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Depreciation Fairness Act of 2015
Legislative Progress
Introduced
February 5, 2015
Latest Action
February 5, 2015
Primary Sponsor
Robert P. Casey, Jr.Democratic(PA)
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
0pct
0d open
vs 3,548 other S bills in the 114th — cohort avg 43d
Depreciation Fairness Act of 2015 This bill amends the Internal Revenue Code to make permanent the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property for purposes of the tax deduction for depreciation.
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Filing registrants (13)
Read twice and referred to the Committee on Finance.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
2016 · first_quarter · Taxation/Internal Revenue Code
H.R. 765, To amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property H.R. 855, To amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes H.R. 1001, To amend the Internal Revenue Code of 1986 to terminate certain energy tax subsidies and lower the corporate income tax rate H.R. 1142, To amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program H.R. 3110, National Disaster Tax Relief Act of 2015 S. 394, A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property S. 591, New Markets Tax Credit Extension Act of 2015 S. 1193, A bill to amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program S. 1795, National Disaster Tax Relief Act
Client expense: $22,123 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · second_quarter · Taxation/Internal Revenue Code
H.R. 855, To amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes H.R. 1001, To amend the Internal Revenue Code of 1986 to terminate certain energy tax subsidies and lower the corporate income tax rate H.R. 1142, To amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program S. 394, A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property S. 591, New Markets Tax Credit Extension Act of 2015
Client expense: $59,236 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 765, To amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property. H.R. 855, To amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes. H.R. 1001, To amend the Internal Revenue Code of 1986 to terminate certain energy tax subsidies and lower the corporate income tax rate. H.R. 1142, To amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program. H.R. 3110, National Disaster Tax Relief Act of 2015 S. 394, A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property. S. 591, New Markets Tax Credit Extension Act of 2015 S.1795, National Disaster Tax Relief Act of 2015 S. 2962, Affordable Housing Credit Improvement Act of 2016 S. 3237, Affordable Housing Credit Improvement Act of 2016
Client expense: $135,188 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Taxation/Internal Revenue Code
H.R. 765, To amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property. H.R. 855, To amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes H.R. 1001, To amend the Internal Revenue Code of 1986 to terminate certain energy tax subsidies and lower the corporate income tax rate H.R. 1142, To amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program H.R. 3110, National Disaster Tax Relief Act of 2015 S. 394, A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property S. 591, New Markets Tax Credit Extension Act of 2015 S.1795, National Disaster Tax Relief Act of 2015 S. 2962, Affordable Housing Credit Improvement Act of 2016
Client expense: $137,712 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Taxation/Internal Revenue Code
S. 394, Depreciation Fairness Act of 2015, making permanent the 15-year recovery period for qualified restaurant property; Work Opportunity Tax Credit Program; International tax reform proposals and comprehensive and individual tax reform proposals.
Client expense: $540,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Federal Trade Commission (FTC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), SENATE, White House Office
| Democratic |
| MI |
| James E. Risch | Republican | ID |
| James M. Inhofe | Republican | OK |
| John Cornyn | Republican | TX |
| Johnny Isakson | Republican | GA |
| Mike Crapo | Republican | ID |
| Pat Roberts | Republican | KS |
| Richard Burr | Republican | NC |
| Robert Menendez | Democratic | NJ |
| Roger F. Wicker | Republican | MS |
| Sherrod Brown | Democratic | OH |
| Susan M. Collins | Republican | ME |
2016 · second_quarter · Taxation/Internal Revenue Code
H.R. 855, To amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes H.R. 1001, To amend the Internal Revenue Code of 1986 to terminate certain energy tax subsidies and lower the corporate income tax rate H.R. 1142, To amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program S. 394, A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property S. 591, New Markets Tax Credit Extension Act of 2015
Client expense: $59,236 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · second_quarter · Taxation/Internal Revenue Code
H.R. 855, To amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes H.R. 1001, To amend the Internal Revenue Code of 1986 to terminate certain energy tax subsidies and lower the corporate income tax rate H.R. 1142, To amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program S. 394, A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property S. 591, New Markets Tax Credit Extension Act of 2015
Client expense: $59,236 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · second_quarter · Taxation/Internal Revenue Code
S. 394, Depreciation Fairness Act of 2015, making permanent the 15-year recovery period for qualified restaurant property; Work Opportunity Tax Credit Program; International tax reform proposals and comprehensive and individual tax reform proposals.
Client expense: $590,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Federal Trade Commission (FTC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), SENATE, White House Office
2016 · first_quarter · Taxation/Internal Revenue Code
S. 394, Depreciation Fairness Act of 2015, making permanent the 15-year recovery period for qualified restaurant property; Work Opportunity Tax Credit Program; International tax reform proposals and comprehensive and individual tax reform proposals.
Client expense: $590,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Federal Trade Commission (FTC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), SENATE, White House Office
2016 · first_quarter · Taxation/Internal Revenue Code
H.R. 765, To amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property H.R. 855, To amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes H.R. 1001, To amend the Internal Revenue Code of 1986 to terminate certain energy tax subsidies and lower the corporate income tax rate H.R. 1142, To amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program H.R. 3110, National Disaster Tax Relief Act of 2015 S. 394, A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property S. 591, New Markets Tax Credit Extension Act of 2015 S. 1193, A bill to amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program S. 1795, National Disaster Tax Relief Act
Client expense: $22,123 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · first_quarter · Taxation/Internal Revenue Code
Comprehensive tax reform (corporate, individual, international); Marketplace Fairness Act (S. 698); Remote Transactions Parity Act of 2015 (H.R. 2775); and other issues relating to taxation of remote commerce and nexus issues; IRS rules and guidelines regarding deduction and capitalization of expenditures relating to tangible property; proposals to modify accounting methods including last-in-first-out (LIFO); H.R. 765/S. 394 - leasehold depreciation; extension of various tax credits; H.R. 2029 - tax extenders; IRS reforms; H.R. 644 - PITFA.
Client expense: $660,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Consumer Financial Protection Bureau (CFPB), Consumer Product Safety Commission (CPSC), Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Federal Aviation Administration (FAA), Federal Communications Commission (FCC), Federal Maritime Commission, Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Natl Telecommunications & Information Administration (NTIA), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Agency for International Development (USAID), U.S. Customs & Border Protection, U.S. Immigration & Customs Enforcement (ICE), U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office
2015 · second_quarter · Taxation/Internal Revenue Code
S. 698, Marketplace Fairness Act, all provisions; tax reform, no specific legislation; oppose imposition of Value Added Tax, National Retail Sales Tax; S. 394/H.R. 765, A bill to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property; bonus depreciation, no specific legislation; HR 636, Americas Small Business Tax Relief Act, all provisions; H.R. 2510, To amend the IRC to make permanent bonus depreciation, all provisions; S.1660, A bill to amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation, all provisions; H.R. 2775, Remote Transactions Parity Act, all provisions; S.1141, Small Business Tax Certainty and Growth Act of 2015, provisions expanding application of depreciation to retail and restaurant owned property; repatriation issues generally; S.155, Fair Tax Act of 2015
Client expense: $1,640,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Consumer Product Safety Commission (CPSC), Environmental Protection Agency (EPA), Federal Maritime Commission, Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Natl Labor Relations Board (NLRB), Office of Management & Budget (OMB), Patent & Trademark Office (PTO), SENATE, Small Business Administration (SBA), Treasury, Dept of, U.S. Customs & Border Protection, U.S. Trade Representative (USTR)
2015 · first_quarter · Taxation/Internal Revenue Code
S. 698, Marketplace Fairness Act, all provisions; tax reform, no specific legislation; oppose imposition of Value Added Tax, National Retail Sales Tax; S. 394/H.R. 765, A bill to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property; S.155 - Fair Tax Act of 2015, all provisions; bonus depreciation, no specific legislation; HR 636, Americas Small Business Tax Relief Act, all provisions
Client expense: $1,420,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Consumer Product Safety Commission (CPSC), Federal Maritime Commission, Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Natl Labor Relations Board (NLRB), Patent & Trademark Office (PTO), SENATE, Small Business Administration (SBA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Customs & Border Protection, U.S. Trade Representative (USTR), White House Office
2015 · fourth_quarter · Taxation/Internal Revenue Code
S. 698, Marketplace Fairness Act, all provisions; tax reform, no specific legislation; oppose imposition of Value Added Tax, National Retail Sales Tax; S. 394/H.R. 765, A bill to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property; bonus depreciation, no specific legislation; HR 636, Americas Small Business Tax Relief Act, all provisions; H.R. 2510, To amend the IRC to make permanent bonus depreciation, all provisions; S.1660, A bill to amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation, all provisions; H.R. 2775, Remote Transactions Parity Act, all provisions; S.1141, Small Business Tax Certainty and Growth Act of 2015, provisions expanding application of depreciation to retail and restaurant owned property; repatriation issues generally; S.155, Fair Tax Act of 2015; S.1946, Tax Relief Extension Act of 2015, all provisions; H.R.2754, To amend the Internal Revenue Code of 1986 to make the work opportunity credit permanent, all provisions; H.R. 1913, the Protecting Americans from Tax Hikes Act of 2015, provisions relating to 15 year depreciation, bonus depreciation, WOTC.
Client expense: $1,720,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Consumer Product Safety Commission (CPSC), Environmental Protection Agency (EPA), Federal Aviation Administration (FAA), Federal Maritime Commission, Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Natl Labor Relations Board (NLRB), Office of Management & Budget (OMB), Patent & Trademark Office (PTO), SENATE, Small Business Administration (SBA), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Customs & Border Protection, U.S. Trade Representative (USTR), White House Office
2015 · fourth_quarter · Taxation/Internal Revenue Code
Monitor all tax reform legislative matters. S.394/H.R.765 - A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property. H.R. 636 - America's Small Business Tax Relief Act of 2015. S. 1399 - Small Business Expensing Act of 2015. H.R. 2754 - A bill to amend the Internal Revenue Code to make the Work Opportunity Tax Credit permanent. H.R. 2510/S. 1660 - A bill to amend the Internal Revenue Code to modify and make permanent bonus depreciation. H.R. 2029 - Consolidated Appropriations Act, 2016. H.R. 3213 - Fixed Asset Relief Act of 2015.
Client expense: $1,200,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Centers For Medicare and Medicaid Services (CMS), Education, Dept of, Energy, Dept of, Federal Trade Commission (FTC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Office of Personnel Management (OPM), SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office
2015 · fourth_quarter · Taxation/Internal Revenue Code
-In support of H.R. 765 and S.394, which make permanent the depreciation schedules for restaurant leasehold improvements and new construction from 39 1/2 years to 15 years. -In support of H.R. 145, which makes permanent the Workers Opportunity Tax Credit. -In support of H.R. 636, which grants permanent extensions to increased Section 179 expensing and bonus depreciation limits. -In support of lower individual and corporate tax rates. -In the absence of permanent extensions, in support of retroactive, temporary extensions to the provisions discussed above.
Client expense: Not reported · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE
2015 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 2029 Consolidated Appropriations Act, Protecting Americans from Tax Hixes Act /S.394 (The Depreciation Fairness Act)/H.R. 765 (Restaurant and Retail Jobs and Growth Act): BOMA supports this legislation that would permanently reduce the timeline to 15 years for depreciated qualified leasehold improvements. H.R. 2029 Consolidated Appropriations Act of 2015: BOMA supports this bill that extends deductions for energy effecient improvemnts to commercial building, known as 179D deductions, for 2 years. BOMA supports tax deductions that help building owners strive for greater energy effeciency. BOMA supports maintaining Section 1031 of the tax code, "Like-Kind" Exchanges, in it's current form. Section 1031 has been an effective economic development tool, stimulation job creation and investment. The policy does not free a tax payer from any obligations to pay taxes, but merely aligns the payments with when the property is sold. H.R. 2029 Consolidated Appropriations Act, Protecting Americans from Tax Hixes Act/S.915/H.R.2128 Real Estate Investment and Jobs Act of 2015: BOMA supports legislation to amend the Internal revenue Code of 1986 to exempt certain stock of real estate investment trusts from tax on foreign investments in United States property interests and increasing the percentage of ownership stake in a REIT a foreign investor may have before triggering the tax, from five to ten percent. BOMA supports comprehensive tax reform policies that do not penalize capital investment in commercial real estate, do not discriminate against real estate as an investment class, do not retroactively tax embedded invests, revise depreciation schedules to more closely reflect market reality for building components, treat leasehold improvements fairly as a permanent policy- allows depreciation over no longer than a 15-year period, maintain a low tax rate on capital gains and provide a long terms certainly and stability for the economic health and growth of the real estate industry. S.1686/H.R.2889 Carried Interest Fairness Act of 2015: BOMA opposes this legislation that would amend the Internal Revenue Code of 1986 to change the tax treatment of personal service income earned in pass-thru entities. As real estate is a risk-driven investment, BOMA supports the current tax treatment of carried interest, the gains of a RE general partner, to be taxed at the capital gains rate.
Client expense: $70,000 · Firm income: Not reported
Government targets: Army, Dept of (Corps of Engineers), Energy, Dept of, Environmental Protection Agency (EPA), Federal Aviation Administration (FAA), HOUSE OF REPRESENTATIVES, Patent & Trademark Office (PTO), SENATE
2015 · fourth_quarter · Taxation/Internal Revenue Code
S. 394, Depreciation Fairness Act of 2015, making permanent the 15-year recovery period for qualified restaurant property; Work Opportunity Tax Credit Program; International tax reform proposals and comprehensive and individual tax reform proposals.
Client expense: $550,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Federal Trade Commission (FTC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), SENATE, White House Office
2015 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 765, To amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property. H.R. 855, To amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes. H.R. 1001, To amend the Internal Revenue Code of 1986 to terminate certain energy tax subsidies and lower the corporate income tax rate. H.R. 1142, To amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program. H.R. 3110, National Disaster Tax Relief Act of 2015 S. 394, A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property. S. 591, New Markets Tax Credit Extension Act of 2015 S. 1193, A bill to amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program S. 1795, National Disaster Tax Relief Act
Client expense: $258,541 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2015 · fourth_quarter · Taxation/Internal Revenue Code
Tax Legislative and regulatory services, including issues related to: tax reform; H.R. 765, Restaurant and Retail Jobs and Growth Act of 2015; S. 394, Depreciation Fairness Act of 2015 --bills to permanently extend the 15-year recovery property for qualified leasehold improvement property, qualified restaurant property; H.R. 2754 and H.R. 145, bills to amend the Internal Revenue Code of 1986 to make the work opportunity tax credit permanent; H.R. 644, America Gives More Act of 2015; S. 930, Good Samaritan Hunger Relief Tax Incentive Extension Act of 2015; H.R. 636 and S.1399, bills regarding Section 179 Expensing; H.R. 2510 and S. 1660, bills to make bonus depreciation permanent; S. 1141, Small Business Tax Certainty and Growth Act of 2015; H.R. 2029, Consolidated Appropriations Act, 2016; and, Section 45B FICA Tax Tip Credit.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2015 · fourth_quarter · Taxation/Internal Revenue Code
Small Business Tax Relief HR636 - America's Small Business Tax Relief Act of 2015 HR765 - Restaurant and Retail Jobs and Growth Act Tax Relief for Forgiven Mortgage Debt HR1002 - Mortgage Forgiveness Tax Relief Act of 2015 HR2029 - Consolidated Appropriations Act, 2016 S351 - Mortgage Debt Tax Relief Act S608 - Mortgage Forgiveness Tax Relief Act Internet Sales Tax Fairness HR2775 - The Remote Transactions Parity Act of 2015 S698 - The Marketplace Fairness Act of 2015 Internet Tax Freedom HR235 - Permanent Internet Tax Freedom Act S431 - Internet Tax Freedom Forever Act Empowerment Zones Tax Incentives S408 - Empowering Jobs Act of 2015 Depreciation HR2510 - To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation. S394 - Depreciation Fairness Act of 2015 S1660 - A bill to amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation. HR2029 - Consolidated Appropriations Act, 2016 Foreign Investment in Real Property Tax Act (FIRPTA) HR34 - Tax Increase Prevention and Real Estate Investment Act of 2015 HR2029 - Consolidated Appropriations Act, 2016 HR2128 - Real Estate Investment and Jobs Act of 2015 S915 - Real Estate Investment and Jobs Act of 2015 Carried Interest HR2889 - Carried Interest Fairness Act of 2015 S1686 - Carried Interest Fairness Act of 2015 Section 1031 Like-Kind Exchanges HR2844 - Keep Our Pension Promises Act S1631 - Keep Our Pension Promises Act
Client expense: $14,280,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Consumer Financial Protection Bureau (CFPB), Energy, Dept of, Environmental Protection Agency (EPA), Federal Aviation Administration (FAA), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), SENATE, Small Business Administration (SBA), Treasury, Dept of
2015 · fourth_quarter · Taxation/Internal Revenue Code
Comprehensive tax reform (corporate, individual, international); Marketplace Fairness Act (S. 698); Remote Transactions Parity Act of 2015 (H.R. 2775); and other issues relating to taxation of remote commerce and nexus issues; IRS rules and guidelines regarding deduction and capitalization of expenditures relating to tangible property; proposals to modify accounting methods including last-in-first-out (LIFO); H.R. 765/S. 394 - leasehold depreciation; extension of various tax credits; H.R. 2029 - tax extenders; IRS reforms; H.R. 644 - PITFA.
Client expense: $710,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Consumer Financial Protection Bureau (CFPB), Consumer Product Safety Commission (CPSC), Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Federal Aviation Administration (FAA), Federal Communications Commission (FCC), Federal Maritime Commission, Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Natl Telecommunications & Information Administration (NTIA), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Agency for International Development (USAID), U.S. Customs & Border Protection, U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office
2015 · fourth_quarter · Taxation/Internal Revenue Code
Tax Reform Carried Interest, including Carried Interest Fairness Act of 2015 (H.R. 2889) Real Estate Investment & Jobs Act - S. 915 and H.R. 2128 Expired Tax Provisions (H.R. 2029) Internet sales tax legislation: S. 698 and H.R. 2775 Extension of 15-year Depreciation Schedule S. 394 179D Energy Efficient Building Tax Deduction Combined Heat and Power Tax Credit (S. 913) IRS Notice 2007-55 Partnership Liability Allocation Regulations and Disguised Sale Regulations (Treas. Reg. 119305-11) "Fractions Rule" regulations (tax-exempt investors and debt-financed real estate) under I.R.C. Sec. 514(c)(9) Like-Kind Exchanges (Sec. 1031), including S. 1631 and Treasury Greenbook proposal Earnings stripping tax proposals and OEDC Base Erosion and Profit Shifting Initiative REIT preferential dividend rulings Partnership audit reform, including H.R. 2821 Highway Trust Fund extension, including H.R. 1846, H.R. 3038, and S. 808 Completed contract method of accounting and condominium construction (Section 460(e) REIT conversions and other REIT provisions in the PATH Act (H.R. 2029) FIRPTA Reform (H.R. 2029)
Client expense: $895,000 · Firm income: Not reported
Government targets: Army, Dept of (Corps of Engineers), Commodity Futures Trading Commission (CFTC), Director of National Intelligence (ODNI), Energy, Dept of, Environmental Protection Agency (EPA), Federal Accounting Standards Advisory Board (FASAB), Federal Aviation Administration (FAA), Federal Bureau of Investigation (FBI), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, White House Office
2015 · fourth_quarter · Taxation/Internal Revenue Code
General tax matters affecting the shopping center industry including issues relating to like-kind exchanges and sales and use taxes, HR 765/S 394 Depreciation Fairness Act; the Presidents Fiscal Year 2016 Budget Proposal. Marketplace Fairness Act (S 698); Remote Transaction Parity Act (HR 2775). Trade Enforcement Act of 2015 (Conf. Report HR 644).
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2015 · fourth_quarter · Taxation/Internal Revenue Code
HR 30, Save American Workers Act; S 30, the 40 Hours is Full Time Act; HR 765, Restaurant and Retail Jobs and Growth Act; S 394, Depreciation Fairness Act; HR 2510, Make permanent bonus depreciation; Make permanent the 15-year depreciation schedule for restaurant leasehold improvements; Protecting Americans from Tax Hikes Act; HR 2029, Consolidated Appropriations Act
Client expense: $44,572 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2015 · third_quarter · Taxation/Internal Revenue Code
Tax Reform Carried Interest, including Carried Interest Fairness Act of 2015 (H.R. 2889) Real Estate Investment & Jobs Act - S. 915 and H.R. 2128 Expired Tax Provisions Internet sales tax legislation: S. 698 and H.R. 2775 Extension of 15-year Depreciation Schedule S. 394 179D Energy Efficient Building Tax Deduction Combined Heat and Power Tax Credit (S. 913) IRS Notice 2007-55 Partnership Liability Allocation Regulations and Disguised Sale Regulations (Treas. Reg. 119305-11) "Fractions Rule" regulations (tax-exempt investors and debt-financed real estate) under I.R.C. Sec. 514(c)(9) Like-Kind Exchanges (Sec. 1031), including S. 1631 and Treasury Greenbook proposal Earnings stripping tax proposals and OEDC Base Erosion and Profit Shifting Initiative REIT preferential dividend rulings Partnership audit reform, including H.R. 2821 Highway Trust Fund extension, including H.R. 1846 and H.R. 3038 Completed contract method of accounting and condominium construction (Section 460(e))
Client expense: $1,152,785 · Firm income: Not reported
Government targets: Army, Dept of (Corps of Engineers), Commodity Futures Trading Commission (CFTC), Director of National Intelligence (ODNI), Energy, Dept of, Environmental Protection Agency (EPA), Federal Accounting Standards Advisory Board (FASAB), Federal Aviation Administration (FAA), Federal Bureau of Investigation (FBI), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, White House Office
2015 · third_quarter · Taxation/Internal Revenue Code
S. 698, Marketplace Fairness Act, all provisions; tax reform, no specific legislation; oppose imposition of Value Added Tax, National Retail Sales Tax; S. 394/H.R. 765, A bill to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property; bonus depreciation, no specific legislation; HR 636, Americas Small Business Tax Relief Act, all provisions; H.R. 2510, To amend the IRC to make permanent bonus depreciation, all provisions; S.1660, A bill to amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation, all provisions; H.R. 2775, Remote Transactions Parity Act, all provisions; S.1141, Small Business Tax Certainty and Growth Act of 2015, provisions expanding application of depreciation to retail and restaurant owned property; repatriation issues generally; S.155, Fair Tax Act of 2015; S.1946, Tax Relief Extension Act of 2015, all provisions; H.R.2754, To amend the Internal Revenue Code of 1986 to make the work opportunity credit permanent, all provisions.
Client expense: $1,700,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Consumer Product Safety Commission (CPSC), Environmental Protection Agency (EPA), Federal Maritime Commission, Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Natl Labor Relations Board (NLRB), Office of Management & Budget (OMB), Patent & Trademark Office (PTO), SENATE, Small Business Administration (SBA), Treasury, Dept of, U.S. Customs & Border Protection, U.S. Trade Representative (USTR), White House Office
2015 · third_quarter · Taxation/Internal Revenue Code
S. 394, Depreciation Fairness Act of 2015, making permanent the 15-year recovery period for qualified restaurant property; Work Opportunity Tax Credit Program; International tax reform proposals and comprehensive and individual tax reform proposals.
Client expense: $500,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Federal Trade Commission (FTC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), SENATE, White House Office
2015 · third_quarter · Taxation/Internal Revenue Code
Small Business Tax Relief HR636 - America's Small Business Tax Relief Act of 2015 HR765 - Restaurant and Retail Jobs and Growth Act Tax Relief for Forgiven Mortgage Debt HR1002 - Mortgage Forgiveness Tax Relief Act of 2015 S351 - Mortgage Debt Tax Relief Act S608 - Mortgage Forgiveness Tax Relief Act Internet Sales Tax Fairness HR2775 - The Remote Transactions Parity Act of 2015 S698 - The Marketplace Fairness Act of 2015 Internet Tax Freedom HR235 - Permanent Internet Tax Freedom Act S431 - Internet Tax Freedom Forever Act Empowerment Zones Tax Incentives S408 - Empowering Jobs Act of 2015 Depreciation HR2510 - To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation. S394 - Depreciation Fairness Act of 2015 S1660 - A bill to amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation. Foreign Investment in Real Property Tax Act (FIRPTA) HR2128 - Real Estate Investment and Jobs Act of 2015 S915 - Real Estate Investment and Jobs Act of 2015 Carried Interest HR2889 - Carried Interest Fairness Act of 2015 S1686 - Carried Interest Fairness Act of 2015 Section 1031 Like-Kind Exchanges HR2844 - Keep Our Pension Promises Act S1631 - Keep Our Pension Promises Act Discussions with the Department of Treasury on Section 1031 of the IRC (like kind exchanges).
Client expense: $7,520,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Consumer Financial Protection Bureau (CFPB), Environmental Protection Agency (EPA), Federal Aviation Administration (FAA), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Natl Credit Union Administration (NCUA), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, U.S. Fish & Wildlife Service (USFWS), Veterans Affairs, Dept of (VA)
2015 · third_quarter · Taxation/Internal Revenue Code
Monitor all tax reform legislative matters. Monitor tax extender legislative matters. S.394, H.R.765 - A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property. H.R. 644 - America Gives More Act of 2015. H.R. 636 - America's Small Business Tax Relief Act of 2015. S. 1414 - Small Business Tax Certainty, A Growth Act of 2015. S. 930 - Good Samaritan Hunger Relief Tax Incentive Extension Act of 2015. S. 1399 - Small Business Expensing Act of 2015. H.R. 2754 - A bill to amend the Internal Revenue Code to make the Work Opportunity Tax Credit permanent. H.R. 2510, S. 1660 - A bill to amend the Internal Revenue Code to modify and make permanent bonus depreciation.
Client expense: $1,010,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Centers For Medicare and Medicaid Services (CMS), Education, Dept of, Energy, Dept of, Federal Trade Commission (FTC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Office of Personnel Management (OPM), SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office
2015 · third_quarter · Taxation/Internal Revenue Code
H.R. 765, To amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property. H.R. 855, To amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes. H.R. 1001, To amend the Internal Revenue Code of 1986 to terminate certain energy tax subsidies and lower the corporate income tax rate. H.R. 1142, To amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program. H.R. 3110, National Disaster Tax Relief Act of 2015 S. 394, A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property. S. 591, New Markets Tax Credit Extension Act of 2015 S. 1193, A bill to amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program S. 1795, National Disaster Tax Relief Act
Client expense: $123,876 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2015 · third_quarter · Taxation/Internal Revenue Code
-In support of H.R. 765 and S.394, which make permanent the depreciation schedules for restaurant leasehold improvements and new construction from 39 1/2 years to 15 years. -In support of H.R. 145, which makes permanent the Workers Opportunity Tax Credit. -In support of H.R. 636, which grants permanent extensions to increased Section 179 expensing and bonus depreciation limits. -In support of lower individual and corporate tax rates.
Client expense: Not reported · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE
2015 · third_quarter · Taxation/Internal Revenue Code
H.R. 145, to permanently extend the Work Opportunity Tax Credit. H.R. 765, and S. 394, to permanently extend accelerated 15-year restaurant depreciation. Potential legislative proposals to modify or repeal the 45B federal corporate income tax credit for FICA paid on employee tips.
Client expense: $20,000 · Firm income: Not reported
Government targets: Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, SENATE
2015 · third_quarter · Taxation/Internal Revenue Code
Tax Legislative and regulatory services, including issues related to: tax reform; H.R. 765, Restaurant and Retail Jobs and Growth Act of 2015; S. 394, Depreciation Fairness Act of 2015 --bills to permanently extend the 15-year recovery property for qualified leasehold improvement property, qualified restaurant property; H.R. 2754 and H.R. 145, bills to amend the Internal Revenue Code of 1986 to make the work opportunity tax credit permanent; H.R. 644, America Gives More Act of 2015; S. 930, Good Samaritan Hunger Relief Tax Incentive Extension Act of 2015; H.R. 636 and S.1399, bills regarding Section 179 Expensing; H.R. 2510 and S. 1660, bills to make bonus depreciation permanent; S. 1141, Small Business Tax Certainty and Growth Act of 2015; and, Section 45B FICA Tax Tip Credit.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2015 · third_quarter · Taxation/Internal Revenue Code
S.394 (The Depreciation Fairness Act)/H.R. 765 (Restaurant and Retail Jobs and Growth Act): BOMA supports this legislation that would permanently reduce the timeline to 15 year for depreciated qualified leasehold improvements. BOMA supports maintaining Section 1031 of the tax code, "Like-Kind" Exchanges, in it's current form. Section 1031 has been an effective economic development tool, stimulation job creation and investment. The policy does not free a tax payer from any obligations to pay taxes, but merely aligns the payments with when the property is sold. S.915/H.R.2128 Real Estate Investment and Jobs Act of 2015: BOMA supports legislation to amend the Internal revenue Code of 1986 to exempt certain stock of real estate investment trusts from tax on foreign investments in United States property interests and increasing the percentage of ownership stake in a REIT a foreign investor may have before triggering the tax, from five to ten percent. BOMA supports comprehensive tax reform policies that do not penalize capital investment in commercial real estate, do not discriminate against real estate as an investment class, do not retroactively tax embedded invests, revise depreciation schedules to more closely reflect market reality for building components, treat leasehold improvements fairly as a permanent policy- allows depreciation over no longer than a 15-year period, maintain a low tax rate on capital gains and provide a long terms certainly and stability for the economic health and growth of the real estate industry. S.1686/H.R.2889 Carried Interest Fairness Act of 2015: BOMA opposes this legislation that would amend the Internal Revenue Code of 1986 to change the tax treatment of personal service income earned in pass-thru entities. As real estate is a risk-driven investment, BOMA supports the current tax treatment of carried interest, the gains of a RE general partner, to be taxed at the capital gains rate.
Client expense: $70,000 · Firm income: Not reported
Government targets: Army, Dept of (Corps of Engineers), Energy, Dept of, Environmental Protection Agency (EPA), Federal Aviation Administration (FAA), HOUSE OF REPRESENTATIVES, Patent & Trademark Office (PTO), SENATE
2015 · third_quarter · Taxation/Internal Revenue Code
Comprehensive tax reform (corporate, individual, international); 15-year cost recovery for improvements to qualified leaseholds and retail-owned property; Marketplace Fairness Act (S. 698); Remote Transactions Parity Act of 2015 (H.R. 2775); and other issues relating to taxation of remote commerce and nexus issues; IRS rules and guidelines regarding deduction and capitalization of expenditures relating to tangible property; proposals to modify accounting methods including last-in-first-out (LIFO); H.R. 765/S. 394 - leasehold depreciation; extension of various tax credits.
Client expense: $450,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Consumer Financial Protection Bureau (CFPB), Consumer Product Safety Commission (CPSC), Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Federal Communications Commission (FCC), Federal Maritime Commission, Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Natl Security Council (NSC), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Customs & Border Protection, White House Office
2015 · third_quarter · Taxation/Internal Revenue Code
General tax matters affecting the shopping center industry including issues relating to like-kind exchanges and sales and use taxes, HR 765/S 394 Depreciation Fairness Act, and other tax matters affecting the shopping center industry; the Presidents Fiscal Year 2016 Budget Proposal. Marketplace Fairness Act (S 698); Remote Transaction Parity Act (HR 2775).
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2015 · third_quarter · Taxation/Internal Revenue Code
HR 30, Save American Workers Act; S 30, the 40 Hours is Full Time Act; HR 765, Restaurant and Retail Jobs and Growth Act; S 394, Depreciation Fairness Act; HR 2510, Make permanent bonus depreciation; Make permanent the 15-year depreciation schedule for restaurant leasehold improvements.
Client expense: $49,190 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2015 · second_quarter · Taxation/Internal Revenue Code
Tax Reform Carried Interest, including Carried Interest Fairness Act of 2015 (H.R. 2889) Real Estate Investment & Jobs Act - S. 915 and H.R. 2128 Expired Tax Provisions Internet sales tax legislation: S. 698 and H.R. 2775 Extension of 15-year Depreciation Schedule S. 394 179D Energy Efficient Building Tax Deduction Combined Heat and Power Tax Credit (S. 913) IRS Notice 2007-55 Partnership Liability Allocation Regulations and Disguised Sale Regulations (Treas. Reg. 119305-11) "Fractions Rule" regulations (tax-exempt investors and debt-financed real estate) under I.R.C. Sec. 514(c)(9) Like-Kind Exchanges (Sec. 1031), including S. 1631 and Treasury Greenbook proposal Earnings stripping tax proposals and OEDC Base Erosion and Profit Shifting Initiative REIT preferential dividend rulings Partnership audit reform, including H.R. 2821 Highway Trust Fund extension, including H.R. 1846 and H.R. 3038
Client expense: $1,020,000 · Firm income: Not reported
Government targets: Army, Dept of (Corps of Engineers), Commodity Futures Trading Commission (CFTC), Director of National Intelligence (ODNI), Energy, Dept of, Environmental Protection Agency (EPA), Federal Accounting Standards Advisory Board (FASAB), Federal Aviation Administration (FAA), Federal Bureau of Investigation (FBI), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Interior, Dept of (DOI), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, White House Office
2015 · second_quarter · Taxation/Internal Revenue Code
Small Business Tax Relief HR636 - America's Small Business Tax Relief Act of 2015 HR765 - Restaurant and Retail Jobs and Growth Act Tax Relief for Forgiven Mortgage Debt HR1002 - Mortgage Forgiveness Tax Relief Act of 2015 S351 - Mortgage Debt Tax Relief Act S608 - Mortgage Forgiveness Tax Relief Act Internet Sales Tax Fairness HR2275 - The Remote Transactions Parity Act of 2015 S698 - The Marketplace Fairness Act of 2015 Internet Tax Freedom HR235 - Permanent Internet Tax Freedom Act S431 - Internet Tax Freedom Forever Act Empowerment Zones Tax Incentives S408 - Empowering Jobs Act of 2015 Depreciation HR2510 - To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation. S394 - Depreciation Fairness Act of 2015 S1660 - A bill to amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation. Foreign Investment in Real Property Tax Act (FIRPTA) HR2128 - Real Estate Investment and Jobs Act of 2015 S915 - Real Estate Investment and Jobs Act of 2015 Carried Interest HR2889 - Carried Interest Fairness Act of 2015 S1686 - Carried Interest Fairness Act of 2015 Discussions with House and Senate offices on Section 1031 of the IRC (like kind exchanges). Discussions with the Department of Treasury on Section 1031 of the IRC (like kind exchanges).
Client expense: $8,180,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Centers For Disease Control & Prevention (CDC), Consumer Financial Protection Bureau (CFPB), Energy, Dept of, Environmental Protection Agency (EPA), Federal Aviation Administration (FAA), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, Veterans Affairs, Dept of (VA)
2015 · second_quarter · Taxation/Internal Revenue Code
S. 698, Marketplace Fairness Act, all provisions; tax reform, no specific legislation; oppose imposition of Value Added Tax, National Retail Sales Tax; S. 394/H.R. 765, A bill to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property; bonus depreciation, no specific legislation; HR 636, Americas Small Business Tax Relief Act, all provisions; H.R. 2510, To amend the IRC to make permanent bonus depreciation, all provisions; S.1660, A bill to amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation, all provisions; H.R. 2775, Remote Transactions Parity Act, all provisions; S.1141, Small Business Tax Certainty and Growth Act of 2015, provisions expanding application of depreciation to retail and restaurant owned property; repatriation issues generally; S.155, Fair Tax Act of 2015
Client expense: $1,640,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Consumer Product Safety Commission (CPSC), Environmental Protection Agency (EPA), Federal Maritime Commission, Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Natl Labor Relations Board (NLRB), Office of Management & Budget (OMB), Patent & Trademark Office (PTO), SENATE, Small Business Administration (SBA), Treasury, Dept of, U.S. Customs & Border Protection, U.S. Trade Representative (USTR)
2015 · second_quarter · Taxation/Internal Revenue Code
H.R. 765, To amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property H.R. 855, To amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes H.R. 1001, To amend the Internal Revenue Code of 1986 to terminate certain energy tax subsidies and lower the corporate income tax rate H.R. 1142, To amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program S. 394, A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property S. 591, New Markets Tax Credit Extension Act of 2015
Client expense: $74,930 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2015 · second_quarter · Taxation/Internal Revenue Code
-In support of H.R. 765 and S.394, which make permanent the depreciation schedules for restaurant leasehold improvements and new construction from 39 1/2 years to 15 years. -In support of H.R. 145, which makes permanent the Workers Opportunity Tax Credit. -In support of permanent extensions to increased Section 179 expensing and bonus depreciation limits. -In support of lower individual and corporate tax rates.
Client expense: Not reported · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2015 · second_quarter · Taxation/Internal Revenue Code
Comprehensive tax reform (corporate, individual, international); 15-year cost recovery for improvements to qualified leaseholds and retail-owned property; Marketplace Fairness Act (S. 698); Remote Transactions Parity Act of 2015 (H.R. 2775); and other issues relating to taxation of remote commerce and nexus issues; IRS rules and guidelines regarding deduction and capitalization of expenditures relating to tangible property; proposals to modify accounting methods including last-in-first-out (LIFO); H.R. 765/S. 394 - leasehold depreciation.
Client expense: $712,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Consumer Financial Protection Bureau (CFPB), Consumer Product Safety Commission (CPSC), Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Federal Communications Commission (FCC), Federal Maritime Commission, Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Natl Security Council (NSC), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Customs & Border Protection, White House Office
2015 · second_quarter · Taxation/Internal Revenue Code
S. 394, Depreciation Fairness Act of 2015, making permanent the 15-year recovery period for qualified restaurant property; Work Opportunity Tax Credit Program; International tax reform proposals and comprehensive and individual tax reform proposals.
Client expense: $570,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Federal Trade Commission (FTC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), SENATE, White House Office
2015 · second_quarter · Taxation/Internal Revenue Code
H.R. 145, to permanently extend the Work Opportunity Tax Credit. H.R. 765, and S. 394, to permanently extend accelerated 15-year restaurant depreciation. Potential legislative proposals to modify or repeal the 45B federal corporate income tax credit for FICA paid on employee tips.
Client expense: $20,000 · Firm income: Not reported
Government targets: Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, SENATE
2015 · second_quarter · Taxation/Internal Revenue Code
Issues relating to like-kind exchanges, sales and use taxes, HR 765/S 394 Depreciation Fairness Act, and other tax matters affecting the shopping center industry; the Presidents Fiscal Year 2016 Budget Proposal. Marketplace Fairness Act (S 698); Remote Transaction Parity Act (HR 2775).
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2015 · second_quarter · Taxation/Internal Revenue Code
Tax Legislative and regulatory services, including issues related to: tax reform; H.R. 765, Restaurant and Retail Jobs and Growth Act of 2015; S. 394, Depreciation Fairness Act of 2015 --bills to permanently extend the 15-year recovery property for qualified leasehold improvement property, qualified restaurant property; H.R. 2754 and H.R. 145, bills to amend the Internal Revenue Code of 1986 to make the work opportunity tax credit permanent; H.R. 644, America Gives More Act of 2015; S. 930, Good Samaritan Hunger Relief Tax Incentive Extension Act of 2015; H.R. 636 and S.1399, bills regarding Section 179 Expensing; H.R. 2510 and S. 1660, bills to make bonus depreciation permanent; S. 1141, Small Business Tax Certainty and Growth Act of 2015; and, Section 45B FICA Tax Tip Credit.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2015 · second_quarter · Taxation/Internal Revenue Code
HR 30, Save American Workers Act; S 30, the 40 Hours is Full Time Act; HR 765, Restaurant and Retail Jobs and Growth Act; S 394, Depreciation Fairness Act; Make permanent the 15-year depreciation schedule for restaurant leasehold improvements.
Client expense: $41,900 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2015 · second_quarter · Taxation/Internal Revenue Code
Monitor all tax reform legislative matters. Monitor tax extender legislative matters. S.394, H.R.765 - A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property. H.R. 644 - America Gives More Act of 2015. H.R. 636 - America's Small Business Tax Relief Act of 2015. S. 1414 - Small Business Tax Certainty, A Growth Act of 2015. S. 930 - Good Samaritan Hunger Relief Tax Incentive Extension Act of 2015. S. 1399 - Small Business Expensing Act of 2015. H.R. 2754 - A bill to amend the Internal Revenue Code to make the Work Opportunity Tax Credit permanent. H.R. 2510, S. 1660 - A bill to amend the Internal Revenue Code to modify and make permanent bonus depreciation.
Client expense: $1,090,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Centers For Medicare and Medicaid Services (CMS), Education, Dept of, Energy, Dept of, Federal Trade Commission (FTC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Office of Personnel Management (OPM), SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office