Use Valuation S. 1166/H.R. 2558, Accelerate Long-term Investment Growth Now Act H.R. 4522, The Water and Agriculture Tax Reform H.R.5376 - Build Back Better Act

Client expense: $49,352 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

House Bills H.R. 842, the Protecting the Right to Organize (PRO) Act of 2021 - oppose. H.R. 1712, the Death Tax Repeal Act - support. H.R. 1381, the Main Street Tax Certainty Act - support. H.R. 3185, the Save Local Business Act - support. Sec. 804 of H.R. 4350, the National Defense Authorization Act for Fiscal Year 2023, Minimum Wage for Employees of Department of Defense Contractors - oppose. H.R. 3725, the Relief and Equity for Small Businesses through Tax (REST) Act - support. H.R. 4558, the Tax Fairness for the Self-Employed Act - support. H.R. 5318, the Commonsense Reporting Act - support. H.R. 5376, the Build Back Better Act - oppose. H.R. 5723, the Social Security 2100: A Sacred Trust - oppose. H.R. 6161, the Employee Retention Tax Credit Reinstatement Act. - support. H.R. 1284, the Fair and Open Competition Act - support. H.R. 5743, the Ensuring Workers Get PAID Act of 2021 - support. H.R. 3425, the Saving Gig Economy Taxpayers Act- support. H.R. 6913, the Stop the Nosy Obsession with Online Payments Act (SNOOP Act) of 2022 - support. H.R. 6852, the Porch Pirates Act of 2022 - support. H.R. 8152, the American Data Privacy and Protection Act - oppose. H.R. 7701, the Wage Theft Prevention and Recovery Act - oppose. H.R. 4395, the Payment Choice Act of 2021 - oppose. H.R. 6833, the Affordable Insulin Now Act - express concern. H.R. 7505, the American Innovation and Choice Online Act of 2022 - support. H.R. 8874, the Credit Card Competition Act of 2022 - support. H.R. 2193, the Asuncion Valdivia Heat Illness and Fatality Prevention Act of 2022 - oppose. Schakowsky amendment #3 to H.R. 7900, the National Defense Authorization Act for Fiscal Year 2023 - oppose. Senate Bills S. 53, the Raise the Wage Act of 2021 - oppose. S. 617, the Death Tax Repeal Act of 2021 - support. S. 480, the Main Street Tax Certainty Act - support. S. 420, the Protecting the Right to Organize (PRO) Act of 2021 - oppose. S. 1636, the Save Local Business Act - support. S. 2239, the Unnecessary Agency Regulations Reduction Act of 2021 - support. S. 403, the Fair and Open Competition Act - support. S. 3074, the Ensuring Workers Get PAID Act of 2021 - support. S. 3889, the Employee Rights Act - support S. 3625, the Employee Retention Tax Credit Reinstatement Act - support S. 3546, the Stop the Nosy Obsession with Online Payments Act (SNOOP Act) of 2022 - support. The Improving Needed Safeguards for Users of Lifesaving Insulin Now (INSULIN Act) - express concern. S. 2992, the American Innovation and Choice Online Act - support. S. 4293, the Pharmacy Benefit Manager Transparency Act of 2022 - support. ENABLERS Act amendment to National Defense Authorization Act - oppose. S. 4674, the Credit Card Competition Act of 2022 - support H.R. 8152, the American Data Privacy and Protection Act - oppose H.R. 5376, the Inflation Reduction Act of 2022. - oppose. Crapo amendment to the Inflation Reduction Act of 2022 to protect small businesses from increased audits - support. Other Issues Transparency in operations of Pharmacy Benefit Managers (PBMs) - support. Revision of the Navigable Waters Protection Rule (NWPR) - oppose. Expansion of Net Investment Income Tax and Extension of Loss Limitation Rules - oppose. Increased competition and transparency for hospital and provider monopolies in healthcare - support. FDA User Fee Reauthorization - Braun Amendment - Small Business user fee waiver - support.

Client expense: $1,010,000 · Firm income: Not reported

Government targets: Environmental Protection Agency (EPA), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), SENATE, Small Business Administration (SBA)

H.R. 1304, American Innovation and R&D Competitiveness Act of 2021 H.R. 1381/S. 480, Main Street Tax Certainty Act of 2021 H.R. 1712/S. 617, Death Tax Repeal Act H.R. 3425, Saving Gig Economy Taxpayers Act H.R. 5376, Build Back Better Act H.R. 8853, Protecting American Savers and Retirees Act S. 749, American Innovation and Jobs Act S. 948, A bill to protect American small businesses, gig workers, and freelancers by repealing the burdensome American Rescue Plan Act of 2021 transactions reporting threshold S. 1274, Remote and Mobile Worker Relief Act of 2021 S. 1298, Clean Energy for America Act S. 2621, Modernization of Derivatives Tax Act of 2021 S. 2758, Stock Buyback Accountability Act of 2021 Draft legislation titled Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act Draft legislation titled Protecting American Savers and Retirees Act Various issues relating to tax extenders, including bonus depreciation, deferral tax provisions, S-Corp tax provisions, and flow-throughs; Tax Cuts and Jobs Act (P.L. 115-97), including implementation of, and follow up such as making individual rates and pass-through rates permanent; Internal Revenue Code Section 965/tax overpayments, and changes made to section 965 by the Tax Cuts and Jobs Act; foreign tax carryforwards transition; pension reform; conversion of future 401(k) or Individual Retirement Account (IRA) contributions to Roth accounts; 199A tax deduction; Internal Revenue Service controlled foreign corporation (CFC) look-thru rule; pending bilateral tax treaties before the U.S. Senate; potential for additional bilateral tax treaties; potential repeal of the State and Local Tax (SALT) cap; corporate tax filing deadline; digital services taxes; OECD Pillar Two rules, including global anti-base erosion proposal (GloBE); general business tax credits; taxation of mobile and remote workers during the coronavirus pandemic; tax free paycheck protection program loan forgiveness; Paycheck Protection Program (PPP) tax deductibility; work opportunity tax credit; implementation of the American Rescue Plan Act (P.L. 117-2) including Section 9674 relating to 1099-K form reporting; IRS priority guidance plan; continuation of the stepped-up basis; potential corporate tax rate increase; continuation of the percentage depletion tax deduction; Minding the Tax Gap; Improving Tax Administration for the 21st Century; Canadian proposal to enact a retroactive Digital Services Tax (DST); Global Intangible Low-Taxed Income (GILTI); proposals to institute a tax on financial statement incomes of corporations, known as a Book Tax; proposed Internal Revenue Code Section 163(n) limit on deductions for business interest expense; Tax Reporting Proposal by the Department of the Treasury related to a $600 or more annual account threshold; U.S. Chile Tax Treaty, Convention for the Avoidance of Double Taxation and the Prevention Of Fiscal Evasion With Respect to Taxes on Income and Capital; section 163(j) EBITDA standard for business interest deductions; Extraterritorial Application of Sec. 49 German Income Tax Act; potential modifications to the gasoline tax, including waiving or temporary suspension; implementation of 26 U.S. Code 174 - Amortization of research and experimental expenditures; implementation of the Inflation Reduction Act, (P.L. 117-169); proposal to repeal section 852(b)(6) of the Internal Revenue Code; proposal to increase the capital gains rate, including the treatment of carried interest; proposal to institute an excise tax on stock buybacks

Client expense: $23,940,000 · Firm income: Not reported

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

Highway Trust Fund Solvency including federal user fees; Infrastructure Funding and Financing; Financial Accounting Standards Board issues; POC method of accounting; Energy Efficiency Tax Incentives, including Section 179D; Private Activity Bond Cap Increase for Qualified Highway and Freight Facilities; Private Activity Bond Cap Increase for Water and Sewage Facilities; Lookback Accounting; Estate Tax; Stepped-Up Basis and Realization of Capital Gains at Death; Pass-through Business Taxation; Section 199A Qualified Business Income Deduction; Cash Accounting; Net Operating Losses (NOLs); Excess Business Loss Limitation Rules (Section 461(l)); Municipal Bond Depreciation; Advanced Refunding of Municipal Bonds; Limitation on Net Interest Expense (Section 163(j)); Opportunity Zones; Foreign Investment in Real Property Tax Act; Work Opportunity Tax Credit (WOTC); New Markets Tax Credit (NMTC); Paid Leave Tax Credits; Employee Retention Tax Credit; Main Street Tax Certainty Act (H.R. 1381/S. 480); Death Tax Repeal Act (H.R. 1712/S. 617); Public Building Renewal Act (H.R. 1396); BUILD Act (H.R. 451); American Rescue Plan Act of 2021 (H.R. 1319); Sensible Taxation and Equity Promotion Act; S.1298 Clean Energy for America Act; H.R.5376 - Build Back Better Act; H.R.3684 (as amended)- Infrastructure Investment and Jobs Act; H.R.3684- INVEST in America Act; Tax incentives for the purchase of electric vehicles (30D), and commercial electric vehicles; Prevailing wage and apprenticeship requirements associated with tax incentives; Reporting of bank deposits to Internal Revenue Service; Mandatory funding for Internal Revenue Service; Employee Retention Tax Credit Reinstatement Act (H.R. 6161); S.3609 Gas Prices Relief Act of 2022; H.R. 6787 Gas Prices Relief Act of 2022; Net Investment Income Tax; H.R.5376, Inflation Reduction Act of 2022

Client expense: $277,725 · Firm income: Not reported

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

Repeal of the estate tax - S. 617, the Death Tax Repeal Act of 2021; Repeal of the estate tax - H.R. 1712, the Death Tax Repeal Act. Tax incentives as they relate to the auto industry and specifically the purchase of electric vehicles/clean vehicles: S. 1298 - The Clean Energy for America Act; S. 2118 - Clean Energy for America Act; H.R. 5376 - Build Back Better Act; H.R. 5376 - Inflation Reduction Act. Supply chain issues as it relates to LIFO recapture: Supply Chain Disruptions Relief Act - H.R. 7382; Supply Chain Disruptions Relief Act - S. 4105.

Client expense: $320,000 · Firm income: Not reported

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