Retail Revitalization Act of 2023

Real Estate/REIT Issues Infrastructure and Renewable Energy Issues H.R. 3749, "Retail Revitalization Act" H.R. 1, Big Beautiful Bill Act

Client expense: Not reported · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Foreign Investment Real Property Act (FIRPTA) Real Estate/REIT Issues Infrastructure and Renewable Energy Issues H.R. 3749, "Retail Revitalization Act"

Client expense: Not reported · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1 One Big Beautiful Bill Act" Energy efficiency and clean energy tax incentives, including the E-QUIP Act and Inflation Reduction Act, and regulatory implementation Like-Kind Exchanges (Sec. 1031) Completed contract method of accounting and condominium construction (Section 460(e) Fair Accounting for Condominium Construction Act (HR 4280) FIRPTA reform and Parity for Non-Traded REITS Act Net investment income tax and SECA liability Cost recovery, residential rental property and nonresidential property Low-income housing tax credit and the Affordable Housing Credit Improvement Act (S 1557 and HR 3238) Proposed and final tax regulations under section 897 and 892 (FIRPTA domestically controlled REIT rules) REIT rules, including investments in related parties Retail Revitalization Act of 2023 (HR 3749) Cancellation of Indebtedness income (section 108) (HR 5580, Saving Our Mainstreet American Locations for Leisure and Shopping Act) Capital gains tax rate State and local tax deduction 20% deduction for pass-through business income (section 199A) and tax rules on pass-through income, including Senator Wyden pass-through reform discussion draft Taxing appreciated capital gains at death Opportunity Zone reform, reporting, and deadline extensions (HR 5761, Opportunity Zones Transparency, Extension and Improvement Act) Revitalizing Downtowns Act and tax incentives for property conversions (HR 9002) Taxing unrealized gains annually - Administration's minimum tax proposal and Chairman Wyden proposal TCJA Permanency Act and issues related to extension of TCJA Business interest deductibility and section 163(j) Active loss limitation and section 461(l) S. 2518, Ending Tax Breaks for Massive Sovereign Wealth Funds Act S. 2224, Stop Predatory Investing Act Treasury guidance: partnership basis-shifting transactions SECA limited partner exception under section 1402(a)(13) Tax and revenue provisions in the budget resolution Deductibility of state and local business taxes, including property taxes (Business SALT)

Foreign Investment Real Property Act (FIRPTA) Real Estate/REIT Issues Infrastructure and Renewable Energy Issues H.R. 3749, "Retail Revitalization Act"

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Real Estate/REIT Issues Infrastructure and Renewable Energy Issues H.R. 3749, "Retail Revitalization Act" H.R. 1, Big Beautiful Bill Act

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1 One Big Beautiful Bill Act" Energy efficiency and clean energy tax incentives, including the E-QUIP Act and Inflation Reduction Act, and regulatory implementation Like-Kind Exchanges (Sec. 1031) Completed contract method of accounting and condominium construction (Section 460(e) Fair Accounting for Condominium Construction Act (HR 4280) FIRPTA reform and Parity for Non-Traded REITS Act Net investment income tax and SECA liability Cost recovery, residential rental property and nonresidential property Low-income housing tax credit and the Affordable Housing Credit Improvement Act (S 1557 and HR 3238) Proposed and final tax regulations under section 897 and 892 (FIRPTA domestically controlled REIT rules) REIT rules, including investments in related parties Retail Revitalization Act of 2023 (HR 3749) Cancellation of Indebtedness income (section 108) (HR 5580, Saving Our Mainstreet American Locations for Leisure and Shopping Act) Capital gains tax rate State and local tax deduction 20% deduction for pass-through business income (section 199A) and tax rules on pass-through income, including Senator Wyden pass-through reform discussion draft Taxing appreciated capital gains at death Opportunity Zone reform, reporting, and deadline extensions (HR 5761, Opportunity Zones Transparency, Extension and Improvement Act) Revitalizing Downtowns Act and tax incentives for property conversions (HR 9002) Taxing unrealized gains annually - Administration's minimum tax proposal and Chairman Wyden proposal TCJA Permanency Act and issues related to extension of TCJA Business interest deductibility and section 163(j) Active loss limitation and section 461(l) S. 2518, Ending Tax Breaks for Massive Sovereign Wealth Funds Act S. 2224, Stop Predatory Investing Act Treasury guidance: partnership basis-shifting transactions SECA limited partner exception under section 1402(a)(13) Tax and revenue provisions in the budget resolution Deductibility of state and local business taxes, including property taxes (Business SALT)

Foreign Investment Real Property Act (FIRPTA) Real Estate/REIT Issues Infrastructure and Renewable Energy Issues H.R. 3749, "Retail Revitalization Act"

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Real Estate/REIT Issues Infrastructure and Renewable Energy Issues H.R. 3749, "Retail Revitalization Act"

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

"Carried Interest Fairness Act" and carried interest reform, including changes in holding period Energy efficiency and clean energy tax incentives, including the E-QUIP Act and Inflation Reduction Act, and regulatory implementation Like-Kind Exchanges (Sec. 1031) Completed contract method of accounting and condominium construction (Section 460(e) Fair Accounting for Condominium Construction Act (HR 4280) FIRPTA reform and Parity for Non-Traded REITS Act Net investment income tax and SECA liability Cost recovery, residential rental property and nonresidential property Low-income housing tax credit and the Affordable Housing Credit Improvement Act (S 1557 and HR 3238) Proposed and final tax regulations under section 897 and 892 (FIRPTA domestically controlled REIT rules) REIT rules, including investments in related parties Retail Revitalization Act of 2023 (HR 3749) Cancellation of Indebtedness income (section 108) (HR 5580, Saving Our Mainstreet American Locations for Leisure and Shopping Act) Capital gains tax rate State and local tax deduction 20% deduction for pass-through business income (section 199A) and tax rules on pass-through income, including Senator Wyden pass-through reform discussion draft Taxing appreciated capital gains at death Opportunity Zone reform, reporting, and deadline extensions (HR 5761, Opportunity Zones Transparency, Extension and Improvement Act) Revitalizing Downtowns Act and tax incentives for property conversions (HR 9002) Taxing unrealized gains annually - Administration's minimum tax proposal and Chairman Wyden proposal TCJA Permanency Act and issues related to extension of TCJA Business interest deductibility and section 163(j) Active loss limitation and section 461(l) S. 2518, Ending Tax Breaks for Massive Sovereign Wealth Funds Act S. 2224, Stop Predatory Investing Act Treasury guidance: partnership basis-shifting transactions SECA limited partner exception under section 1402(a)(13) Tax and revenue provisions in the budget resolution Deductibility of state and local business taxes, including property taxes (Business SALT)

"Carried Interest Fairness Act" and carried interest reform, including changes in holding period Energy efficiency and clean energy tax incentives, including the E-QUIP Act and Inflation Reduction Act, and regulatory implementation Like-Kind Exchanges (Sec. 1031) Completed contract method of accounting and condominium construction (Section 460(e) Fair Accounting for Condominium Construction Act (HR 4280) FIRPTA reform and Parity for Non-Traded REITS Act Net investment income tax and SECA liability Cost recovery, residential rental property and nonresidential property Low-income housing tax credit and the Affordable Housing Credit Improvement Act (S 1557 and HR 3238) Proposed and final tax regulations under section 897 and 892 (FIRPTA domestically controlled REIT rules) REIT rules, including investments in related parties Retail Revitalization Act of 2023 (HR 3749) Cancellation of Indebtedness income (section 108) (HR 5580, Saving Our Mainstreet American Locations for Leisure and Shopping Act) Capital gains tax rate State and local tax deduction 20% deduction for pass-through business income (section 199A) and tax rules on pass-through income, including Senator Wyden pass-through reform discussion draft Taxing appreciated capital gains at death Opportunity Zone reform, reporting, and deadline extensions (HR 5761, Opportunity Zones Transparency, Extension and Improvement Act) Revitalizing Downtowns Act and tax incentives for property conversions (HR 9002) Taxing unrealized gains annually - Administration's minimum tax proposal and Chairman Wyden proposal TCJA Permanency Act and issues related to extension of TCJA Business interest deductibility and section 163(j) Active loss limitation and section 461(l) S. 2518, Ending Tax Breaks for Massive Sovereign Wealth Funds Act S. 2224, Stop Predatory Investing Act Treasury guidance: partnership basis-shifting transactions SECA limited partner exception under section 1402(a)(13) Tax and revenue provisions in the budget resolution Deductibility of state and local business taxes, including property taxes (Business SALT)

Like-Kind Exchanges REIT Tax Modernization Foreign Investment in Real Property Tax Act (FIRPTA) Retail Revitalization Act of 2023 (HR 3749) International Tax Proposals Main Street Tax Certainty Act (S. 1706) Taxable REIT Subsidiary Limit (HR 5275) Modernization of Derivatives Act (MODA) Monitor residential rental issues Monitor health care issues (S. 4503, S. 4804, HR 9156) Monitor lodging issues Infrastructure Proposals

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

"Carried Interest Fairness Act" and carried interest reform, including changes in holding period Energy efficiency and clean energy tax incentives, including the E-QUIP Act and Inflation Reduction Act, and regulatory implementation Like-Kind Exchanges (Sec. 1031) Completed contract method of accounting and condominium construction (Section 460(e) Fair Accounting for Condominium Construction Act (HR 4280) FIRPTA reform and Parity for Non-Traded REITS Act Net investment income tax and SECA liability Cost recovery, residential rental property and nonresidential property Low-income housing tax credit and the Affordable Housing Credit Improvement Act (S 1557 and HR 3238) Proposed and final tax regulations under section 897 and 892 REIT rules, including investments in related parties Retail Revitalization Act of 2023 (HR 3749) Cancellation of Indebtedness income (section 108) (HR 5580, Saving Our Mainstreet American Locations for Leisure and Shopping Act) Capital gains tax rate State and local tax deduction 20% deduction for pass-through business income (section 199A) and tax rules on pass-through income, including Senator Wyden pass-through reform discussion draft Taxing appreciated capital gains at death Opportunity Zone reform, reporting, and deadline extensions (HR 5761, Opportunity Zones Transparency, Extension and Improvement Act) Estate tax valuation discounts and rules for grantor trusts Revitalizing Downtowns Act and tax incentives for property conversions Passive Foreign Investment Company proposed tax regulations (REG-118250-20) Taxing unrealized gains annually - Administration's minimum tax proposal and Chairman Wyden proposal TCJA Permanency Act Business interest deductibility and section 163(j) Active loss limitation and section 461(l) S. 2518, Ending Tax Breaks for Massive Sovereign Wealth Funds Act S. 2224, Stop Predatory Investing Act Tax Relief for American Families and Workers Act (H.R. 7024)

"Carried Interest Fairness Act" and carried interest reform, including changes in holding period Energy efficiency and clean energy tax incentives, including the E-QUIP Act and Inflation Reduction Act, and regulatory implementation Like-Kind Exchanges (Sec. 1031) Completed contract method of accounting and condominium construction (Section 460(e) Fair Accounting for Condominium Construction Act (HR 4280) FIRPTA reform and Parity for Non-Traded REITS Act Net investment income tax and SECA liability Cost recovery, residential rental property and nonresidential property Low-income housing tax credit and the Affordable Housing Credit Improvement Act (S 1557 and HR 3238) Proposed and final tax regulations under section 897 and 892 REIT rules, including investments in related parties Retail Revitalization Act of 2023 (HR 3749) Cancellation of Indebtedness income (section 108) (HR 5580, Saving Our Mainstreet American Locations for Leisure and Shopping Act) Capital gains tax rate State and local tax deduction 20% deduction for pass-through business income (section 199A) and tax rules on pass-through income, including Senator Wyden pass-through reform discussion draft Taxing appreciated capital gains at death Opportunity Zone reform, reporting, and deadline extensions (HR 5761, Opportunity Zones Transparency, Extension and Improvement Act) Revitalizing Downtowns Act and tax incentives for property conversions (HR 9002) Passive Foreign Investment Company proposed tax regulations (REG-118250-20) Taxing unrealized gains annually - Administration's minimum tax proposal and Chairman Wyden proposal TCJA Permanency Act and issues related to extension of TCJA Business interest deductibility and section 163(j) Active loss limitation and section 461(l) S. 2518, Ending Tax Breaks for Massive Sovereign Wealth Funds Act S. 2224, Stop Predatory Investing Act Tax Relief for American Families and Workers Act (H.R. 7024) Treasury guidance: partnership basis-shifting transactions SECA limited partner exception under section 1402(a)(13)

HR 5580, Saving Our Mainstreet American Locations for Leisure and Shopping Act - ALL S 1706/HR 4721, Main Street Tax Certainty Act - ALL HR 9002/S 4693 Revitalizing Downtowns and Main Streets Act - ALL HR 7024 Tax Relief for American Families and Workers Act - Sec. 202-204 IRC Section 1031 - maintaining current treatment - no bill IRC Sec 1061 - maintaining current treatment - no bill IRC Section 118 - to provide that certain contributions by government entities are treated as contributions to capital - no bill Wyden Pass-Through Reform - no bill, discussion draft - ALL H.R. 419, Revitalizing Downtowns Act - enhancements to facilitate conversion of commercial buildings into other uses - ALL H.R. 2686, Ending Wall Street Tax Giveaway Act - ALL S. 3317 Ending the Carried Interest Loophole Act - ALL H.R. 3749, Retail Revitalization Act of 2023 - ALL H.R. 5761 Opportunity Zones Transparency, Extension & Improvement Act, ALL S. 4123 Carried Interest Fairness Act - ALL

Client expense: $350,000 · Firm income: Not reported

"Carried Interest Fairness Act" and carried interest reform, including changes in holding period Energy efficiency and clean energy tax incentives, including the E-QUIP Act and Inflation Reduction Act, and regulatory implementation Like-Kind Exchanges (Sec. 1031) Completed contract method of accounting and condominium construction (Section 460(e) Fair Accounting for Condominium Construction Act (HR 4280) FIRPTA reform and Parity for Non-Traded REITS Act Net investment income tax and SECA liability Cost recovery, residential rental property and nonresidential property Low-income housing tax credit and the Affordable Housing Credit Improvement Act (S 1557 and HR 3238) Proposed and final tax regulations under section 897 and 892 REIT rules, including investments in related parties Retail Revitalization Act of 2023 (HR 3749) Cancellation of Indebtedness income (section 108) (HR 5580, Saving Our Mainstreet American Locations for Leisure and Shopping Act) Capital gains tax rate State and local tax deduction 20% deduction for pass-through business income (section 199A) and tax rules on pass-through income, including Senator Wyden pass-through reform discussion draft Taxing appreciated capital gains at death Opportunity Zone reform, reporting, and deadline extensions (HR 5761, Opportunity Zones Transparency, Extension and Improvement Act) Estate tax valuation discounts and rules for grantor trusts Revitalizing Downtowns Act and tax incentives for property conversions Passive Foreign Investment Company proposed tax regulations (REG-118250-20) Taxing unrealized gains annually - Administration's minimum tax proposal and Chairman Wyden proposal TCJA Permanency Act Business interest deductibility and section 163(j) Active loss limitation and section 461(l) S. 2518, Ending Tax Breaks for Massive Sovereign Wealth Funds Act S. 2224, Stop Predatory Investing Act Tax Relief for American Families and Workers Act (H.R. 7024)

Like-Kind Exchanges REIT Tax Modernization Foreign Investment in Real Property Tax Act (FIRPTA) Retail Revitalization Act of 2023 (HR 3749) International Tax Proposals Main Street Tax Certainty Act (S. 1706) Taxable REIT Subsidiary Limit (HR 5275) Modernization of Derivatives Act (MODA) Monitor residential rental issues Monitor health care issues (S. 4503, S. 4804, HR 9156) Monitor lodging issues Infrastructure Proposals

Client expense: $1,140,000 · Firm income: Not reported

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

HR 5580, Saving Our Mainstreet American Locations for Leisure and Shopping Act - ALL S 1706/HR 4721, Main Street Tax Certainty Act - ALL HR 9002/S 4693 Revitalizing Downtowns and Main Streets Act - ALL HR 7024 Tax Relief for American Families and Workers Act - Sec. 202-204 IRC Section 1031 - maintaining current treatment - no bill IRC Sec 1061 - maintaining current treatment - no bill IRC Section 118 - to provide that certain contributions by government entities are treated as contributions to capital - no bill Wyden Pass-Through Reform - no bill, discussion draft - ALL H.R. 419, Revitalizing Downtowns Act - enhancements to facilitate conversion of commercial buildings into other uses - ALL H.R. 2686, Ending Wall Street Tax Giveaway Act - ALL S. 3317 Ending the Carried Interest Loophole Act - ALL H.R. 3749, Retail Revitalization Act of 2023 - ALL H.R. 5761 Opportunity Zones Transparency, Extension & Improvement Act, ALL S. 4123 Carried Interest Fairness Act - ALL

Client expense: $330,000 · Firm income: Not reported

"Carried Interest Fairness Act" and carried interest reform, including changes in holding period Energy efficiency and clean energy tax incentives, including the E-QUIP Act and Inflation Reduction Act, and regulatory implementation Like-Kind Exchanges (Sec. 1031) Completed contract method of accounting and condominium construction (Section 460(e) Fair Accounting for Condominium Construction Act (HR 4280) FIRPTA reform and Parity for Non-Traded REITS Act Net investment income tax and SECA liability Cost recovery, residential rental property and nonresidential property Low-income housing tax credit and the Affordable Housing Credit Improvement Act (S 1557 and HR 3238) Proposed and final tax regulations under section 897 and 892 REIT rules, including investments in related parties Retail Revitalization Act of 2023 (HR 3749) Cancellation of Indebtedness income (section 108) (HR 5580, Saving Our Mainstreet American Locations for Leisure and Shopping Act) Capital gains tax rate State and local tax deduction 20% deduction for pass-through business income (section 199A) and tax rules on pass-through income, including Senator Wyden pass-through reform discussion draft Taxing appreciated capital gains at death Opportunity Zone reform, reporting, and deadline extensions (HR 5761, Opportunity Zones Transparency, Extension and Improvement Act) Estate tax valuation discounts and rules for grantor trusts Revitalizing Downtowns Act and tax incentives for property conversions (HR 9002) Passive Foreign Investment Company proposed tax regulations (REG-118250-20) Taxing unrealized gains annually - Administration's minimum tax proposal and Chairman Wyden proposal TCJA Permanency Act and issues related to extension of TCJA Business interest deductibility and section 163(j) Active loss limitation and section 461(l) S. 2518, Ending Tax Breaks for Massive Sovereign Wealth Funds Act S. 2224, Stop Predatory Investing Act Tax Relief for American Families and Workers Act (H.R. 7024) Treasury guidance: partnership basis-shifting transactions SECA limited partner exception under section 1402(a)(13)

Like-Kind Exchanges REIT Tax Modernization Foreign Investment in Real Property Tax Act (FIRPTA) Retail Revitalization Act of 2023 (HR 3749) International Tax Proposals United States-Taiwan Double Tax Relief Act (JCX 37-23) Main Street Tax Certainty Act (S. 1706) Taxable REIT Subsidiary Limit (HR 5275) Modernization of Derivatives Act (MODA) Monitor residential rental issues Monitor health care issues (S. 4503) Monitor lodging issues Sustainability issues/Zero Emissions Buildings Infrastructure Proposals

Client expense: $1,220,000 · Firm income: Not reported

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

Retail Revitalization - introduction Bills: H.R.3749 - Retail Revitalization Act of 2023

Client expense: Not reported · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

"Carried Interest Fairness Act" and carried interest reform, including changes in holding period Energy efficiency and clean energy tax incentives, including the E-QUIP Act and Inflation Reduction Act, and regulatory implementation Like-Kind Exchanges (Sec. 1031) Completed contract method of accounting and condominium construction (Section 460(e) Fair Accounting for Condominium Construction Act (HR 4280) FIRPTA reform and Parity for Non-Traded REITS Act Net investment income tax and SECA liability Cost recovery, residential rental property and nonresidential property Low-income housing tax credit and the Affordable Housing Credit Improvement Act (S 1557 and HR 3238) Proposed and final tax regulations under section 897 and 892 REIT rules, including investments in related parties Retail Revitalization Act of 2023 (HR 3749) Cancellation of Indebtedness income (section 108) (HR 5580, Saving Our Mainstreet American Locations for Leisure and Shopping Act) Capital gains tax rate State and local tax deduction 20% deduction for pass-through business income (section 199A) and tax rules on pass-through income, including Senator Wyden pass-through reform discussion draft Taxing appreciated capital gains at death Opportunity Zone reform, reporting, and deadline extensions (HR 5761, Opportunity Zones Transparency, Extension and Improvement Act) Estate tax valuation discounts and rules for grantor trusts Revitalizing Downtowns Act and tax incentives for property conversions Passive Foreign Investment Company proposed tax regulations (REG-118250-20) Taxing unrealized gains annually - Administration's minimum tax proposal and Chairman Wyden proposal TCJA Permanency Act Business interest deductibility and section 163(j) Active loss limitation and section 461(l) S. 2518, Ending Tax Breaks for Massive Sovereign Wealth Funds Act S. 2224, Stop Predatory Investing Act Tax Relief for American Families and Workers Act (H.R. 7024) Treasury guidance: partnership basis-shifting transactions SECA limited partner exception under section 1402(a)(13)

"Carried Interest Fairness Act" and carried interest reform, including changes in holding period Energy efficiency and clean energy tax incentives, including the E-QUIP Act and Inflation Reduction Act, and regulatory implementation Like-Kind Exchanges (Sec. 1031) Completed contract method of accounting and condominium construction (Section 460(e) Fair Accounting for Condominium Construction Act (HR 4280) FIRPTA reform and Parity for Non-Traded REITS Act Net investment income tax and SECA liability Cost recovery, residential rental property and nonresidential property Low-income housing tax credit and the Affordable Housing Credit Improvement Act (S 1557 and HR 3238) Proposed and final tax regulations under section 897 and 892 REIT rules, including investments in related parties Retail Revitalization Act of 2023 (HR 3749) Cancellation of Indebtedness income (section 108) (HR 5580, Saving Our Mainstreet American Locations for Leisure and Shopping Act) Capital gains tax rate State and local tax deduction 20% deduction for pass-through business income (section 199A) and tax rules on pass-through income, including Senator Wyden pass-through reform discussion draft Taxing appreciated capital gains at death Opportunity Zone reform, reporting, and deadline extensions (HR 5761, Opportunity Zones Transparency, Extension and Improvement Act) Estate tax valuation discounts and rules for grantor trusts Revitalizing Downtowns Act and tax incentives for property conversions Passive Foreign Investment Company proposed tax regulations (REG-118250-20) Taxing unrealized gains annually - Administration's minimum tax proposal and Chairman Wyden proposal TCJA Permanency Act Business interest deductibility and section 163(j) Active loss limitation and section 461(l) S. 2518, Ending Tax Breaks for Massive Sovereign Wealth Funds Act S. 2224, Stop Predatory Investing Act Tax Relief for American Families and Workers Act (H.R. 7024)

HR 5580, Saving Our Mainstreet American Locations for Leisure and Shopping Act - ALL S 1706/HR 4721, Main Street Tax Certainty Act - ALL HR 976 TCJA Tax Permanency Act - Sec 111 Deduction for Qualified Business Income IRC Section 1031 - maintaining current treatment - no bill IRC Sec 1061 - maintaining current treatment - no bill IRC Section 118 - to provide that certain contributions by government entities are treated as contributions to capital - no bill Wyden Pass-Through Reform - no bill, discussion draft - ALL H.R. 419, Revitalizing Downtowns Act - enhancements to facilitate conversion of commercial buildings into other uses - ALL H.R. 2686, Ending Wall Street Tax Giveaway Act - ALL S. 3317 Ending the Carried Interest Loophole Act - ALL H.R. 3749, Retail Revitalization Act of 2023 - ALL H.R. 5761 Opportunity Zones Transparency, Extension & Improvement Act, ALL S. 4123 Carried Interest Fairness Act - ALL

Client expense: $330,000 · Firm income: Not reported

"Carried Interest Fairness Act" and carried interest reform, including changes in holding period Energy efficiency and clean energy tax incentives, including the E-QUIP Act and Inflation Reduction Act, and regulatory implementation Like-Kind Exchanges (Sec. 1031) Completed contract method of accounting and condominium construction (Section 460(e) Fair Accounting for Condominium Construction Act (HR 4280) FIRPTA reform and Parity for Non-Traded REITS Act Net investment income tax and SECA liability Cost recovery, residential rental property and nonresidential property Low-income housing tax credit and the Affordable Housing Credit Improvement Act (S 1557 and HR 3238) Proposed and final tax regulations under section 897 and 892 REIT rules, including investments in related parties Retail Revitalization Act of 2023 (HR 3749) Cancellation of Indebtedness income (section 108) (HR 5580, Saving Our Mainstreet American Locations for Leisure and Shopping Act) Capital gains tax rate State and local tax deduction 20% deduction for pass-through business income (section 199A) and tax rules on pass-through income, including Senator Wyden pass-through reform discussion draft Taxing appreciated capital gains at death Opportunity Zone reform, reporting, and deadline extensions (HR 5761, Opportunity Zones Transparency, Extension and Improvement Act) Estate tax valuation discounts and rules for grantor trusts Revitalizing Downtowns Act and tax incentives for property conversions Passive Foreign Investment Company proposed tax regulations (REG-118250-20) Taxing unrealized gains annually - Administration's minimum tax proposal and Chairman Wyden proposal TCJA Permanency Act Business interest deductibility and section 163(j) Active loss limitation and section 461(l) S. 2518, Ending Tax Breaks for Massive Sovereign Wealth Funds Act S. 2224, Stop Predatory Investing Act Tax Relief for American Families and Workers Act (H.R. 7024)

Like-Kind Exchanges REIT Tax Modernization Retail Revitalization Act of 2023 (HR 3749) International Tax Proposals United States-Taiwan Double Tax Relief Act (JCX 37-23) Main Street Tax Certainty Act (S. 1706) Taxable REIT Subsidiary Limit (HR 5275) Modernization of Derivatives Act (MODA) Monitor residential rental issues Monitor health care issues Monitor lodging issues Sustainability issues/Zero Emissions Buildings

Client expense: $959,000 · Firm income: Not reported

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

HR 5580, Saving Our Mainstreet American Locations for Leisure and Shopping Act - ALL S 1706/HR 4721, Main Street Tax Certainty Act - ALL HR 976 TCJA Tax Permanency Act - Sec 111 Deduction for Qualified Business Income IRC Section 1031 - maintaining current treatment - no bill IRC Sec 1061 - maintaining current treatment - no bill IRC Section 118 - to provide that certain contributions by government entities are treated as contributions to capital - no bill Wyden Pass-Through Reform - no bill, discussion draft - ALL H.R. 419, Revitalizing Downtowns Act - enhancements to facilitate conversion of commercial buildings into other uses - ALL H.R. 2686, Ending Wall Street Tax Giveaway Act - ALL S. 3317 Ending the Carried Interest Loophole Act - ALL H.R. 3749, Retail Revitalization Act of 2023 - ALL H.R. 5761 Opportunity Zones Transparency, Extension & Improvement Act, ALL

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

Retail Revitalization - introduction Bills: H.R.3749 - Retail Revitalization Act of 2023

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

"Carried Interest Fairness Act" and carried interest reform, including changes in holding period Energy efficiency and clean energy tax incentives, including the E-QUIP Act and Inflation Reduction Act, and regulatory implementation Like-Kind Exchanges (Sec. 1031) Completed contract method of accounting and condominium construction (Section 460(e) Fair Accounting for Condominium Construction Act (HR 4280) FIRPTA reform and Parity for Non-Traded REITS Act Net investment income tax and SECA liability Cost recovery, residential rental property and nonresidential property Low-income housing tax credit and the Affordable Housing Credit Improvement Act (S 1557 and HR 3238) Proposed and final tax regulations under section 897 and 892 REIT rules, including investments in related parties Retail Revitalization Act of 2023 (HR 3749) Cancellation of Indebtedness income (section 108) (HR 5580, Saving Our Mainstreet American Locations for Leisure and Shopping Act) Capital gains tax rate State and local tax deduction 20% deduction for pass-through business income (section 199A) and tax rules on pass-through income, including Senator Wyden pass-through reform discussion draft Taxing appreciated capital gains at death Opportunity Zone reform, reporting, and deadline extensions (HR 5761, Opportunity Zones Transparency, Extension and Improvement Act) Estate tax valuation discounts and rules for grantor trusts Revitalizing Downtowns Act and tax incentives for property conversions Passive Foreign Investment Company proposed tax regulations (REG-118250-20) Taxing unrealized gains annually - Administration's minimum tax proposal and Chairman Wyden proposal TCJA Permanency Act Business interest deductibility and section 163(j) Active loss limitation and section 461(l) S. 2518, Ending Tax Breaks for Massive Sovereign Wealth Funds Act S. 2224, Stop Predatory Investing Act Tax Relief for American Families and Workers Act (H.R. 7024)

Parity for Non-Traded REITs Act (HR 3123) Foreign Investment in Real Property Tax Act (FIRPTA) REIT Tax Modernization Retail Revitalization Act of 2023 (HR 3749) REIT Constructive Ownership Proposals (S. 2715) International Tax Proposals Main Street Tax Certainty Act (S.1706) Monitor residential rental issues Monitor lodging issues Monitor health care issues United States-Taiwan Expedited Double Tax Relief Act (JCX-37-23) Taxable REIT Subsidiary Limit (HR 5275) Built-in Gains Commercial Building Modernization Act Sec. 179D Infrastructure Proposals Sustainability/Zero Emission Buildings Issues

Client expense: $819,000 · Firm income: Not reported

Parity for Non-Traded REITs Act (HR 3123) Foreign Investment in Real Property Tax Act (FIRPTA) REIT Tax Modernization Retail Revitalization Act of 2023 (HR 3749) REIT Constructive Ownership Proposals (S. 2715) International Tax Proposals Main Street Tax Certainty Act (S.1706) Monitor residential rental issues Monitor lodging issues Monitor health care issues United States-Taiwan Expedited Double Tax Relief Act (JCX-37-23) Taxable REIT Subsidiary Limit (HR 5275) Built-in Gains Commercial Building Modernization Act Sec. 179D Infrastructure Proposals Sustainability/Zero Emission Buildings Issues

Client expense: $807,000 · Firm income: Not reported

Retail Revitalization - introduction Bills: H.R.3749 - Retail Revitalization Act of 2023

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

HR 5580, Saving Our Mainstreet American Locations for Leisure and Shopping Act - ALL S 1706/HR 4721, Main Street Tax Certainty Act - ALL HR 976 TCJA Tax Permanency Act - Sec 111 Deduction for Qualified Business Income IRC Section 1031 - maintaining current treatment - no bill IRC Sec 1061 - maintaining current treatment - no bill IRC Section 118 - to provide that certain contributions by government entities are treated as contributions to capital - no bill Wyden Pass-Through Reform - no bill, discussion draft - ALL H.R. 419, Revitalizing Downtowns Act - enhancements to facilitate conversion of commercial buildings into other uses - ALL H.R. 2686, Ending Wall Street Tax Giveaway Act - ALL S. 3317 Ending the Carried Interest Loophole Act - ALL H.R. 3749, Retail Revitalization Act of 2023 - ALL H.R. 5761 Opportunity Zones Transparency, Extension & Improvement Act, ALL

Client expense: $330,000 · Firm income: Not reported

"Carried Interest Fairness Act" and carried interest reform, including changes in holding period Energy efficiency and clean energy tax incentives, including the E-QUIP Act and Inflation Reduction Act, and regulatory implementation Like-Kind Exchanges (Sec. 1031) Completed contract method of accounting and condominium construction (Section 460(e) Fair Accounting for Condominium Construction Act (HR 4280) FIRPTA reform and Parity for Non-Traded REITS Act Net investment income tax and SECA liability Cost recovery, residential rental property and nonresidential property Low-income housing tax credit and the Affordable Housing Credit Improvement Act (S 1557 and HR 3238) Proposed and final tax regulations under section 897 and 892 REIT rules, including investments in related parties Retail Revitalization Act of 2023 (HR 3749) Cancellation of Indebtedness income (section 108) (HR 5580, Saving Our Mainstreet American Locations for Leisure and Shopping Act) Capital gains tax rate State and local tax deduction 20% deduction for pass-through business income (section 199A) and tax rules on pass-through income, including Senator Wyden pass-through reform discussion draft Taxing appreciated capital gains at death Opportunity Zone reform, reporting, and deadline extensions (HR 5761, Opportunity Zones Transparency, Extension and Improvement Act) Estate tax valuation discounts and rules for grantor trusts Revitalizing Downtowns Act and tax incentives for property conversions Passive Foreign Investment Company proposed tax regulations (REG-118250-20) Taxing unrealized gains annually - Administration's minimum tax proposal and Chairman Wyden proposal TCJA Permanency Act Business interest deductibility and section 163(j) Active loss limitation and section 461(l) S. 2518, Ending Tax Breaks for Massive Sovereign Wealth Funds Act S. 2224, Stop Predatory Investing Act.

-H.R. 3749, Retail Revitalization Act of 2023, all -H.R. 3746, Fiscal Responsibility Act of 2023, all -H.R. 4664, Making appropriations for financial services and general government for the fiscal year ending September 30, 2024, all -H.R. 4665, Department of State, Foreign Operations, and Related Programs Appropriations Act, 2024, all -S. 2624, Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 2024, all

Client expense: $480,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Parity for Non-Traded REITs Act (HR 3123) Foreign Investment in Real Property Tax Act (FIRPTA) REIT Tax Modernization Retail Revitalization Act of 2023 (HR 3749) REIT Constructive Ownership Proposals (S. 2715) International Tax Proposals Main Street Tax Certainty Act (S.1706) Monitor residential rental issues Monitor lodging issues Monitor health care issues United States-Taiwan Expedited Double Tax Relief Act (JCX-37-23) Taxable REIT Subsidiary Limit (HR 5275)

Client expense: $1,118,000 · Firm income: Not reported

Government targets: Centers For Medicare and Medicaid Services (CMS), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

Retail Revitalization - introduction Bills: H.R.3749 - Retail Revitalization Act of 2023

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

HR 5580, Saving Our Mainstreet American Locations for Leisure and Shopping Act - ALL S 1706/HR 4271, Main Street Tax Certainty Act - ALL HR 976 TCJA Tax Permanency Act - Sec 111 Deduction for Qualified Business Income IRC Section 1031 - maintaining current treatment - no bill IRC Sec 1061 - maintaining current treatment - no bill IRC Section 118 - to provide that certain contributions by government entities are treated as contributions to capital - ALL Wyden Pass-Through Reform - no bill, discussion draft - ALL IRC Sec 1400Z - Opportunity Zones - extension and improvements - no bill H.R. 419, Revitalizing Downtowns Act - enhancements to facilitate conversion of commercial buildings into other uses - ALL H.R. 2686, Ending Wall Street Tax Giveaway Act - ALL H.R. 3749, Retail Revitalization Act of 2023 - ALL S 1232/H.R. 2788, American Investment in Manufacturing (AIM) Act - ALL

Client expense: $330,000 · Firm income: Not reported

HR 5580, Saving Our Mainstreet American Locations for Leisure and Shopping Act - ALL S 1706/HR 4271, Main Street Tax Certainty Act - ALL HR 976 TCJA Tax Permanency Act - Sec 111 Deduction for Qualified Business Income IRC Section 1031 - maintaining current treatment - no bill IRC Sec 1061 - maintaining current treatment - no bill IRC Section 118 - to provide that certain contributions by government entities are treated as contributions to capital - ALL Wyden Pass-Through Reform - no bill, discussion draft - ALL IRC Sec 1400Z - Opportunity Zones - extension and improvements - no bill H.R. 419, Revitalizing Downtowns Act - enhancements to facilitate conversion of commercial buildings into other uses - ALL H.R. 2686, Ending Wall Street Tax Giveaway Act - ALL H.R. 3749, Retail Revitalization Act of 2023 - ALL S 1232/H.R. 2788, American Investment in Manufacturing (AIM) Act - ALL

Client expense: $330,000 · Firm income: Not reported

"Carried Interest Fairness Act" and carried interest reform, including changes in holding period Energy efficiency and clean energy tax incentives, including the E-QUIP Act and Inflation Reduction Act, and regulatory implementation Like-Kind Exchanges (Sec. 1031) Completed contract method of accounting and condominium construction (Section 460(e) Fair Accounting for Condominium Construction Act (HR 4280) FIRPTA reform and Parity for Non-Traded REITS Act Net investment income tax and SECA liability Cost recovery, residential rental property and nonresidential property Low-income housing tax credit and the Affordable Housing Credit Improvement Act (S 1557 and HR 3238) Proposed and final tax regulations under section 897 and 892 REIT rules, including investments in related parties Retail Revitalization Act of 2023 (HR 3749) Cancellation of Indebtedness income (section 108) (HR 5580, Saving Our Mainstreet American Locations for Leisure and Shopping Act) Capital gains tax rate State and local tax deduction 20% deduction for pass-through business income (section 199A) and tax rules on pass-through income, including Senator Wyden pass-through reform discussion draft Taxing appreciated capital gains at death Opportunity Zone reform, reporting, and deadline extensions (HR 5761, Opportunity Zones Transparency, Extension and Improvement Act) Estate tax valuation discounts and rules for grantor trusts Revitalizing Downtowns Act and tax incentives for property conversions Passive Foreign Investment Company proposed tax regulations (REG-118250-20) Taxing unrealized gains annually - Administration's minimum tax proposal and Chairman Wyden proposal TCJA Permanency Act Business interest deductibility and section 163(j) Active loss limitation and section 461(l) S. 2518, Ending Tax Breaks for Massive Sovereign Wealth Funds Act S. 2224, Stop Predatory Investing Act.

Parity for Non-Traded REITs Act (HR 3123) Foreign Investment in Real Property Tax Act (FIRPTA) REIT Tax Modernization Retail Revitalization Act of 2023 (HR 3749) Renewing Investment in American Workers and Supply Chains Act (HR 7229, S 4012) International Tax Proposals Infrastructure Proposals Main Street Tax Certainty Act (S.1706) Monitor residential rental issues Monitor lodging issues Monitor health care issues

Client expense: $106,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

"Carried Interest Fairness Act" and carried interest reform, including changes in holding period Energy efficiency and clean energy tax incentives, including the E-QUIP Act and Inflation Reduction Act, and regulatory implementation Like-Kind Exchanges (Sec. 1031) Completed contract method of accounting and condominium construction (Section 460(e) Fair Accounting for Condominium Construction Act (HR 4280) FIRPTA reform and Parity for Non-Traded REITS Act Net investment income tax and SECA liability Cost recovery, residential rental property and nonresidential property Low-income housing tax credit and the Affordable Housing Credit Improvement Act (S 1557 and HR 3238) Proposed and final tax regulations under section 897 and 892 REIT rules, including investments in related parties Retail Revitalization Act of 2023 (HR 3749) Cancellation of Indebtedness income (section 108) Capital gains tax rate State and local tax deduction 20% deduction for pass-through business income (section 199A) and tax rules on pass-through income, including Senator Wyden pass-through reform discussion draft Taxing appreciated capital gains at death Opportunity Zone reform, reporting, and deadline extensions Estate tax valuation discounts and rules for grantor trusts Revitalizing Downtowns Act and tax incentives for property conversions Passive Foreign Investment Company proposed tax regulations (REG-118250-20) Taxing unrealized gains annually - Administration's minimum tax proposal and Chairman Wyden proposal TCJA Permanency Act Business interest deductibility and section 163(j) Active loss limitation and section 461(l)

Client expense: $852,623 · Firm income: Not reported

IRC Section 108 Cancellation of Indebtedness Income - no bill HR 976 TCJA Tax Permanency Act - Sec 111 Deduction for Qualified Business Income IRC Section 1031 - maintaining current treatment - no bill IRC Sec 1061 - maintaining current treatment - no bill IRC Section 118 - to provide that certain contributions by government entities are treated as contributions to capital - ALL Wyden Pass-Through Reform - no bill, discussion draft - ALL IRC Sec 1400Z - Opportunity Zones - extension and improvements - no bill H.R. 419, Revitalizing Downtowns Act - enhancements to facilitate conversion of commercial buildings into other uses - ALL H.R. 2686, Ending Wall Street Tax Giveaway Act - ALL H.R. 3749, Retail Revitalization Act of 2023 - ALL S 1232/H.R. 2788, American Investment in Manufacturing (AIM) Act - ALL

Client expense: $380,000 · Firm income: Not reported

Retail Revitalization - introduction Bills: H.R.3749 - Retail Revitalization Act of 2023

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE