Loading…
Recognizing the importance of stepped-up basis under section 1014 of the Internal Revenue Code of 1986 in preserving family-owned farms and small businesses.
Legislative Progress
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
78pct
2d open
vs 1,627 other HRES bills in the 118th — cohort avg 7d
This resolution supports the preservation of the stepped-up basis tax rule that allows recipients of inherited assets such as land, equipment, or buildings to adjust the cost basis of the assets to reflect their fair market value. The resolution opposes any efforts to impose new taxes on family farms or small businesses and recognizes the importance of generational transfers of farm and family-owned businesses.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (1)
2024 · fourth_quarter · Taxation/Internal Revenue Code
Issues related to LIFO accounting. H.R. 7035, S. 1108- Death Tax Repeal Act. Issues related to permanent estate tax relief. S. 1706, H.R. 4721-Main Street Tax Certainty Act. Issues related to the permanence of the 20% deduction for S. Corporations. Section 179 business expensing; bonus depreciation allowances. H.R. 2406/S. 1117 Accelerating Long-term Investment Growth Now Act H.R.2555 - SALT Deductibility Act; issues related to the ability of pass through businesses to fully deduct state and local taxes. H. Res. 237; Issues related to the ability to use stepped-up basis. H.R.4073, S. 1781-to amend the Harmonized Tariff Schedule of the United States to provide a uniform 8-digit subheading number for all whiskies. Issues related to the tax differentiation between beer, wine and liquor. H.R. 6833-the Improve and Enhance the Work Opportunity Tax Credit Act. H.R. 7024, The Tax Relief for American Workers and Families Act; Sec. 202. Extension of allowance for depreciation, amortization, or depletion in determining the limitation on business interest. Sec. 203. Extension of 100 percent bonus depreciation; Sec. 204. Increase in limitations on expensing of depreciable business assets. H.R. 7577, The Creating Hospitality Economic Enhancement for Restaurants and Servers (CHEERS) Act.
Sponsor introductory remarks on measure. (CR H1332)
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $470,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2024 · third_quarter · Taxation/Internal Revenue Code
Issues related to LIFO accounting. H.R. 7035, S. 1108- Death Tax Repeal Act. Issues related to permanent estate tax relief. S. 1706, H.R. 4721-Main Street Tax Certainty Act. Issues related to the permanence of the 20% deduction for S. Corporations. Section 179 business expensing; bonus depreciation allowances. H.R. 2406/S. 1117 Accelerating Long-term Investment Growth Now Act H.R.2555 - SALT Deductibility Act; issues related to the ability of pass through businesses to fully deduct state and local taxes. H. Res. 237; Issues related to the ability to use stepped-up basis. H.R.4073, S. 1781-to amend the Harmonized Tariff Schedule of the United States to provide a uniform 8-digit subheading number for all whiskies. Issues related to the tax differentiation between beer, wine and liquor. H.R. 6833-the Improve and Enhance the Work Opportunity Tax Credit Act. H.R. 7024, The Tax Relief for American Workers and Families Act; Sec. 202. Extension of allowance for depreciation, amortization, or depletion in determining the limitation on business interest. Sec. 203. Extension of 100 percent bonus depreciation; Sec. 204. Increase in limitations on expensing of depreciable business assets. H.R. 7577, The Creating Hospitality Economic Enhancement for Restaurants and Servers (CHEERS) Act.
Client expense: $290,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2024 · second_quarter · Taxation/Internal Revenue Code
Issues related to LIFO accounting. S. 1108- Death Tax Repeal Act of 2023. Issues related to permanent estate tax relief. S. 1706, H.R. 4721-Main Street Tax Certainty Act. Issues related to the permanence of the 20% deduction for S. Corporations. Section 179 business expensing; bonus depreciation allowances. H.R. 2406/S. 1117 Accelerating Long-term Investment Growth Now Act H.R.2555 - SALT Deductibility Act; issues related to the ability of pass through businesses to fully deduct state and local taxes. H. Res. 237; Issues related to the ability to use stepped-up basis. H.R.4073, S. 1781-to amend the Harmonized Tariff Schedule of the United States to provide a uniform 8-digit subheading number for all whiskies. Issues related to the tax differentiation between beer, wine and liquor. H.R. 6833-the Improve and Enhance the Work Opportunity Tax Credit Act. H.R. 7024, The Tax Relief for American Workers and Families Act; Sec. 203. Extension of 100 percent bonus depreciation; Sec. 204. Increase in limitations on expensing of depreciable business assets. H.R. 7577, The Creating Hospitality Economic Enhancement for Restaurants and Servers (CHEERS) Act.
Client expense: $590,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2024 · first_quarter · Taxation/Internal Revenue Code
Issues related to LIFO accounting. S. 1108- Death Tax Repeal Act of 2023. Issues related to permanent estate tax relief. S. 1706, H.R. 4721-Main Street Tax Certainty Act. Issues related to the permanence of the 20% deduction for S. Corporations. Section 179 business expensing; bonus depreciation allowances. H.R. 2406/S. 1117 Accelerating Long-term Investment Growth Now Act H.R.2555 - SALT Deductibility Act; issues related to the ability of pass through businesses to fully deduct state and local taxes. H. Res. 237; Issues related to the ability to use stepped-up basis. H.R.4073, S. 1781-to amend the Harmonized Tariff Schedule of the United States to provide a uniform 8-digit subheading number for all whiskies. Issues related to the tax differentiation between beer, wine and liquor. H.R. 6833-the Improve and Enhance the Work Opportunity Tax Credit Act. H.R. 7024, The Tax Relief for American Workers and Families Act; Sec. 203. Extension of 100 percent bonus depreciation; Sec. 204. Increase in limitations on expensing of depreciable business assets. H.R. 7577, The Creating Hospitality Economic Enhancement for Restaurants and Servers (CHEERS) Act.
Client expense: $330,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2023 · fourth_quarter · Taxation/Internal Revenue Code
Issues related to LIFO accounting. S. 1108- Death Tax Repeal Act of 2023. Issues related to permanent estate tax relief. S. 1706, H.R. 4721-Main Street Tax Certainty Act. Issues related to the permanence of the 20% deduction for S. Corporations. Section 179 business expensing; bonus depreciation allowances. H.R. 2406/S. 1117 Accelerating Long-term Investment Growth Now Act H.R.2555 - SALT Deductibility Act; issues related to the ability of pass through businesses to fully deduct state and local taxes. H. Res. 237; Issues related to the ability to use stepped-up basis. H.R.4073, S. 1781-to amend the Harmonized Tariff Schedule of the United States to provide a uniform 8-digit subheading number for all whiskies. Issues related to the tax differentiation between beer, wine and liquor. H.R. 3938-Build It in America Act; Sec. 103: Extends 100-percent bonus depreciation for qualified property placed in service after December 31, 2022, and before January 1, 2026, while retaining 20-percent bonus depreciation for property placed in service after December 31, 2025. H.R. 6833-the Improve and Enhance the Work Opportunity Tax Credit Act.
Client expense: $250,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2023 · third_quarter · Taxation/Internal Revenue Code
Issues related to LIFO accounting. S. 1108- Death Tax Repeal Act of 2023. Issues related to permanent estate tax relief. S. 1706, H.R. 4721-Main Street Tax Certainty Act. Issues related to the permanence of the 20% deduction for S. Corporations. Section 179 business expensing; bonus depreciation allowances. H.R. 2406/S. 1117 Accelerating Long-term Investment Growth Now Act H.R.2555 - SALT Deductibility Act; issues related to the ability of pass through businesses to fully deduct state and local taxes. H. Res. 237; Issues related to the ability to use stepped-up basis. H.R.4073, S. 1781-to amend the Harmonized Tariff Schedule of the United States to provide a uniform 8-digit subheading number for all whiskies. Issues related to the tax differentiation between beer, wine and liquor. H.R. 3938-Build It in America Act; Sec. 103: Extends 100-percent bonus depreciation for qualified property placed in service after December 31, 2022, and before January 1, 2026, while retaining 20-percent bonus depreciation for property placed in service after December 31, 2025.
Client expense: $240,000 · Firm income: Not reported
2023 · second_quarter · Taxation/Internal Revenue Code
Issues related to LIFO accounting. S. 1108- Death Tax Repeal Act of 2023. Issues related to permanent estate tax relief. S. 1706-Main Street Tax Certainty Act Issues related to the permanence of the 20% deduction for S. Corporations. Section 179 business expensing; bonus depreciation allowances. H.R. 2406/S. 1117 Accelerating Long-term Investment Growth Now Act H.R.2555 - SALT Deductibility Act; issues related to the ability of pass through businesses to fully deduct state and local taxes. H. Res. 237; Issues related to the ability to use stepped-up basis. H.R.4073, S. 1781-to amend the Harmonized Tariff Schedule of the United States to provide a uniform 8-digit subheading number for all whiskies. Issues related to the tax differentiation between beer, wine and liquor. H.R. 3938-Build It in America Act; Sec. 103: Extends 100-percent bonus depreciation for qualified property placed in service after December 31, 2022, and before January 1, 2026, while retaining 20-percent bonus depreciation for property placed in service after December 31, 2025.
Client expense: $500,000 · Firm income: Not reported
2023 · first_quarter · Taxation/Internal Revenue Code
Issues related to LIFO accounting. S. 1108- Death Tax Repeal Act of 2023. Issues related to permanent estate tax relief. Issues related to the permanence of the 20% deduction for S. Corporations. Section 179 business expensing; bonus depreciation allowances. H.R. 2406/S. 1117 Accelerating Long-term Investment Growth Now Act H.R.2555 - SALT Deductibility Act; issues related to the ability of pass through businesses to fully deduct state and local taxes. H. Res. 237; Issues related to the ability to use stepped-up basis. Issues related to the tax differentiation between beer, wine and liquor.
Client expense: $270,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
| Republican |
| MO |
| Ashley Hinson | Republican | IA |
| Austin Scott | Republican | GA |
| Barry Moore | Republican | AL |
| Ben Cline | Republican | VA |
| Bill Johnson | Republican | OH |
| Blake D. Moore | Republican | UT |
| Bob Good | Republican | VA |
| Brad Finstad | Republican | MN |
| Brad R. Wenstrup | Republican | OH |
| Bryan Steil | Republican | WI |
| Carol D. Miller | Republican | WV |
| Claudia Tenney | Republican | NY |
| Clay Higgins | Republican | LA |
| Dan Newhouse | Republican | WA |
| Daniel Meuser | Republican | PA |
| Darin LaHood | Republican | IL |
| David Kustoff | Republican | TN |
| Derrick Van Orden | Republican | WI |
| Diana Harshbarger | Republican | TN |
| Don Bacon | Republican | NE |
| Doug LaMalfa | Republican | CA |
| Dusty Johnson | Republican | SD |
| Elise M. Stefanik | Republican | NY |
| Eric A. "Rick" Crawford | Republican | AR |
| Frank D. Lucas | Republican | OK |
| Glenn Thompson | Republican | PA |
| Gregory F. Murphy | Republican | NC |
| Guy Reschenthaler | Republican | PA |
| Jack Bergman | Republican | MI |
| Jake Ellzey | Republican | TX |
| Jake LaTurner | Republican | KS |
| James R. Baird | Republican | IN |
| Jeff Duncan | Republican | SC |
| Jim Costa | Democratic | CA |
| Jimmy Panetta | Democratic | CA |
| John R. Moolenaar | Republican | MI |
| John S. Duarte | Republican | CA |
| John W. Rose | Republican | TN |
| Kat Cammack | Republican | FL |
| Larry Bucshon | Republican | IN |
| Lisa C. McClain | Republican | MI |
| Mariannette Miller-Meeks | Republican | IA |
| Mark Alford | Republican | MO |
| Mark E. Green | Republican | TN |
| Mary E. Miller | Republican | IL |
| Matthew M. Rosendale, Sr. | Republican | MT |
| Max L. Miller | Republican | OH |
| Michael Cloud | Republican | TX |
| Michael Guest | Republican | MS |
| Michael Lawler | Republican | NY |
| Michelle Fischbach | Republican | MN |
| Michelle Steel | Republican | CA |
| Mike Bost | Republican | IL |
| Mike Carey | Republican | OH |
| Mike Johnson | Republican | LA |
| Mike Kelly | Republican | PA |
| Pete Sessions | Republican | TX |
| Ralph Norman | Republican | SC |
| Randy Feenstra | Republican | IA |
| Robert E. Latta | Republican | OH |
| Robert J. Wittman | Republican | VA |
| Ronny Jackson | Republican | TX |
| Russ Fulcher | Republican | ID |
| Russell Fry | Republican | SC |
| Sam Graves | Republican | MO |
| Scott DesJarlais | Republican | TN |
| Scott Franklin | Republican | FL |
| Sheila Jackson Lee | Democratic | TX |
| Stephanie I. Bice | Republican | OK |
| Trent Kelly | Republican | MS |
| Troy Balderson | Republican | OH |
| Victoria Spartz | Republican | IN |
| W. Gregory Steube | Republican | FL |
| Warren Davidson | Republican | OH |
| Zachary Nunn | Republican | IA |
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Government targets: HOUSE OF REPRESENTATIVES, SENATE