SEMI Investment Act

H.R. 6055/S. 1642, Strengthening Essential Manufacturing and Industrial (SEMI) Investment Act Issues related to the implementation of the CHIPS and Science Act (P.L.117-167) advanced manufacturing investment credit (IRC section 48D). Issues related to solar manufacturing tax, the solar/semiconductor supply chain and manufacturing including implementation of the One Big Beautiful Bill Act (P.L.119-21). Issues related to international taxation of U.S. headquartered manufacturers, including U.S. and foreign taxation of FDDEI Income (IRC Section 250), and IRC Section 59A (BEAT).

Client expense: $360,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 33/S. 199, United States-Taiwan Expedited Double-Tax Relief Act H.R. 684, Protecting American Savers and Retirees Act H.R. 1177/S. 492, Improve and Enhance the Work Opportunity Tax Credit Act H.R. 1340/S. 3332, More Homes on the Market Act H.R. 2089/S. 1839, Generating Retirement Ownership through Long-Term Holding H.R. 2854/S. 1686, Neighborhood Homes Investment Act H.R. 2940/S. 4506, Advancing Water Reuse Act H.R. 6055/S. 1642, Strengthening Essential Manufacturing and Industrial (SEMI) Investment Act H.R. 7450/S. 3605, Disaster Zone Energy Affordability and Investment Act H.R. 8101/S. 4221, Ensuring Better Interest Treatment and Deductibility Act (EBITDA) H.R. 8624/S. 4463, Workforce Apprenticeship Growth and Education Support (WAGES) Act of 2026 H.R. 8714, Skill Savings Account Act of 2026 H.R. 8780/S. 5330, Critical Mineral and Extraction Tax Parity Act H.R. 9012/S. 5366, the Affordable Housing Credit Carryback Act S. 796, Book Minimum Tax Repeal Act S. 5441, Taxpayer Assistance and Service (TAS) Act H.R. Res. 1383, Commemorating the one-year anniversary of the enactment of the Working Families Tax Cuts Potential legislation to extend and expand the advanced manufacturing investment credit in section 48D of the Internal Revenue Code Potential legislation to address the federal income tax treatment of cryptocurrency and other digital asset transactions Proposed Rule, Department of the Treasury, Internal Revenue Service: Corporate Alternative Minimum Tax Applicable After 2022, (89 Fed. Reg. 75,062-75,243, September 13, 2024) (as corrected by 89 Fed. Reg. 104,909-104,915, December 26, 2024) Proposed Rule, Department of the Treasury, Internal Revenue Service: Allocation and Apportionment of Deductions to Foreign Source Section 951A Category Income and Deduction Eligible Income, (91 Fed. Reg. 57,832-57,841, September 11, 2026) Interim Guidance on Special Depreciation Allowance for Qualified Production Property, I.R.S. Notice 2026-16, 2026-11 I.R.B. 685 Various issues relating to implementation and administration of the major business and international tax provisions in the One Big Beautiful Bill Act (Pub. L. 119-21); implementation of the employer-provided child care credit in section 45F of the Internal Revenue Code, as amended by the One Big Beautiful Bill Act (Pub. L. 119-21); Department of the Treasurys approach to tax deregulation; implementation of the OECD-brokered side-by-side arrangement to exempt U.S.-headquartered companies from Pillar Twos Global Anti-Base Erosion (GLoBE) Rules; U.S. reengagement in a constructive dialogue on the taxation of the digital economy; Government of Belgiums consideration of a digital services tax; Polish Ministry of Digital Affairs draft legislation to introduce a 3% digital services tax; extraterritorial application of Australias new public country-by-country reporting (PCBCR) regime to U.S. companies; tax audit and enforcement practices of Mexicos Tax Administration Service (SAT) and Italys Milan Public Prosecutor (MPP); withdrawal or suspension of the Financial Accounting Standards Boards Accounting Standards Update 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures

Advanced Manufacturing Investment Credit (IRC Section 48D) issues H.R.6055/S.1642, SEMI Investment Act, Entirety H.R.9438, Supporting Knowledge through Industry-Led Learning Act (SKILL Act), Entirety H.R.8780, Critical Mineral and Extraction Tax Parity Act, Entirety Critical mineral supply, Tax related issues Monitor the following: H.R.33/S.199, A bill to amend the Internal Revenue Code of 1986 to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States, Entirety H.R.802, Semiconductor Technology Advancement and Research Act of 2025 (STAR Act of 2025), Entirety

Client expense: $450,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Office of Science & Technology Policy (OSTP), SENATE, State, Dept of (DOS), Treasury, Dept of

Monitor issues related to semiconductor manufacturing, including implementation of the CHIPS and Science Act (P.L. 117-167); S. 1642 and H.R. 6055 - Strengthening Essential Manufacturing and Industrial Investment Act (Monitor issues related to expansion and extension of Advanced Manufacturing Investment Credit (Section 107) within the CHIPS and Science Act (P.L. 117-167).

Client expense: $200,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office

HR 6055 and S.1642, SEMI Investment Act, (issues related to expansion and extension of Advanced Manufacturing Investment Credit); H.R. 8959 / S. 4750 - legislation to expand eligibility under 48D to include space-related applications.

Client expense: $200,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office

Compressed Gas Cylinder Safety and Oversight Improvement Act (H.R. 1182; S. 2320); semiconductor manufacturing supply chain; SEMI Investment Act (H.R. 6055; S. 1642); intellectual property rights to consensus safety standards; PRO CODES Act (H.R. 4072); tariffs on steel and aluminum gas cylinders.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

SEMI Act (S.1642, H.R.6055).

Client expense: $180,000 · Firm income: Not reported

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

Issues related to Section 48D of the Internal Revenue Code and Section 107 of the Chips and Science Act; S. 1642 and H.R. 6055 (Strengthening Essential Manufacturing and Industrial Investment Act).

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to Section 48D of the Internal Revenue Code and Section 107 of the Chips and Science Act; S. 1642 and H.R. 6055 - Strengthening Essential Manufacturing and Industrial Investment Act.

Client expense: Not reported · Firm income: $90,000

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

Compressed Gas Cylinder Safety and Oversight Improvement Act (H.R. 1182; S. 2320); semiconductor manufacturing supply chain; SEMI Investment Act (H.R. 6055; S. 1642); intellectual property rights to consensus safety standards; PRO CODES Act (H.R. 4072); tariffs on steel and aluminum gas cylinders.

Client expense: Not reported · Firm income: $90,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R.640 - Chemical Tax Repeal Act; H.R.6055 - SEMI Investment Act; H.R.8101 - Ensuring Better Interest Treatment and Deductibility Act (EBITDA); H.R.8477 - To amend the Internal Revenue Code of 1986 to reverse certain energy-related modifications enacted by Public Law 119-21 S.615 - Chemical Tax Repeal Act; S.1642 - SEMI Investment Act; S.4221 - Ensuring Better Interest Treatment and Deductibility Act (EBITDA); Draft legislation regarding energy affordability tax incentives; H.R. Reconciliation 3.0; S. Reconciliation 3.0.

Client expense: $2,570,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 33/S. 199, United States-Taiwan Expedited Double-Tax Relief Act H.R. 684, Protecting American Savers and Retirees Act H.R. 1177/S. 492, Improve and Enhance the Work Opportunity Tax Credit Act H.R. 1340/S. 3332, More Homes on the Market Act H.R. 2089/S. 1839, Generating Retirement Ownership through Long-Term Holding H.R. 2854/S. 1686, Neighborhood Homes Investment Act H.R. 2940/S. 4506, Advancing Water Reuse Act H.R. 6055/S. 1642, Strengthening Essential Manufacturing and Industrial (SEMI) Investment Act H.R. 7450/S. 3605, Disaster Zone Energy Affordability and Investment Act H.R. 8101/S. 4221, Ensuring Better Interest Treatment and Deductibility Act (EBITDA) H.R. 8624/S. 4463, Workforce Apprenticeship Growth and Education Support (WAGES) Act of 2026 H.R. 8714, Skill Savings Account Act of 2026 H.R. 8780, Critical Mineral and Extraction Tax Parity Act S. 796, Book Minimum Tax Repeal Act S. 1605, International Competition for American Jobs Act S. 3931, Taxpayer Assistance and Service (TAS) Act Potential legislation to extend and expand the advanced manufacturing investment credit in section 48D of the Internal Revenue Code Proposed Rule, Department of the Treasury, Internal Revenue Service: Corporate Alternative Minimum Tax Applicable After 2022, (89 Fed. Reg. 75,062-75,243, Sept. 13, 2024) (as corrected by 89 Fed. Reg. 104,909-104,915, Dec. 26, 2024) Proposed Rule, Department of the Treasury, Internal Revenue Service: Section 45Z Clean Fuel Production Credit, (91 Fed. Reg. 5,160-5,207, Feb. 4, 2026) Interim Guidance on Special Depreciation Allowance for Qualified Production Property, I.R.S. Notice 2026-16, 2026-11 I.R.B. 685 Recommendations for Items to be Included on the 2026-2027 Priority Guidance Plan, I.R.S. Notice 2026-23, 2026-15 I.R.B. 804 Various issues relating to implementation and administration of the major business and international tax provisions in the One Big Beautiful Bill Act (Pub. L. 119-21); Internal Revenue Code; clean fuel production credit section 45Z; implementation of the Inflation Reduction Act of 2022 (P. L. 117-169); Department of the Treasurys approach to tax deregulation; implementation of the OECD-brokered side-by-side arrangement to exempt U.S.-headquartered companies from Pillar Twos global minimum tax rules; Government of Belgiums consideration of a digital services tax; extraterritorial application of Australias new public country-by-country reporting (PCBCR) regime to U.S. companies; renewed multilateral dialogue on the taxation of the digital economy; withdrawal or suspension of the Financial Accounting Standards Boards Accounting Standards Update 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures; tax audit and enforcement practices of Mexicos Tax Administration Service (SAT) and Italys Milan Public Prosecutor (MPP)

H.R. 6055/S. 1642, Strengthening Essential Manufacturing and Industrial (SEMI) Investment Act Issues related to the implementation of the CHIPS and Science Act (P.L.117-167) advanced manufacturing investment credit (IRC section 48D). Issues related to solar manufacturing tax, the solar/semiconductor supply chain and manufacturing including implementation of the One Big Beautiful Bill Act (P.L.119-21). Issues related to international taxation of U.S. headquartered manufacturers, including U.S. and foreign taxation of FDDEI Income (IRC Section 250), and IRC Section 59A (BEAT).

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Advanced Manufacturing Investment Credit (IRC Section 48D) issues Pillar 2 global minimum tax issues H.R.33/S.199, A bill to amend the Internal Revenue Code of 1986 to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States, Entirety H.R.802, Semiconductor Technology Advancement and Research Act of 2025 (STAR Act of 2025), Entirety H.R.6055/S.1642, SEMI Investment Act, Entirety H.R.9438, Supporting Knowledge through Industry-Led Learning Act (SKILL Act), Entirety H.R.8780, Critical Mineral and Extraction Tax Parity Act, Entirety Critical mineral supply, Tax related issues

Client expense: $470,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Defense, Dept of (DOD), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Natl Security Council (NSC), Office of Science & Technology Policy (OSTP), SENATE, Treasury, Dept of

SEMI Act (S.1642, H.R.6055)

Client expense: $150,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, Office of Science & Technology Policy (OSTP), SENATE

Policy issues related to the extension of the advanced manufacturing investment credit (IRC section 48D) and direct payment of the credit; tax policy issues related to incentivizing semiconductor manufacturing, research and development, and design activities. All sections of the United States-Taiwan Expedited Double-Tax Relief Act (S. 199 and H.R. 33), Semiconductor Technology Advancement and Research (STAR) Act (H.R. 802), SEMI Investment Act (H.R. 6055 /S. 1642), and BASIC Act (H.R. 3204).

Client expense: $460,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Monitor the following: Public Law 119-167, CHIPS and Science Act, Implementation related issues; and Advanced Manufacturing Investment Credit (AMIC) issues H.R.6055/S.1642, SEMI Investment Act, Entirety H.R.802, Semiconductor Technology Advancement and Research Act of 2025 (STAR Act of 2025), Entirety

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

HR 6055 and S.1642, SEMI Investment Act, (issues related to expansion and extension of Advanced Manufacturing Investment Credit).

Client expense: $170,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office

Monitor issues related to semiconductor manufacturing, including implementation of the CHIPS and Science Act (P.L. 117-167); S. 3301 and HR 6207 Chip Equipment Quality, Usefulness, and Integrity Protection Act of 2025 (monitor issues related to required purchases of semiconductor inputs); S. 1642 and H.R. 6055 - Strengthening Essential Manufacturing and Industrial Investment Act (Monitor issues related to expansion and extension of Advanced Manufacturing Investment Credit (Section 107) within the CHIPS and Science Act (P.L. 117-167).

Client expense: $170,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, White House Office

H.R. 33/S. 199, United States-Taiwan Expedited Double-Tax Relief Act H.R. 684, Protecting American Savers and Retirees Act H.R. 703/S. 213, Main Street Tax Certainty Act H.R. 1177/S. 492, Improve and Enhance the Work Opportunity Tax Credit Act H.R. 2089/S. 1839, Generating Retirement Ownership through Long-Term Holding H.R. 2940, Advancing Water Reuse Act H.R. 6055/S. 1642, Strengthening Essential Manufacturing and Industrial (SEMI) Investment Act H.R. 6956/S. 452, BARCODE Efficiency Act H.R. 7450/S. 3605, Disaster Zone Energy Affordability and Investment Act H.R. 8101/S. 4221, Ensuring Better Interest Treatment and Deductibility Act (EBITDA) S. 796, Book Minimum Tax Repeal Act S. 1605, International Competition for American Jobs Act S. 4071, Child Care Tax Benefit Outreach and Assistance Act H.J. Res. 142/S.J. Res. 102, Disapproving the action of the District of Columbia Council in approving the D.C. Income and Franchise Tax Conformity and Revision Temporary Amendment Act of 2025 Proposed Rule, Department of the Treasury, Internal Revenue Service: Corporate Alternative Minimum Tax Applicable After 2022, (89 Fed. Reg. 75,062-75,243, Sept. 13, 2024) (as corrected by 89 Fed. Reg. 104,909-104,915, Dec. 26, 2024) Various issues relating to potential modifications to the gasoline tax, including waiving or temporary suspension; implementation and administration of the major business and international tax provisions in the One Big Beautiful Bill Act (P.L. 119-21); implementation of the Corporate Transparency Act (CTA) under the National Defense Authorization Act for Fiscal Year 2021; Digital Services Taxes (DSTs); implementation of the One Big Beautiful Bill Act, (P.L. 119-21); implementation of Disapproving the action of the District of Columbia Council in approving the D.C. Income and Franchise Tax Conformity and Revision Temporary Amendment Act of 2025 (P.L. 119-78); implementation of the OECD-brokered side-by-side arrangement to exempt U.S.-headquartered companies from Pillar Twos global minimum tax rules; Undertaxed Profit Rule (UTPR) established by Council Directive (EU) 2022/2523 of December 14, 2022; Polish Ministry of Digital Affairs proposal to adopt a discriminatory 3% digital services tax (DST) on select sectors of the digital economy; the extraterritorial application of Australias new public country-by-country reporting (PCBCR) regime to U.S. companies; renewed multilateral dialogue on the taxation of the digital economy; addressing the tax audit and enforcement practices of Mexicos Tax Administration Service (SAT) and Italys Milan Public Prosecutor (MPP); Financial Accounting Standards Board (FASB), Accounting Standards Update 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures

Issues related to Section 48D of the Internal Revenue Code and Section 107 of the Chips and Science Act; S. 1642 and H.R. 6055 - Strengthening Essential Manufacturing and Industrial Investment Act.

Client expense: Not reported · Firm income: $80,000

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

Issues related to Section 48D of the Internal Revenue Code and Section 107 of the Chips and Science Act; S. 1642 and H.R. 6055 (Strengthening Essential Manufacturing and Industrial Investment Act).

Client expense: Not reported · Firm income: $110,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Compressed Gas Cylinder Safety and Oversight Improvement Act (H.R. 1182; S. 2320); semiconductor manufacturing supply chain; SEMI Investment Act (H.R. 6055; S. 1642); intellectual property rights to consensus safety standards; PRO CODES Act (H.R. 4072); tariffs on steel and aluminum gas cylinders.

Client expense: Not reported · Firm income: $90,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 33/S. 199, United States-Taiwan Expedited Double-Tax Relief Act H.R. 684, Protecting American Savers and Retirees Act H.R. 703/S. 213, Main Street Tax Certainty Act H.R. 1177/S. 492, Improve and Enhance the Work Opportunity Tax Credit Act H.R. 2089/S. 1839, Generating Retirement Ownership through Long-Term Holding H.R. 2940, Advancing Water Reuse Act H.R. 6055/S. 1642, Strengthening Essential Manufacturing and Industrial (SEMI) Investment Act H.R. 6956/S. 452, BARCODE Efficiency Act H.R. 7450/S. 3605, Disaster Zone Energy Affordability and Investment Act H.R. 8101/S. 4221, Ensuring Better Interest Treatment and Deductibility Act (EBITDA) S. 796, Book Minimum Tax Repeal Act S. 1605, International Competition for American Jobs Act S. 4071, Child Care Tax Benefit Outreach and Assistance Act H.J. Res. 142/S.J. Res. 102, Disapproving the action of the District of Columbia Council in approving the D.C. Income and Franchise Tax Conformity and Revision Temporary Amendment Act of 2025 Proposed Rule, Department of the Treasury, Internal Revenue Service: Corporate Alternative Minimum Tax Applicable After 2022, (89 Fed. Reg. 75,062-75,243, Sept. 13, 2024) (as corrected by 89 Fed. Reg. 104,909-104,915, Dec. 26, 2024) Various issues relating to potential modifications to the gasoline tax, including waiving or temporary suspension; implementation and administration of the major business and international tax provisions in the One Big Beautiful Bill Act (P.L. 119-21); implementation of the Corporate Transparency Act (CTA) under the National Defense Authorization Act for Fiscal Year 2021; Digital Services Taxes (DSTs); implementation of the One Big Beautiful Bill Act, (P.L. 119-21); implementation of Disapproving the action of the District of Columbia Council in approving the D.C. Income and Franchise Tax Conformity and Revision Temporary Amendment Act of 2025 (P.L. 119-78); implementation of the OECD-brokered side-by-side arrangement to exempt U.S.-headquartered companies from Pillar Twos global minimum tax rules; Undertaxed Profit Rule (UTPR) established by Council Directive (EU) 2022/2523 of December 14, 2022; Polish Ministry of Digital Affairs proposal to adopt a discriminatory 3% digital services tax (DST) on select sectors of the digital economy; the extraterritorial application of Australias new public country-by-country reporting (PCBCR) regime to U.S. companies; renewed multilateral dialogue on the taxation of the digital economy; addressing the tax audit and enforcement practices of Mexicos Tax Administration Service (SAT) and Italys Milan Public Prosecutor (MPP); Financial Accounting Standards Board (FASB), Accounting Standards Update 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures

Advanced Manufacturing Investment Credit (IRC Section 48D) issues Pillar 2 global minimum tax issues H.R.33/S.199, A bill to amend the Internal Revenue Code of 1986 to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States, Entirety H.R.802, Semiconductor Technology Advancement and Research Act of 2025 (STAR Act of 2025), Entirety H.R.6055/S.1642, SEMI Investment Act, Entirety

Client expense: $450,000 · Firm income: Not reported

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

SEMI Act (S.1642, H.R.6055)

Client expense: $240,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 6055/S. 1642, Strengthening Essential Manufacturing and Industrial (SEMI) Investment Act Issues related to international taxation of U.S. headquartered manufacturers. Issues related to solar manufacturing tax, the solar/semiconductor supply chain and manufacturing including implementation of the One Big Beautiful Bill Act (P.L.119-21). Issues related to the implementation of the CHIPS and Science Act (P.L.117-167) advanced manufacturing investment credit (IRC section 48D).

Client expense: $740,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R.640 - Chemical Tax Repeal Act; H.R.8101 - Ensuring Better Interest Treatment and Deductibility Act (EBITDA); H.R.6055 - SEMI Investment Act; S.615 - Chemical Tax Repeal Act; S.1642 - SEMI Investment Act; S.4221 - Ensuring Better Interest Treatment and Deductibility Act (EBITDA).

Client expense: $3,760,000 · Firm income: Not reported

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

Monitor issues related to semiconductor manufacturing, including implementation of the CHIPS and Science Act (P.L. 117-167); S. 3301 and HR 6207 Chip Equipment Quality, Usefulness, and Integrity Protection Act of 2025 (monitor issues related to required purchases of semiconductor inputs); S. 1642 and H.R. 6055 - Strengthening Essential Manufacturing and Industrial Investment Act (Monitor issues related to expansion and extension of Advanced Manufacturing Investment Credit (Section 107) within the CHIPS and Science Act (P.L. 117-167).

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

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, White House Office

HR 6055 and S.1642, SEMI Investment Act, (issues related to expansion and extension of Advanced Manufacturing Investment Credit); Monitor issues related to Inflation Reduction Act Advanced Manufacturing tax credit for battery materials (45X).

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

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office

Public Law 119-167, CHIPS and Science Act, Implementation related issues; and Advanced Manufacturing Investment Credit (AMIC) issues H.R.6055/S.1642, SEMI Investment Act, Entirety H.R.802, Semiconductor Technology Advancement and Research Act of 2025 (STAR Act of 2025), Entirety

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Policy issues related to the extension of the advanced manufacturing investment credit (IRC section 48D) and direct payment of the credit; tax policy issues related to incentivizing semiconductor manufacturing, research and development, and design activities. All sections of the United States-Taiwan Expedited Double-Tax Relief Act (S. 199 and H.R. 33); Semiconductor Technology Advancement and Research (STAR) Act (H.R. 802); SEMI Investment Act (H.R. 6055 /S. 1642).

Client expense: $450,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to Section 48D of the Internal Revenue Code and Section 107 of the Chips and Science Act; S. 1642 and H.R. 6055 (Strengthening Essential Manufacturing and Industrial Investment Act).

Client expense: Not reported · Firm income: $80,000

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

Issues related to regulatory implementation of the clean technology tax credits enacted by H.R. 1, the One Big Beautiful Bill Act (Public Law 119-21); issues related to Section 48D of the Internal Revenue Code and Section 107 of the Chips and Science Act; S. 1642 and H.R. 6055 (Strengthening Essential Manufacturing and Industrial Investment Act).

Client expense: Not reported · Firm income: $80,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to Section 48D of the Internal Revenue Code and Section 107 of the Chips and Science Act; S. 1642 and H.R. 6055 (Strengthening Essential Manufacturing and Industrial Investment Act).

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Policy issues related to the implementation of the CHIPS and Science Act (P.L.117-167) advanced manufacturing investment credit (IRC section 48D); tax policy issues related to incentivizing semiconductor manufacturing, research and development, and design activities, United States-Taiwan Expedited Double-Tax Relief Act (S. 199 and H.R. 33). Semiconductor Technology Advancement and Research (STAR) Act (H.R. 802). SEMI Investment Act (H.R. 6055 /S. 1642). Implementation of the One Big Beautiful Bill Act (P.L. 119-21) pertaining to an increase in the rate of the advanced manufacturing investment credit and matters related to, IRC section 174 expensing.

Client expense: $424,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R.640 - Chemical Tax Repeal Act; H.R.6055 - SEMI Investment Act; S.615 - Chemical Tax Repeal Act; S.1642 - SEMI Investment Act.

Client expense: $6,800,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Policy issues related to the implementation of the CHIPS and Science Act (P.L.117-167) advanced manufacturing investment credit (IRC section 48D); tax policy issues related to incentivizing semiconductor manufacturing, research and development, and design activities, United States-Taiwan Expedited Double-Tax Relief Act (S. 199 and H.R. 33). Semiconductor Technology Advancement and Research (STAR) Act (H.R. 802). SEMI Investment Act (H.R. 6055 /S. 1642). Implementation of the One Big Beautiful Bill Act (P.L. 119-21) pertaining to an increase in the rate of the advanced manufacturing investment credit and matters related to, IRC section 174 expensing.

Client expense: $420,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 33/S. 199, United States-Taiwan Expedited Double-Tax Relief Act H.R. 574/S. 187, Accelerate Long-term Investment Growth Now (ALIGN) Act H.R. 684, Protecting American Savers and Retirees Act H.R. 703/S. 213, Main Street Tax Certainty Act H.R. 1062, Growing and Preserving Innovation in America Act of 2025 H.R. 1177/S. 492, Improve and Enhance the Work Opportunity Tax Credit Act H.R. 1199/S. 695, Small Business Investment Act of 2025 H.R. 1301/S. 587, Death Tax Repeal Act H.R. 1347/S. 559, American Investment in Manufacturing and Main Street (AIMM) Act H.R. 1801/S. 772, Employer Participation in Repayment Act H.R. 1827/S. 847, Child Care Availability and Affordability Act H.R. 1990, American Innovation and R&D Competitiveness Act of 2025 H.R. 2089/S. 1839, Generating Retirement Ownership through Long-Term Holding H.R. 2777/S. 1371, S-CAP Act of 2025 H.R. 6055/S. 1642, Strengthening Essential Manufacturing and Industrial (SEMI) Investment Act H.R. 6231/S. 5370, Improve and Enhance the Work Opportunity Tax Credit Act H.R. 6506, Taxpayer Due Process Enhancement Act S. 615, Chemical Tax Repeal Act S. 796, Book Minimum Repeal Tax S. 1443, Mobile Workforce State Income Tax Simplification Act of 2025 S. 1605, International Competition for American Jobs Act S. 1642, Strengthening Essential Manufacturing and Industrial (SEMI) Investment Act H.J.Res. 65, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to Rules for Supervisory Approval of Penalties Draft legislation titled Child Care Tax Benefit Outreach and Assistance Act Proposed Rule, Department of the Treasury, Internal Revenue Service: Excise Tax on Repurchase of Corporate Stock (89 Fed. Reg. 25,980, April 12, 2024) Final Rule, Department of the Treasury, Internal Revenue Service: Guidance Related to the Foreign Tax Credit; Clarification of Foreign-Derived Intangible Income, T.D. 9959, (87 Fed. Reg. 276, January 4, 2022) as corrected by (87 Fed. Reg. 45,018-45,021, July 27, 2022) Proposed Rule, Department of the Treasury, Internal Revenue Service: Corporate Alternative Minimum Tax Applicable After 2022, (89 Fed. Reg. 75,062-75,243, September 13, 2024)(as corrected by 89 Fed. Reg. 104,909, December 26, 2024) Final Rule, Department of the Treasury, Internal Revenue Service: Rules Regarding Certain Disregarded Payments and Dual Consolidated Losses, T.D. 10026, (90 Fed. Reg. 3,003-3,021, January 14, 2025) Various issues relating to conversion of future 401(k) or Individual Retirement Account (IRA) contributions to Roth accounts; work opportunity tax credit; 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 major tax and energy security provisions of the Inflation Reduction Act, (P.L. 117-169); implementation and administration of the major business and international tax provisions in the One Big Beautiful Bill Act (Pub. L. No. 119-21); IRS guidance related to the Foreign Tax Credit and the Arms Length Requirement; implementation of the Child and Dependent Care Tax Credit (CDCTC), the Dependent Care Assistance Program (DCAP), and the Employer Provided Child Care Tax Credit (45F); IRS Notice 2023-64 on Corporate Alternative Minimum Tax Implementation; implementation of the Corporate Transparency Act (CTA) under the National Defense Authorization Act for Fiscal Year 2021; Digital Services Taxes (DSTs); expansion of the list of preventive care benefits that may be provided by a high-deductible health plan (HDHP); potential efforts to increase income tax rates; reinstatement of the earnings before interest, tax, depreciation, and amortization (EBITDA) standard for business interest deductions; implementation of the One Big Beautiful Bill Act, (P.L. 119-21); potential U.S. legislative and administrative responses to the OECD/G20 Inclusive Framework on Base Erosion and Profit Shiftings two-pillar solution to address the tax challenges arising from the digitalization of the economy; advancing the proposed side-by-side solution described in the G7 Statement on Global Minimum Taxes of June 28, 2025; withdrawal or suspension of the Financial Accounting Standards Boards Accounting Standards Update 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures; opposing the extraterritorial application of Australias new public country-by-country reporting (PCBCR) regime to U.S. companies; tax enforcement practices of Mexicos Tax Administration Service; Financial Accounting Standards Board (FASB), Accounting Standards Update 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures

H.R.6055 - Strengthening Essential Manufacturing and Industrial Investment Act

Client expense: $80,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES

Compressed Gas Cylinder Safety and Oversight Improvement Act (H.R. 1182; S. 2320); semiconductor manufacturing supply chain; SEMI Investment Act (S. 1642, H.R. 6055); intellectual property rights to consensus safety standards; PRO CODES Act (H.R. 4072); tariffs on steel and aluminum gas cylinders.

Client expense: Not reported · Firm income: $90,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE