vs 10,564 other HR bills in the 118th — cohort avg 68d
Summary
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Lobbying filings that explicitly cite this bill (6)
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Cited source text, amounts, lobbyists, and targets
529 Plans. Pass-Through Rates. Stepped-up Basis. 3.8% Net Investment Income Tax. Inflation Reduction Act of 2022. Tax Cuts and Jobs Act (TCJA), generally. Permanency of TCJA Section 199A Continuation of TCJA estate tax treatment. Revived expensing of research and development costs. Restoration of 100% bonus depreciation. Opposition to exclusionary labor mandates in IRA green tax credits. H.R. 703: the Main Street Tax Certainty Act. S. 587: Death Tax Repeal Act of 2025. H. Con. Res. 14: the Republican budget resolution. H.R. 1: One, Big, Beautiful Bill Act. H.R. 6231/S. 3265: Improve and Enhance the Work Opportunity Tax Credit Act. 118th Congress: H.R. 3938, the Build It In America Act. H.R. 4721/S. 1706: the Main Street Tax Certainty Act. H.R. 4035: the Protecting Small Business Information Act of 2023. S. 1108: the Death Tax Repeal Act of 2023. H.R. 4820: the Transportation, Housing and Urban Development Appropriations Act. H.R. 7024: Tax Relief for American Families and Workers Act of 2024. H.R. 6833: the Improve and Enhance the Work Opportunity Tax Credit Act.
Cited source text, amounts, lobbyists, and targets
529 Plans. Pass-Through Rates. Stepped-up Basis. 3.8% Net Investment Income Tax. Inflation Reduction Act of 2022. Tax Cuts and Jobs Act (TCJA), generally. Permanency of TCJA Section 199A Continuation of TCJA estate tax treatment. Revived expensing of research and development costs. Restoration of 100% bonus depreciation. Opposition to exclusionary labor mandates in IRA green tax credits. H.R. 703: the Main Street Tax Certainty Act. S. 587: Death Tax Repeal Act of 2025. H. Con. Res. 14: the Republican budget resolution. H.R. 1: One, Big, Beautiful Bill Act. 118th Congress: H.R. 3938, the Build It In America Act. H.R. 4721/S. 1706: the Main Street Tax Certainty Act. H.R. 4035: the Protecting Small Business Information Act of 2023. S. 1108: the Death Tax Repeal Act of 2023. H.R. 4820: the Transportation, Housing and Urban Development Appropriations Act. H.R. 7024: Tax Relief for American Families and Workers Act of 2024. H.R. 6833: the Improve and Enhance the Work Opportunity Tax Credit Act.
Client expense: $700,000 · Firm income: Not reported
Cited source text, amounts, lobbyists, and targets
529 Plans. Pass-Through Rates. Stepped-up Basis. 3.8% Net Investment Income Tax. Inflation Reduction Act of 2022. Tax Cuts and Jobs Act (TCJA), generally. Permanency of TCJA Section 199A Continuation of TCJA estate tax treatment. Revived expensing of research and development costs. Restoration of 100% bonus depreciation. Opposition to exclusionary labor mandates in IRA green tax credits. H.R. 703: the Main Street Tax Certainty Act. S. 587: Death Tax Repeal Act of 2025. H. Con. Res. 14: the Republican budget resolution. H.R. 1: One, Big, Beautiful Bill Act. 118th Congress: H.R. 3938, the Build It In America Act. H.R. 4721/S. 1706: the Main Street Tax Certainty Act. H.R. 4035: the Protecting Small Business Information Act of 2023. S. 1108: the Death Tax Repeal Act of 2023. H.R. 4820: the Transportation, Housing and Urban Development Appropriations Act. H.R. 7024: Tax Relief for American Families and Workers Act of 2024. H.R. 6833: the Improve and Enhance the Work Opportunity Tax Credit Act.
Client expense: $700,000 · Firm income: Not reported
Cited source text, amounts, lobbyists, and targets
Tax Cuts and Job Act Permanency & Tax Reconciliation NMHC supports making permanent individual tax rates and the 20 percent qualified business income tax deduction that expire at the end of 2025. NMHC supports making permanent the Estate Tax rules enacted as part of the Tax Cuts and Jobs Act of 2017 (TCJA). In TCJA, Congress, doubled the estate tax exclusion through 2025 while retaining a top tax rate of 40 percent and stepped-up basis rules. H.R. 1, One Big Beautiful Bill Act, to provide for reconciliation pursuant to title II of H. Con. Res. 14, Title IV--Energy and Commerce, Subtitle C--Communications, Part 2--Artificial Intelligence and Information Technology Modernization, Sec. 43201. Artificial Intelligence and Information Technology Modernization Initiative; Title XI--Committee on Ways and Means, "The One, Big, Beautiful Bill, Subtitle A--Make American Workers and Families Thrive Again: Sec. 110001. Extension of Modification of Rates, Sec. 110005. Extension of Deduction for Qualified Business Income and Permanent Enhancement, Sec. 110006. Extension of Increased Estate and Gift Tax Exemption Amounts and Permanent Enhancement, and Sec. 110011. Limitation on Tax Benefit of Itemized Deductions; Subtitle B--Make Rural America and Main Street Grow Again, Part 1--Extension of Tax Cuts and Jobs Act Reforms for Rural America and Main Street, Sec. 111001. Extension of Special Depreciation Allowance for Certain Property and Sec. 111003. Modified Calculation of Adjusted Taxable Income for Purposes of Business Interest Deduction, Part 2--Additional Tax Relief for Rural America and Main Street, Sec. 111002. Renewal and Enhancement of Opportunity Zones, Sec. 111003. Increased Dollar Limitations for Expensing of Certain Depreciable Assets, and Sec. 111109. Modifications to Low-Income Housing Credit, Subtitle C--Make America Win Again, Part 1--Working Families Over Elites, Sec. 112007. Termination of New Energy Efficient Home Credit, Sec. 112008. Restrictions on Clean Electricity Production Credit, Sec. 112009. Restrictions on Clean Electricity Investment Credit, Sec. 112018. Limitation on Individual Deductions for Certain State and Local Taxes, Etc., Sec. 112026. Limitation on Excess Business Losses of Noncorporate Taxpayers, and Sec. 112028 Enforcement of Remedies Against Unfair Foreign Taxes. Amendment in the Nature of a Substitute to Committee Print Providing for Reconciliation, Title XI--Committee on Ways and Means, "The One, Big, Beautiful Bill, Subtitle A--Make American Workers and Families Thrive Again: Sec. 110001. Extension of Modification of Rates, Sec. 110005. Extension of Deduction for Qualified Business Income and Permanent Enhancement, Sec. 110006. Extension of Increased Estate and Gift Tax Exemption Amounts and Permanent Enhancement, and Sec. 110011. Limitation on Tax Benefit of Itemized Deductions; Subtitle B--Make Rural America and Main Street Grow Again, Part 1--Extension of Tax Cuts and Jobs Act Reforms for Rural America and Main Street, Sec. 111001. Extension of Special Depreciation Allowance for Certain Property and Sec. 111003. Modified Calculation of Adjusted Taxable Income for Purposes of Business Interest Deduction, Part 2--Additional Tax Relief for Rural America and Main Street, Sec. 111002. Renewal and Enhancement of Opportunity Zones, Sec. 111003. Increased Dollar Limitations for Expensing of Certain Depreciable Assets, and Sec. 111109. Modifications to Low-Income Housing Credit, Subtitle C--Make America Win Again, Part 1--Working Families Over Elites, Sec. 112007. Termination of New Energy Efficient Home Credit, Sec. 112008. Phase-Out and Restrictions on Clean Electricity Production Credit, Sec. 112009. Phase-Out and Restrictions on Clean Electricity Investment Credit, Sec. 112018. Limitation on Individual Deductions for Certain State and Local Taxes, Etc., and Sec. 112027. Limitation on Excess Business Losses of Noncorporate Taxpayers. S. Amdt. 2630 to H.R. 1, One Big Beautiful Bill Act, to provide for reconciliation pursuant to title II of H. Con. Res. 14, Amendment in the Nature of a Substitute, Title IV--Committee on Commerce, Science, and Transportation, Sec. 40012: Support for Artificial Intelligence Under the Broadband Equity, Access, and Deployment Program; Title VII--Finance, Subtitle A--Tax, Chapter 1--Providing Permanent Tax Relief for Middle-Class Families and Workers, Sec. 70101: Extension and Enhancement of Reduced Rates, Sec. 70105: Extension and Enhancement of Deduction for Qualified Business Income, Sec. 70106: Extension and Enhancement of Increased Estate and Gift Tax Exemption Amounts, and Sec. 70111: Limitation on Tax Benefits of Itemized Deductions; Chapter 3-Establishing Certainty and Competitiveness for American Job Creators, Subchapter A--Permanent U.S. Business Tax Reform and Boosting Domestic Investment, Sec. 70301: Full Expensing for Certain Business Property, Sec 70303: Modification of Limitation on Business Interest, and Sec. 70306: Increased Dollar Limitations for Expensing of Certain Depreciable Business Assets; Chapter 4--Investing in American Families, Communities, and Small Businesses, Subchapter C--Permanent Investments in Community Development, Sec. 70421: Permanent Renewal and Enhancement of Opportunity Zones and Sec 70422: Permanent Enhancement of Low-Income Housing Tax Credit; Chapter 5:--Ending Green New Deal Spending, Promoting America-First Energy, and Other Reforms, Subchapter A--Termination of Green New Deal Subsidies, Sec 70507: Termination of Energy Efficient Commercial Buildings Deduction; Sec. 70508: Termination of New Energy Efficient Home Credit; Sec. 70512: Termination and Restrictions on Clean Electricity Production Credit; and Sec. 70513: Termination and Restrictions on Clean Electricity Investment Credit; Chapter 6--Enhancing Deduction and Income Tax Credit Guardrails, and Other Reforms, Sec. 70601: Modification and Extension of Limitation on Excess Business Losses by Noncorporate Taxpayers. Senate Finance Committee Reconciliation Legislation: Title VII--Finance, Subtitle A--Tax, Chapter 1--Providing Permanent Tax Relief for Middle-Class Families and Workers, Sec. 70101: Extension and Enhancement of Reduced Rates, Sec. 70105: Extension and Enhancement of Deduction for Qualified Business Income, Sec. 70106: Extension and Enhancement of Increased Estate and Gift Tax Exemption Amounts, and Sec. 70111: Limitation on Tax Benefit of Itemized Deductions; Chapter 3--Establishing Certainty and Competitiveness for American Job Creators, Subchapter A--Permanent U.S. Business Tax Reforms and Boosting Domestic Investment, Sec. 70301: Full Expensing for Certain Business Property, Sec. 70303: Modification of Limitation on Business Interest, and Sec. 70306: Increased Dollar Limitation for Expensing of Certain Depreciable Assets; Chapter 4--Investing in American Families, Communities, and Small Businesses, Subchapter C--Permanent Investments in Community Development, Sec. 70421: Permanent Renewal and Enhancement of Opportunity Zones and Sec. 70422: Permanent Enhancement of Low-Income Housing Tax Credit; Chapter 5--Ending Green New Deal Spending, Promoting America-First Energy and Other Reforms, Subchapter A--Termination of Green New Deal Subsidies, Sec. 70507: Termination of Energy Efficient Commercial Buildings Deduction, Sec. 70508: Termination of New Energy Efficient Home Credit, Sec. 70513: Phase-Out and Restrictions on Clean Electricity Production Credit, and Sec. 70512: Phase-Out and Restrictions on Clean Electricity Investment Credit; and Chapter 6--Enhancing Deduction and Income Tax Guardrails, and Other Reforms, Subchapter A--Enhancing Deduction Guardrails and Other Reforms, Sec 70601: Limitation on Individual Deductions for Certain State and Local Taxes, etc. (SALT) and Addressing SALT Workarounds and Sec. 70602: Extension and Modification of Limitation on Excess Business Losses of Noncorporate Taxpayers H.R. 703, Main Street Tax Certainty Act, to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income, all provisions. S. 213, Main Street Tax Certainty Act, to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income, all provisions. H.Con.Res. 14, Establishing the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034, provisions impacting tax policy Revenue-Raising Provisions NMHC opposes imposing the net investment income tax (NIIT) on active income while also potentially increasing the NIIT rate. NMHC opposes requiring 100-percent recapture of depreciation deductions as ordinary income for real estate. NMHC opposes restricting the deductibility of state and local taxes (e.g., income, property, and industry-related taxes) by pass-through entities and REITs. NMHC supports retaining current law with regard to like-kind exchanges. NMHC believes that carried interest should be treated as a long-term capital gain if the underlying asset is held for at least one year. Low-Income Housing Tax Credit and Middle-Income Housing Tax Credit Workforce Housing Tax Credit: NMHC supports the establishment of a Workforce Housing Tax Credit to spur production of multifamily housing for households earning up to 100 percent of area median income. Low-Income Housing Tax Credit: We support increasing credit authority and reducing the bond financing test. We also support increasing the private-activity bond volume cap to increase the use of 4 percent Low-Income Housing Tax Credits S. 3436 (118th Congress), Workforce Housing Tax Credit Act, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, and for other purposes, all provisions. H.R. 6686 (118th Congress), Workforce Housing Tax Credit Act, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, and for other purposes, all provisions. H.R. 2725, Affordable Housing Credit Improvement Act of 2025, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions, in particular issues relating to increased tax credit authority and tax-exempt bond financing requirements. S. 1515, Affordable Housing Credit Improvement Act of 2025, a bill to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. Adaptive Reuse H.R. 2410, Revitalizing Downtowns and Main Streets Act, to amend the Internal Revenue Code of 1986 to provide an investment credit for converting non-residential buildings to affordable housing, all provisions. Opportunity Zones NMHC supports: (1) Enabling States to recertify and/or redesignate Opportunity Zones to account for current economic realities and changes since Zones were originally designated; (2) Establishing new deferral deadlines so that taxpayers are incentivized to receive both a longer deferral period and the potential for a 10 percent or 15 percent basis increase with respect to reinvested capital gains; and (3) Reducing the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone purposes. H.R. 5761 (118th Congress), Opportunity Zones Transparency, Extension, and Improvement Act, to amend the Internal Revenue Code of 1986 to modify the rules relating to qualified opportunity zones, and for other purposes, all provisions Tax Depreciation NMHC believes Congress should consider proposals to shorten the depreciation recovery period of multifamily structures while opposing measures to increase the 25 percent depreciation recapture rate applicable to sales. Also studied proposals to shorten depreciation recovery period of affordable multifamily housing units. Litigation and Tax Impact S. 1821, Tackling Predatory Litigation Funding Act, to amend the Internal Revenue Code of 1986 to establish a tax on income from litigation which is received by third-party entities that provided financing for such litigation, all provisions. H.R. 3512, Tackling Predatory Litigation Funding Act, to amend the Internal Revenue Code of 1986 to establish a tax on income from litigation which is received by third-party entities that provided financing for such litigation, all provisions. Tax Regulations Department of the Treasury and Internal Revenue Service, 26 CFR Part 1, TD 9992, RIN 1545-BQ36, Guidance on the Definition of Domestically Controlled Investment Entities. Department of the Treasury, Internal Revenue Service, 26 CFR Part 1, TD 10028, RIN 1545-BR07, Certain Partnership Related-Party Basis Adjustment Transactions as Transactions of Interest. Internal Revenue Service, Notice 2025-23, Notice of Intent to Remove 26 CFR 1.6011-18; Waiver of Penalties under Sections 6707A(a), 6707(a), and 6708; Withdrawal of Notice 2024-54.
Client expense: $2,720,000 · Firm income: Not reported
Government targets: Council of Economic Advisers (CEA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Office of Management & Budget (OMB), SENATE
Cited source text, amounts, lobbyists, and targets
529 Plans. Pass-Through Rates. Stepped-up Basis. 3.8% Net Investment Income Tax. Inflation Reduction Act of 2022. Tax Cuts and Jobs Act (TCJA), generally. Permanency of TCJA Section 199A Continuation of TCJA estate tax treatment. Revived expensing of research and development costs. Restoration of 100% bonus depreciation. Opposition to exclusionary labor mandates in IRA green tax credits. H.R. 703: the Main Street Tax Certainty Act. S.587: Death Tax Repeal Act of 2025. H. Con. Res. 14: the Republican budget resolution. 118th Congress: H.R. 3938, the Build It In America Act. H.R. 4721/S. 1706: the Main Street Tax Certainty Act. H.R. 4035: the Protecting Small Business Information Act of 2023. S. 1108: the Death Tax Repeal Act of 2023. H.R. 4820: the Transportation, Housing and Urban Development Appropriations Act. H.R. 7024: Tax Relief for American Families and Workers Act of 2024. H.R. 6833: the Improve and Enhance the Work Opportunity Tax Credit Act.
Client expense: $700,000 · Firm income: Not reported
Cited source text, amounts, lobbyists, and targets
Tax Cuts and Job Act Permanency NMHC supports making permanent individual tax rates and the 20 percent qualified business income tax deduction that expire at the end of 2025. NMHC supports making permanent the Estate Tax rules enacted as part of the Tax Cuts and Jobs Act of 2017 (TCJA). In TCJA, Congress, doubled the estate tax exclusion through 2025 while retaining a top tax rate of 40 percent and stepped-up basis rules. H.R. 703, Main Street Tax Certainty Act, to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income, all provisions. S. 213, Main Street Tax Certainty Act, to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income, all provisions. H.R. 4721 (118th Congress), Main Street Tax Certainty Act, to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income, all provisions. S. 1706 (118th Congress), Main Street Tax Certainty Act, to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income, all provisions. H.R. 1301, Death Tax Repeal Act, to amend the Internal Revenue Code of 1986 to repeal the estate and generation-skipping transfer taxes, all provisions. S. 587, Death Tax Repeal Act of 2025, a bill to amend the Internal Revenue Code of 1986 to repeal the estate and generation-skipping transfer taxes, and for other purposes, all provisions. H.Con.Res. 14, Establishing the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034, provisions impacting tax policy Revenue-Raising Provisions NMHC opposes imposing the net investment income tax (NIIT) on active income while also potentially increasing the NIIT rate. NMHC opposes requiring 100-percent recapture of depreciation deductions as ordinary income for real estate. NMHC opposes restricting the deductibility of state and local taxes (e.g., income, property, and industry-related taxes) by pass-through entities and REITs. NMHC supports retaining current law with regard to like-kind exchanges. NMHC believes that carried interest should be treated as a long-term capital gain if the underlying asset is held for at least one year. H.R. 1091, Carried Interest Fairness Act of 2025, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities, all provisions S. 445, Carried Interest Fairness Act of 2025, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities, all provisions Low-Income Housing Tax Credit and Middle-Income Housing Tax Credit Workforce Housing Tax Credit: NMHC supports the establishment of a Workforce Housing Tax Credit to spur production of multifamily housing for households earning up to 100 percent of area median income. Low-Income Housing Tax Credit: We support increasing credit authority and reducing the bond financing test. We also support increasing the private-activity bond volume cap to increase the use of 4 percent Low-Income Housing Tax Credits S. 3436 (118th Congress), Workforce Housing Tax Credit Act, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, and for other purposes, all provisions. H.R. 6686 (118th Congress), Workforce Housing Tax Credit Act, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, and for other purposes, all provisions. H.R. 3238 (118th Congress), Affordable Housing Credit Improvement Act of 2023, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions, in particular provisions relating to increased tax credit authority and tax-exempt bond financing requirements. S. 1557 (118th Congress), Affordable Housing Credit Improvement Act of 2023, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions, in particular provisions relating to increased tax credit authority and tax-exempt bond financing requirements. Adaptive Reuse H.R. 2410, Revitalizing Downtowns and Main Streets Act, to amend the Internal Revenue Code of 1986 to provide an investment credit for converting non-residential buildings to affordable housing, all provisions. H.R. 9002 (118th Congress), Revitalizing Downtowns and Main Streets Act, to amend the Internal Revenue Code of 1986 to provide an investment credit for converting non-residential buildings to affordable housing, all provisions. S. 4693 (118th Congress), Revitalizing Downtowns and Main Streets Act, to amend the Internal Revenue Code of 1986 to provide an investment credit for converting non-residential buildings to affordable housing, all provisions. Opportunity Zones NMHC supports: Enabling States to recertify and/or redesignate Opportunity Zones to account for current economic realities and changes since Zones were originally designated; (2) Establishing new deferral deadlines so that taxpayers are incentivized to receive both a longer deferral period and the potential for a 10 percent or 15 percent basis increase with respect to reinvested capital gains; and (3) Reducing the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone purposes. H.R. 5761 (118th Congress), Opportunity Zones Transparency, Extension, and Improvement Act, to amend the Internal Revenue Code of 1986 to modify the rules relating to qualified opportunity zones, and for other purposes, all provisions Housing Preservation Draft legislative proposal, Housing Opportunities and Preservation Enhancement Act of 2025, to preserve aging affordable rental housing properties by creating tax incentives for individual investors that fund rehabilitation and preservation of existing affordable rental housing, all provisions. Brownfields H.R. 815, Brownfields Redevelopment Tax Incentive Reauthorization Act of 2025, to amend the Internal Revenue Code of 1986 to extend expensing of environmental remediation costs, all provisions. Role of Partnerships Promotion of partnerships as business entity. Tax Regulations Department of the Treasury and Internal Revenue Service, 26 CFR Part 1, TD 9992, RIN 1545-BQ36, Guidance on the Definition of Domestically Controlled Investment Entities. Department of the Treasury, Internal Revenue Service, 26 CFR Part 1, TD 10028, RIN 1545-BR07, Certain Partnership Related-Party Basis Adjustment Transactions as Transactions of Interest. Potential Congressional Review Act legislation to nullify Department of the Treasury, Internal Revenue Service, 26 CFR Part 1, TD 10028, RIN 1545-BR07, Certain Partnership Related-Party Basis Adjustment Transactions as Transactions of Interest. Income and rent limits under Internal Revenue Code Sections 42 and 142: Considered signing letter to request that Treasury and Internal Revenue Service issue guidance clarifying that: (1) the Housing and Economic Recovery Act of 2008 (HERA) income rules related to hold harmless start no later than allocation or low-income housing tax credit determination; (2) hold harmless and HERA Special incomes do not reset upon resyndication; and (3) hold harmless treatment would apply at the national non-metro amount for rural projects.
Government targets: Council of Economic Advisers (CEA), Energy, Dept of, Environmental Protection Agency (EPA), Federal Communications Commission (FCC), Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of Management & Budget (OMB), President of the U.S., SENATE, Securities & Exchange Commission (SEC), Vice President of the U.S.