A bill to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes.

H.R. 1680, "New Markets Tax Credit Extension Act of 2019" H.R. 1148, "2018 National Disaster Tax Relief Act" H.R. 2593, Opportunity Zone Reporting Requirements H.R. 3077, Affordable Housing Credit Improvement Act H.R. 3479, Save Affordable Housing Act of 2019 H.R. 3316, "Neighborhood Homes Investment Act (NHIA)" S.750, "New Markets Tax Credit Extension Act of 2019" S.1344, Opportunity Zones Reporting Requirements S 1703, Affordable Housing Credit Improvement Act S.1956, Save Affordable Housing Act of 2019 S.4073, "Neighborhood Homes Investment Act (NHIA)" S.4621, "2020 Disasters Tax Relief Act"

Client expense: $23,599 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Tax Reform HR188 - SALT Deductibility Act HR216 - Main Street Tax Certainty Act HR257 - SALT Fairness Act of 2019 HR515 - State And Local Tax Deduction Fairness Act of 2019 HR1142 - SALT Act HR1757 - To amend the Internal Revenue Code of 1986 to increase the limitation on the amount individuals can deduct for certain State and local taxes. HR1865 - Further Consolidated Appropriations Act, 2020 HR1869 - Restoring Investment in Improvements Act HR2624 - SALT Relief and Marriage Penalty Elimination Act of 2019 HR2894 - Save the State and Local Tax Deduction for Middle Class Families Act of 2019 HR4274 - Cutting Local Taxes by Reinstating SALT Act HR5377 - Restoring Tax Fairness for States and Localities Act S437 - SALT Act S803 - Restoring Investment in Improvements Act S1149 - A bill to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income. New Energy Efficient Home Credit Letter to House Ways & Means in support of renewing the New Energy Efficient Home Credit Mortgage Debt Relief HR285 - Mortgage Debt Tax Forgiveness Act of 2018 HR1977 - Mortgage Forgiveness Tax Relief Act of 2019 Letter to full House in support of extending the exclusion for cancellation of mortgage debt on a principal residence Communications with Senate Finance Committee Taskforce on Mortgage Debt Forgiveness. Communications with the House and Senate regarding the Mortgage Debt Forgiveness exclusion. Carried Interest HR1735 - Carried Interest Fairness Act of 2019 S781 - Carried Interest Fairness Act of 2019 Tax Extenders HR1865 - Further Consolidated Appropriations Act, 2020 HR3301 - Taxpayer Certainty and Disaster Tax Relief Act of 2019 S617 - Tax Extender and Disaster Relief Act of 2019 Communications with the House and Senate on tax extenders and expiring tax provisions. Exclusion for Employer-Paid Student Debt HR1043 - Employer Participation in Repayment Act S460 - Employer Participation in Repayment Act of 2019 FIRPTA Repeal HR2210 - Invest in America Act Low Income Housing Tax Credit HR3077 - Affordable Housing Credit Improvement Act of 2019 S1703 - Affordable Housing Credit Improvement Act of 2019 Tax credit for refurbishing homes in troubled neighborhoods HR3316 - Neighborhood Home Investment Act Qualified Opportunity Zones S1344 - A bill to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes. HR2593 - To require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes. Discussions with the House and Senate regarding the Qualified Opportunity Zone program rulemaking. Alternative Depreciation Systems S2984 - Multifamily Depreciation Parity Act of 2019 Communications with the Senate Finance Committee and the House Ways & Means Committee regarding alternative depreciation systems. 529 Account Use for Professional Certifications HR5339 - Freedom To Invest in Tomorrow's Workforce Act Section 1031 Like-Kind Exchanges HR2309 - Real Estate Exchange Fairness Act COVID-19 Relief HR748 - CARES Act HR6201 - Families First Coronavirus Response Act HR6776 - JOBS Credit Act of 2020 HR6800 - HEROES Act S__ - HEALS Act Communications with Congress regarding tax deductibility for certain business expenses paid for with PPP loans and priorities for the next COVID-19 relief bill.

"Carried Interest Fairness Act" H.R. 1735, S.781 Energy efficiency and clean energy tax incentives Like-Kind Exchanges (Sec.1031) Completed contract method of accounting and condominium construction (Section 460(e) FIRPTA Reform implementing regulations and FIRPTA repeal (Invest in America Act) H.R.2210 Tax technical corrections IRS Notice 2007-55 Tax reform implementation, including sections 163(j), 199A, cost recovery rules, and Opportunity Zones Qualified improvements property and "Restoring Investments in Improvements Act" S. 803, H.R. 1869 Cost recovery, residential rental property Tax guidance related to transition away from LIBOR as a reference rate Opportunity Zone reporting legislation (S. 1344, H.R. 2593) Indexing capital gains for inflation Capital gains mark-to-market Low-income housing tax credit (S. 1703, H.R. 3077) Contributions in Aid of Construction (Sec. 118) Partnership tax forms (1065 and Schedule K-1) CARES Act and CARES Act Implementation Disaster tax relief & tax deadline extensions REIT rules Cancellation of Indebtedness income NOL interaction with GILTI REMIC Rules

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

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

"Carried Interest Fairness Act" H.R. 1735, S.781 Energy efficiency and clean energy tax incentives Like-Kind Exchanges (Sec.1031) Completed contract method of accounting and condominium construction (Section 460(e) FIRPTA Reform implementing regulations and FIRPTA repeal (Invest in America Act) H.R.2210 Tax technical corrections IRS Notice 2007-55 Tax reform implementation, including sections 163(j), 199A, cost recovery rules, and Opportunity Zones Qualified improvements property and "Restoring Investments in Improvements Act" S. 803, H.R. 1869 Cost recovery, residential rental property Tax guidance related to transition away from LIBOR as a reference rate Opportunity Zone reporting legislation (S. 1344, H.R. 2593) and Opportunity Zone reform Indexing capital gains for inflation Capital gains mark-to-market Low-income housing tax credit (S. 1703, H.R. 3077) Contributions in Aid of Construction (Sec. 118) Partnership tax forms (1065 and Schedule K-1) CARES Act and CARES Act Implementation Disaster tax relief & tax deadline extensions REIT rules, including investments in related parties Cancellation of Indebtedness income (section 108) NOL interaction with GILTI REMIC Rules Lease modifications (section 475) Unpaid rent and section 166 Safe and healthy workplace tax credit Deductibility of business expenses paid with Paycheck Protection Program loans CREATE Jobs Act (S. 4376) HEROES Act and HEALS Act Stimulus

Client expense: $1,200,000 · Firm income: Not reported

Issues related to IRC section 1400Z (S. 1344; HR 2593; S. 2787; HR 5042; HR 5011).

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

Government targets: HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE

Historic Tax Credit Growth and Opportunity Act (HR 2825/S. 2615) A bill to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes (S. 1344/H.R. 2593) Improving and Reinstating the Monitoring, Prevention, Accountability, Certification, and Transparency Provisions of Opportunity Zones - IMPACT Act (S. 2994) H.R. 2, "Moving Forward Act"

Client expense: $93,922 · Firm income: Not reported

Government targets: Advisory Council on Historic Preservation (ACHP), Bureau of Land Management (BLM), Commerce, Dept of (DOC), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Natl Endowment for the Arts, Natl Foundation on the Arts & Humanities, Natl Park Service (NPS), Navy, Dept of, Office of the Comptroller of the Currency (OCC), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Coast Guard (USCG), Veterans Affairs, Dept of (VA)

H.R. 1680, "New Markets Tax Credit Extension Act of 2019" H.R. 1148, "2018 National Disaster Tax Relief Act" H.R. 2593, Opportunity Zone Reporting Requirements H.R. 3077, Affordable Housing Credit Improvement Act H.R. 3479, Save Affordable Housing Act of 2019 S.750, "New Markets Tax Credit Extension Act of 2019" S.1344, Opportunity Zones Reporting Requirements S 1703, Affordable Housing Credit Improvement Act S.1956, Save Affordable Housing Act of 2019

Client expense: $124,917 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

"Carried Interest Fairness Act" H.R. 1735, S.781 Energy efficiency and clean energy tax incentives Like-Kind Exchanges (Sec.1031) Completed contract method of accounting and condominium construction (Section 460(e) FIRPTA Reform implementing regulations and FIRPTA repeal (Invest in America Act) H.R.2210 Tax technical corrections IRS Notice 2007-55 Tax reform implementation, including sections 163(j), 199A, cost recovery rules, and Opportunity Zones Qualified improvements property and "Restoring Investments in Improvements Act" S. 803, H.R. 1869 Cost recovery, residential rental property Tax guidance related to transition away from LIBOR as a reference rate Opportunity Zone reporting legislation (S. 1344, H.R. 2593) and Opportunity Zone reform Indexing capital gains for inflation Capital gains mark-to-market Low-income housing tax credit (S. 1703, H.R. 3077) Contributions in Aid of Construction (Sec. 118) Partnership tax forms (1065 and Schedule K-1) CARES Act and CARES Act Implementation Disaster tax relief & tax deadline extensions REIT rules, including investments in related parties Cancellation of Indebtedness income (section 108) NOL interaction with GILTI REMIC Rules Lease modifications (section 475) Unpaid rent and section 166

Client expense: $1,038,000 · Firm income: Not reported

Issues relating to economic development of distressed communities, including IRC section 1400Z, S. 1344, H.R. 2593,S. 2994,S. 2787, H.R. 5042, and H.R. 6513. Issues relating to non-compete agreements and their effects on economic dynamism, including S. 2614 and H.R. 5710. Issues relating to demographic trends, labor force issues and the availability of human capital. Issues relating to small business, entrepreneurship, and COVID-19 relief, including H.R. 748, S. 3515, H.R. 6403, S. 3805, H.R. 7010, S. 3833, HR. 6619, S. 3814, and S. 3516.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues relating to economic development of distressed communities, including IRC section 1400Z, S. 1344, H.R. 2593,S. 2994,S. 2787, H.R. 5042, and H.R. 6513.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1680, "New Markets Tax Credit Extension Act of 2019" H.R. 1148, "2018 National Disaster Tax Relief Act" H.R. 2593, Opportunity Zone Reporting Requirements H.R. 3077, Affordable Housing Credit Improvement Act H.R. 3479, Save Affordable Housing Act of 2019 S.750, "New Markets Tax Credit Extension Act of 2019" S.1344, Opportunity Zones Reporting Requirements S 1703, Affordable Housing Credit Improvement Act S.1956, Save Affordable Housing Act of 2019

Client expense: $124,917 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Tax Reform HR188 - SALT Deductibility Act HR216 - Main Street Tax Certainty Act HR257 - SALT Fairness Act of 2019 HR515 - State And Local Tax Deduction Fairness Act of 2019 HR1142 - SALT Act HR1757 - To amend the Internal Revenue Code of 1986 to increase the limitation on the amount individuals can deduct for certain State and local taxes. HR1865 - Further Consolidated Appropriations Act, 2020 HR1869 - Restoring Investment in Improvements Act HR2624 - SALT Relief and Marriage Penalty Elimination Act of 2019 HR4274 - Cutting Local Taxes by Reinstating SALT Act HR5377 - Restoring Tax Fairness for States and Localities Act S437 - SALT Act S803 - Restoring Investment in Improvements Act S1149 - A bill to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income. New Energy Efficient Home Credit Letter to House Ways & Means in support of renewing the New Energy Efficient Home Credit Mortgage Debt Relief HR285 - Mortgage Debt Tax Forgiveness Act of 2018 HR1977 - Mortgage Forgiveness Tax Relief Act of 2019 Letter to full House in support of extending the exclusion for cancellation of mortgage debt on a principal residence Communications with Senate Finance Committee Taskforce on Mortgage Debt Forgiveness. Communications with the House and Senate regarding the Mortgage Debt Forgiveness exclusion. Carried Interest HR1735 - Carried Interest Fairness Act of 2019 S781 - Carried Interest Fairness Act of 2019 Tax Extenders HR1865 - Further Consolidated Appropriations Act, 2020 HR3301 - Taxpayer Certainty and Disaster Tax Relief Act of 2019 S617 - Tax Extender and Disaster Relief Act of 2019 Communications with the House and Senate on tax extenders and expiring tax provisions. Exclusion for Employer-Paid Student Debt HR1043 - Employer Participation in Repayment Act S460 - Employer Participation in Repayment Act of 2019 FIRPTA Repeal HR2210 - Invest in America Act Low Income Housing Tax Credit HR3077 - Affordable Housing Credit Improvement Act of 2019 S1703 - Affordable Housing Credit Improvement Act of 2019 Tax credit for refurbishing homes in troubled neighborhoods HR3316 - Neighborhood Home Investment Act Qualified Opportunity Zones S1344 - A bill to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes. HR2593 - To require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes. Discussions with the House and Senate regarding the Qualified Opportunity Zone program rulemaking. Alternative Depreciation Systems S2984 - Multifamily Depreciation Parity Act of 2019 Communications with the Senate Finance Committee and the House Ways & Means Committee regarding alternative depreciation systems. 529 Account Use for Professional Certifications HR5339 - Freedom To Invest in Tomorrow's Workforce Act Section 1031 Like-Kind Exchanges HR2309 - Real Estate Exchange Fairness Act COVID-19 Relief HR748 - CARES Act HR6201 - Families First Coronavirus Response Act HR6776 - JOBS Credit Act of 2020 HR6800 - HEROES Act Communications with Congress regarding extending tax deadlines for Section 1031 like-kind exchanges and the Qualified Opportunity Zone program. Discussions with the U.S. Treasury Department regarding COVID-19 relief tax provisions, extension of tax deadlines for Section 1031 like-kind exchanges and Qualified Opportunity Zones. Discussions with the White House regarding COVID-19 relief tax provisions, extension of tax deadlines for Section 1031 like-kind exchanges and Qualified Opportunity Zones. Discussions with the IRS regarding COVID-19 relief tax provisions, extension of tax deadlines for Section 1031 like-kind exchanges and Qualified Opportunity Zones.

Historic Tax Credit Growth and Opportunity Act (HR 2825/S. 2615) A bill to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes (S. 1344/H.R. 2593) Improving and Reinstating the Monitoring, Prevention, Accountability, Certification, and Transparency Provisions of Opportunity Zones - IMPACT Act (S. 2994) H.R. 2, "Moving Forward Act"

Client expense: $50,000 · Firm income: Not reported

Government targets: Advisory Council on Historic Preservation (ACHP), Bureau of Land Management (BLM), Commerce, Dept of (DOC), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Natl Endowment for the Arts, Natl Foundation on the Arts & Humanities, Natl Park Service (NPS), Navy, Dept of, Office of the Comptroller of the Currency (OCC), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Coast Guard (USCG), Veterans Affairs, Dept of (VA)

Historic Tax Credit Growth and Opportunity Act (HR 2825/S. 2615) A bill to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes (S. 1344/H.R. 2593) Improving and Reinstating the Monitoring, Prevention, Accountability, Certification, and Transparency Provisions of Opportunity Zones - IMPACT Act (S. 2994) H.R. 2, "Moving Forward Act"

Client expense: $50,000 · Firm income: Not reported

Government targets: Advisory Council on Historic Preservation (ACHP), Bureau of Land Management (BLM), Commerce, Dept of (DOC), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Natl Endowment for the Arts, Natl Foundation on the Arts & Humanities, Natl Park Service (NPS), Navy, Dept of, Office of the Comptroller of the Currency (OCC), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Coast Guard (USCG), Veterans Affairs, Dept of (VA)

Issues related to IRC section 1400Z (S. 1344; HR 2593; S. 2787; HR 5042; HR 5011).

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

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

Issues relating to economic development of distressed communities, including IRC section 1400Z, S. 1344, H.R. 2593,S. 2994,S. 2787, andH.R. 5042. Issues relating to non-compete agreements and their effects on economic dynamism, including S. 2614 and H.R. 5710. Issues relating to demographic trends, labor force issues and the availability of human capital. Issues relating to small business, entrepreneurship, and COVID-19 relief, including H.R. 748, S. 3515, and H.R. 6403.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues relating to economic development of distressed communities, including IRC section 1400Z, S. 1344, H.R. 2593,S. 2994,S. 2787, andH.R. 5042.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Tax Reform HR188 - SALT Deductibility Act HR216 - Main Street Tax Certainty Act HR257 - SALT Fairness Act of 2019 HR515 - State And Local Tax Deduction Fairness Act of 2019 HR1142 - SALT Act HR1757 - To amend the Internal Revenue Code of 1986 to increase the limitation on the amount individuals can deduct for certain State and local taxes. HR1865 - Further Consolidated Appropriations Act, 2020 HR1869 - Restoring Investment in Improvements Act HR2624 - SALT Relief and Marriage Penalty Elimination Act of 2019 HR4274 - Cutting Local Taxes by Reinstating SALT Act HR5377 - Restoring Tax Fairness for States and Localities Act S437 - SALT Act S803 - Restoring Investment in Improvements Act S1149 - A bill to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income. New Energy Efficient Home Credit Letter to House Ways & Means in support of renewing the New Energy Efficient Home Credit Mortgage Debt Relief HR285 - Mortgage Debt Tax Forgiveness Act of 2018 HR1977 - Mortgage Forgiveness Tax Relief Act of 2019 Letter to full House in support of extending the exclusion for cancellation of mortgage debt on a principal residence Communications with Senate Finance Committee Taskforce on Mortgage Debt Forgiveness. Communications with the House and Senate regarding the Mortgage Debt Forgiveness exclusion. Carried Interest HR1735 - Carried Interest Fairness Act of 2019 S781 - Carried Interest Fairness Act of 2019 Tax Extenders HR1865 - Further Consolidated Appropriations Act, 2020 HR3301 - Taxpayer Certainty and Disaster Tax Relief Act of 2019 S617 - Tax Extender and Disaster Relief Act of 2019 Communications with the House and Senate on tax extenders and expiring tax provisions. Exclusion for Employer-Paid Student Debt HR1043 - Employer Participation in Repayment Act S460 - Employer Participation in Repayment Act of 2019 FIRPTA Repeal HR2210 - Invest in America Act Low Income Housing Tax Credit HR3077 - Affordable Housing Credit Improvement Act of 2019 S1703 - Affordable Housing Credit Improvement Act of 2019 Tax credit for refurbishing homes in troubled neighborhoods HR3316 - Neighborhood Home Investment Act Qualified Opportunity Zones S1344 - A bill to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes. HR2593 - To require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes. Discussions with the House and Senate regarding the Qualified Opportunity Zone program rulemaking. Alternative Depreciation Systems S2984 - Multifamily Depreciation Parity Act of 2019 Communications with the Senate Finance Committee and the House Ways & Means Committee regarding alternative depreciation systems. 529 Account Use for Professional Certifications HR5339 - Freedom To Invest in Tomorrow's Workforce Act COVID-19 Relief HR748 - CARES Act HR6201 - Families First Coronavirus Response Act Letter to Congressional leadership regarding extending tax deadlines for Section 1031 like-kind exchanges and the Qualified Opportunity Zone program. Discussions with the U.S. Treasury Department regarding COVID-19 relief tax provisions, extension of tax deadlines for Section 1031 like-kind exchanges and Qualified Opportunity Zones. Discussions with the White House regarding COVID-19 relief tax provisions, extension of tax deadlines for Section 1031 like-kind exchanges and Qualified Opportunity Zones. Discussions with the IRS regarding COVID-19 relief tax provisions, extension of tax deadlines for Section 1031 like-kind exchanges and Qualified Opportunity Zones.

H.R. 1680, "New Markets Tax Credit Extension Act of 2019" H.R. 1148, "2018 National Disaster Tax Relief Act" H.R. 2593, Opportunity Zone Reporting Requirements H.R. 3077, Affordable Housing Credit Improvement Act H.R. 3479, Save Affordable Housing Act of 2019 S.750, "New Markets Tax Credit Extension Act of 2019" S.1344, Opportunity Zones Reporting Requirements S 1703, Affordable Housing Credit Improvement Act S.1956, Save Affordable Housing Act of 2019

Client expense: $39,580 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Historic Tax Credit Growth and Opportunity Act (HR 2825/S. 2615) A bill to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes (S. 1344/H.R. 2593) Improving and Reinstating the Monitoring, Prevention, Accountability, Certification, and Transparency Provisions of Opportunity Zones - IMPACT Act (S. 2994)

Client expense: $51,172 · Firm income: Not reported

Government targets: Advisory Council on Historic Preservation (ACHP), Bureau of Land Management (BLM), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Institute of Museum and Library Services (IMLS), Interior, Dept of (DOI), Natl Endowment for the Arts, Natl Foundation on the Arts & Humanities, Natl Park Service (NPS), Navy, Dept of, Office of the Comptroller of the Currency (OCC), SENATE, Small Business Administration (SBA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Coast Guard (USCG), U.S. Commission of Fine Arts, Veterans Affairs, Dept of (VA)

"Carried Interest Fairness Act" H.R. 1735, S.781 Energy efficiency and clean energy tax incentives Like-Kind Exchanges (Sec.1031) Completed contract method of accounting and condominium construction (Section 460(e) FIRPTA Reform implementing regulations and FIRPTA repeal (Invest in America Act) H.R.2210 Tax technical corrections IRS Notice 2007-55 Tax reform implementation, including sections 163(j), 199A, cost recovery rules, and Opportunity Zones Qualified improvements property and "Restoring Investments in Improvements Act" S. 803, H.R. 1869 Cost recovery, residential rental property Tax guidance related to transition away from LIBOR as a reference rate Opportunity Zone reporting legislation (S. 1344, H.R. 2593) Indexing capital gains for inflation Capital gains mark-to-market Low-income housing tax credit (S. 1703, H.R. 3077) Contributions in Aid of Construction (Sec. 118) Partnership tax forms (1065 and Schedule K-1) CARES Act and CARES Act Implementation Disaster tax relief & tax deadline extensions REIT rules Cancellation of Indebtedness income NOL interaction with GILTI REMIC Rules

Client expense: $883,000 · Firm income: Not reported

Historic Tax Credit Growth and Opportunity Act (HR 2825/S. 2615) A bill to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes (S. 1344/H.R. 2593) Improving and Reinstating the Monitoring, Prevention, Accountability, Certification, and Transparency Provisions of Opportunity Zones - IMPACT Act (S. 2994)

Client expense: $40,000 · Firm income: Not reported

Government targets: Advisory Council on Historic Preservation (ACHP), Bureau of Land Management (BLM), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Institute of Museum and Library Services (IMLS), Interior, Dept of (DOI), Natl Endowment for the Arts, Natl Foundation on the Arts & Humanities, Natl Park Service (NPS), Navy, Dept of, Office of the Comptroller of the Currency (OCC), SENATE, Small Business Administration (SBA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Coast Guard (USCG), U.S. Commission of Fine Arts, Veterans Affairs, Dept of (VA)

Issues related to IRC section 1400Z (S. 1344; HR 2593; S. 2787; HR 5042; HR 5011).

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

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

Historic Tax Credit and Growth Opportunity Act (HR 2825) A Bill to require the Secretary of the Treasury to collect data and issue a report on the Opportunity Zones tax incentives enacted by the 2017 tax reform legislation, and for other purposes (S. 1344)

Client expense: $38,015 · Firm income: Not reported

Government targets: Advisory Council on Historic Preservation (ACHP), Agriculture, Dept of (USDA), Bureau of Land Management (BLM), Federal Highway Administration (FHA), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Natl Park Service (NPS), Navy, Dept of, SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Coast Guard (USCG), Veterans Affairs, Dept of (VA)

Depreciation Rules Requested Congress pass legislation to clarify that firms electing out of limits on business interest deductibility may depreciate multifamily buildings placed in service prior to 2018 over 30 years. H.R. 5313, Multifamily Depreciation Parity Act of 2019, to amend the Internal Revenue Code of 1986 to allow for certain residential rental property to be depreciated over a 30-year period, all provisions. S. 2984, Multifamily Depreciation Parity Act of 2019, to amend the Internal Revenue Code of 1986 to allow for certain residential rental property to be depreciated over a 30-year period, all provisions. Business Interest Deductibility Department of Treasury and Internal Revenue Service, 26 CFR Part 1, REG-106089-18, RIN 1545-BO73, Limitation on Deduction for Business Interest Expense, issues pertaining to: (1) the interaction between the small business exception and the real estate trade or business election (as well as resulting impacts on the depreciation of multifamily buildings); and (2) the application of the REIT safe harbor to certain controlled partnerships. Opportunity Zones Department of the Treasury and Internal Revenue Service, 26 CFR Part 1, REG-120186-18, RIN 1545-BP04, Investing in Qualified Opportunity Funds. Note: This proposed rule, as well as proposed rule: Department of Treasury and Internal Revenue Service, 26 CFR Part 1, REG-115420-18, RIN 1545-BP03, Investing in Qualified Opportunity Funds, became a final regulation on December 19, 2019: Department of the Treasury and Internal Revenue Service, 26 CFR Part 1, TD 9889, RIN 1545-BP04, Investing in Qualified Opportunity Funds. Opportunity Zones: No bill introduced but support legislative change to reduce the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone substantial improvement purposes. H.R. 2593, to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes, all provisions. H.R. 4011, to amend the Internal Revenue Code of 1986 to require lead remediation for qualified opportunity zone property originally constructed before January 1, 1978. H.R. 5011, Opportunity Zone Accountability and Transparency Act, to amend the Internal Revenue Code of 1986 to require reporting by qualified opportunity funds, all provisions. S. 1344, to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes, all provisions. S. 2787, Opportunity Zone Reporting and Reform Act, to amend the Internal Revenue Code of 1986 to require reporting for qualified opportunity funds, to make modifications to opportunity zones, and for other purposes, all provisions. S. 2994, Improving and Reinstating the Monitoring, Prevention, Accountability, Certification, and Transparency Provisions of Opportunity Zones or the IMPACT Act, to amend the Internal Revenue Code of 1986 to require information reporting with respect to the qualified opportunity zone tax incentives enacted by the 2017 tax reform legislation, to require public reports related to such tax incentives, and for other purposes, all provisions. Low-Income Housing Tax Credit, Middle-Income Housing Tax Credit, and Incentives for Housing Affordability and Infrastructure Development H.R. 3077, Affordable Housing Credit Improvement Act of 2019, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. S. 1703, Affordable Housing Credit Improvement Act of 2019, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. S. 3365 (115th Congress), Middle-Income Housing Tax Credit Act of 2018, to provide a credit for middle-income housing, and for other purposes, all provisions. Requested that any infrastructure bill include tax incentives to: expand the Low-Income Housing Tax Credit; enact the Middle-Income Housing Tax Credit; reduce the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone purposes; repeal the Foreign Investment in Real Property Tax Act; extend the IRC Section 45L New Energy Efficient Home Credit; and extend and modify the IRC Section 179D Energy Efficient Commercial Buildings Deduction to facilitate investments in improving the utility performance of existing properties. Legislative proposal, to amend the Internal Revenue Code of 1986 to permit certain contributions by governmental entities to be treated as contributions of capital and to exclude from gross income contributions of capital of a partnership. Energy H.R. 1865, Further Consolidated Appropriations Act, 2020 (became Public Law 116-94), Division Q -- Revenue Provisions, Taxpayer Certainty and Disaster Relief Act of 2019, Section 129: Energy efficient homes credit and Section 131: Energy efficient commercial buildings deduction. H.R. 4506, Home Energy Savings Act, to amend the Internal Revenue Code of 1986 to extend and update the credit for nonbusiness energy property, all provisions. H.R. 4646, New Home Energy Efficiency Act, to amend the Internal Revenue Code of 1986 to extend and update the new energy efficient home credit, all provisions. S. 2588, Home Energy Savings Act, to amend the Internal Revenue Code of 1986 to extend and update the credit for nonbusiness energy property, all provisions. S. 2595, New Home Energy Efficiency Act, to amend the Internal Revenue Code of 1986 to extend and update the new energy efficient home credit, all provisions. Draft legislation, Growing Renewable Energy and Efficiency Now Act of 2019, or the GREEN Act of 2019, to amend the Internal Revenue Code to promote green energy, Section 303: Energy efficient commercial buildings deduction and Section 304: Extension, increase, and modifications of new energy efficient home credit. Draft legislation, Energy Efficient Qualified Improvement Property Act of 2019, or the E-QuIP Act, to amend the Internal Revenue Code to allow 10-year straight line depreciation for energy efficient qualified improvement property, and for other purposes, all provisions. Estate Tax Support making permanent the Estate Tax rules enacted as part of the Tax Cuts and Jobs Act of 2017. Tax Administration Letter to Treasury Department and IRS requesting a delay of the implementation of the 2019 Draft Form 1065 and Schedule K-1 by at least one year (until 2020) to allow for a full public review and comment process. Carried Interest H.R. 1735, Carried Interest Fairness Act of 2019, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-through entities, all provisions. S. 781, Carried Interest Fairness Act of 2019, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-through entities, all provisions. S. 1639, Ending the Carried Interest Loophole Act, to amend the Internal Revenue Code of 1986 to revise the treatment of partnership interests received in connection with the performance of services, and for other purposes, all provisions. Foreign Investment in Real Property Tax Act (FIRPTA) H.R. 2210, Invest in America Act, to amend the Internal Revenue Code of 1986 to repeal certain provisions applicable to foreign investment in United States real property, all provisions.

Historic Tax Credit Growth and Opportunity Act (HR 2825/S. 2615) A bill to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes (S. 1344/H.R. 2593) Improving and Reinstating the Monitoring, Prevention, Accountability, Certification, and Transparency Provisions of Opportunity Zones - IMPACT Act (S. 2994)

Client expense: $38,815 · Firm income: Not reported

Government targets: Advisory Council on Historic Preservation (ACHP), Bureau of Land Management (BLM), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Natl Park Service (NPS), Navy, Dept of, Office of the Comptroller of the Currency (OCC), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Coast Guard (USCG), Veterans Affairs, Dept of (VA)

H.R. 1680, "New Markets Tax Credit Extension Act of 2019" H.R. 1148, "2018 National Disaster Tax Relief Act" H.R. 2593, Opportunity Zone Reporting Requirements H.R. 3077, Affordable Housing Credit Improvement Act H.R. 3479, Save Affordable Housing Act of 2019 S.750, "New Markets Tax Credit Extension Act of 2019" S.1344, Opportunity Zones Reporting Requirements S 1703, Affordable Housing Credit Improvement Act S.1956, Save Affordable Housing Act of 2019

Client expense: $50,009 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Tax Reform HR188 - SALT Deductibility Act HR216 - Main Street Tax Certainty Act HR257 - SALT Fairness Act of 2019 HR515 - State And Local Tax Deduction Fairness Act of 2019 HR1142 - SALT Act HR1757 - To amend the Internal Revenue Code of 1986 to increase the limitation on the amount individuals can deduct for certain State and local taxes. HR1865 - Further Consolidated Appropriations Act, 2020 HR1869 - Restoring Investment in Improvements Act HR2624 - SALT Relief and Marriage Penalty Elimination Act of 2019 HR4274 - Cutting Local Taxes by Reinstating SALT Act HR5377 - Restoring Tax Fairness for States and Localities Act S437 - SALT Act S803 - Restoring Investment in Improvements Act S1149 - A bill to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income. New Energy Efficient Home Credit Letter to House Ways & Means in support of renewing the New Energy Efficient Home Credit Mortgage Debt Relief HR285 - Mortgage Debt Tax Forgiveness Act of 2018 HR1977 - Mortgage Forgiveness Tax Relief Act of 2019 Letter to full House in support of extending the exclusion for cancellation of mortgage debt on a principal residence Communications with Senate Finance Committee Taskforce on Mortgage Debt Forgiveness. Communications with the House and Senate regarding the Mortgage Debt Forgiveness exclusion. Carried Interest HR1735 - Carried Interest Fairness Act of 2019 S781 - Carried Interest Fairness Act of 2019 Tax Extenders HR1865 - Further Consolidated Appropriations Act, 2020 HR3301 - Taxpayer Certainty and Disaster Tax Relief Act of 2019 S617 - Tax Extender and Disaster Relief Act of 2019 Communications with the House and Senate on tax extenders and expiring tax provisions. Exclusion for Employer-Paid Student Debt HR1043 - Employer Participation in Repayment Act S460 - Employer Participation in Repayment Act of 2019 FIRPTA Repeal HR2210 - Invest in America Act Low Income Housing Tax Credit HR3077 - Affordable Housing Credit Improvement Act of 2019 S1703 - Affordable Housing Credit Improvement Act of 2019 Tax credit for refurbishing homes in troubled neighborhoods HR3316 - Neighborhood Home Investment Act Qualified Opportunity Zones S1344 - A bill to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes. Discussions with the House and Senate regarding the Qualified Opportunity Zone program rulemaking. Alternative Depreciation Systems S2984 - Multifamily Depreciation Parity Act of 2019 Communications with the Senate Finance Committee and the House Ways & Means Committee regarding alternative depreciation systems. Discussions with the U.S. Treasury Department regarding tax reform, Qualified Opportunity Zones.

Issues relating to economic development of distressed communities, including IRC section 1400Z, S. 1344, H.R. 2593,S. 2994,S. 2787, andH.R. 5042.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office

Issues relating to economic development of distressed communities, including IRC section 1400Z, S. 1344, H.R. 2593,S. 2994,S. 2787, andH.R. 5042. Issues relating to non-compete agreements and their effects on economic dynamism, including S. 2614. Issues relating to demographic trends, labor force issues and the availability of human capital.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office

"Carried Interest Fairness Act" H.R. 1735, S.781 Internet sales tax legislation Energy efficiency and clean energy tax incentives Like-Kind Exchanges (Sec.1031) Completed contract method of accounting and condominium construction (Section 460(e) FIRPTA Reform implementing regulations and FIRPTA repeal (Invest in America Act) H.R.2210 Tax technical corrections IRS Notice 2007-55 Tax reform implementation, including sections 163(j), 199A, cost recovery rules, and Opportunity Zones Qualified improvements property and "Restoring Investments in Improvements Act" S. 803, H.R. 1869 Cost recovery, residential rental property Tax guidance related to transition away from LIBOR as a reference rate Tax extenders legislation, S. 617 Opportunity Zone reporting legislation (S. 1344, H.R. 2593) Indexing capital gains for inflation Capital gains mark-to-market Low-income housing tax credit (S. 1703, H.R. 3077) Contributions in Aid of Construction (Sec. 118) Partnership tax forms (1065 and Schedule K-1)

Client expense: $1,154,845 · Firm income: Not reported

Depreciation Rules Requested Congress pass legislation to clarify that firms electing out of limits on business interest deductibility may depreciate multifamily buildings placed in service prior to 2018 over 30 years. H.R. 5313, Multifamily Depreciation Parity Act of 2019, to amend the Internal Revenue Code of 1986 to allow for certain residential rental property to be depreciated over a 30-year period, all provisions. S. 2984, Multifamily Depreciation Parity Act of 2019, to amend the Internal Revenue Code of 1986 to allow for certain residential rental property to be depreciated over a 30-year period, all provisions. Business Interest Deductibility Department of Treasury and Internal Revenue Service, 26 CFR Part 1, REG-106089-18, RIN 1545-BO73, Limitation on Deduction for Business Interest Expense, issues pertaining to: (1) the interaction between the small business exception and the real estate trade or business election (as well as resulting impacts on the depreciation of multifamily buildings); and (2) the application of the REIT safe harbor to certain controlled partnerships. Opportunity Zones Department of the Treasury and Internal Revenue Service, 26 CFR Part 1, REG-120186-18, RIN 1545-BP04, Investing in Qualified Opportunity Funds. Note: This proposed rule, as well as proposed rule: Department of Treasury and Internal Revenue Service, 26 CFR Part 1, REG-115420-18, RIN 1545-BP03, Investing in Qualified Opportunity Funds, became a final regulation on December 19, 2019: Department of the Treasury and Internal Revenue Service, 26 CFR Part 1, TD 9889, RIN 1545-BP04, Investing in Qualified Opportunity Funds. Opportunity Zones: No bill introduced but support legislative change to reduce the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone substantial improvement purposes. H.R. 2593, to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes, all provisions. H.R. 4011, to amend the Internal Revenue Code of 1986 to require lead remediation for qualified opportunity zone property originally constructed before January 1, 1978. H.R. 5011, Opportunity Zone Accountability and Transparency Act, to amend the Internal Revenue Code of 1986 to require reporting by qualified opportunity funds, all provisions. S. 1344, to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes, all provisions. S. 2787, Opportunity Zone Reporting and Reform Act, to amend the Internal Revenue Code of 1986 to require reporting for qualified opportunity funds, to make modifications to opportunity zones, and for other purposes, all provisions. S. 2994, Improving and Reinstating the Monitoring, Prevention, Accountability, Certification, and Transparency Provisions of Opportunity Zones or the IMPACT Act, to amend the Internal Revenue Code of 1986 to require information reporting with respect to the qualified opportunity zone tax incentives enacted by the 2017 tax reform legislation, to require public reports related to such tax incentives, and for other purposes, all provisions. Low-Income Housing Tax Credit, Middle-Income Housing Tax Credit, and Incentives for Housing Affordability and Infrastructure Development H.R. 3077, Affordable Housing Credit Improvement Act of 2019, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. S. 1703, Affordable Housing Credit Improvement Act of 2019, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. S. 3365 (115th Congress), Middle-Income Housing Tax Credit Act of 2018, to provide a credit for middle-income housing, and for other purposes, all provisions. Requested that any infrastructure bill include tax incentives to: expand the Low-Income Housing Tax Credit; enact the Middle-Income Housing Tax Credit; reduce the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone purposes; repeal the Foreign Investment in Real Property Tax Act; extend the IRC Section 45L New Energy Efficient Home Credit; and extend and modify the IRC Section 179D Energy Efficient Commercial Buildings Deduction to facilitate investments in improving the utility performance of existing properties. Legislative proposal, to amend the Internal Revenue Code of 1986 to permit certain contributions by governmental entities to be treated as contributions of capital and to exclude from gross income contributions of capital of a partnership. Energy H.R. 1865, Further Consolidated Appropriations Act, 2020 (became Public Law 116-94), Division Q -- Revenue Provisions, Taxpayer Certainty and Disaster Relief Act of 2019, Section 129: Energy efficient homes credit and Section 131: Energy efficient commercial buildings deduction. H.R. 4506, Home Energy Savings Act, to amend the Internal Revenue Code of 1986 to extend and update the credit for nonbusiness energy property, all provisions. H.R. 4646, New Home Energy Efficiency Act, to amend the Internal Revenue Code of 1986 to extend and update the new energy efficient home credit, all provisions. S. 2588, Home Energy Savings Act, to amend the Internal Revenue Code of 1986 to extend and update the credit for nonbusiness energy property, all provisions. S. 2595, New Home Energy Efficiency Act, to amend the Internal Revenue Code of 1986 to extend and update the new energy efficient home credit, all provisions. Draft legislation, Growing Renewable Energy and Efficiency Now Act of 2019, or the GREEN Act of 2019, to amend the Internal Revenue Code to promote green energy, Section 303: Energy efficient commercial buildings deduction and Section 304: Extension, increase, and modifications of new energy efficient home credit. Draft legislation, Energy Efficient Qualified Improvement Property Act of 2019, or the E-QuIP Act, to amend the Internal Revenue Code to allow 10-year straight line depreciation for energy efficient qualified improvement property, and for other purposes, all provisions. Estate Tax Support making permanent the Estate Tax rules enacted as part of the Tax Cuts and Jobs Act of 2017. Tax Administration Letter to Treasury Department and IRS requesting a delay of the implementation of the 2019 Draft Form 1065 and Schedule K-1 by at least one year (until 2020) to allow for a full public review and comment process. Carried Interest H.R. 1735, Carried Interest Fairness Act of 2019, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-through entities, all provisions. S. 781, Carried Interest Fairness Act of 2019, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-through entities, all provisions. S. 1639, Ending the Carried Interest Loophole Act, to amend the Internal Revenue Code of 1986 to revise the treatment of partnership interests received in connection with the performance of services, and for other purposes, all provisions. Foreign Investment in Real Property Tax Act (FIRPTA) H.R. 2210, Invest in America Act, to amend the Internal Revenue Code of 1986 to repeal certain provisions applicable to foreign investment in United States real property, all provisions.

Issues related to IRC section 1400Z (S. 1344; HR 2593; S. 2787; HR 5042; HR 5011).

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

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

Historic Tax Credit Growth and Opportunity Act (HR 2825/S. 2615) A bill to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes (S. 1344/H.R. 2593) Improving and Reinstating the Monitoring, Prevention, Accountability, Certification, and Transparency Provisions of Opportunity Zones - IMPACT Act (S. 2994)

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

Government targets: Advisory Council on Historic Preservation (ACHP), Bureau of Land Management (BLM), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Natl Park Service (NPS), Navy, Dept of, Office of the Comptroller of the Currency (OCC), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Coast Guard (USCG), Veterans Affairs, Dept of (VA)

Historic Tax Credit and Growth Opportunity Act (HR 2825/S.___) A Bill to require the Secretary of the Treasury to collect data and issue a report on the Opportunity Zones tax incentives enacted by the 2017 tax reform legislation, and for other purposes (S. 1344/H.R. 2593)

Client expense: $27,856 · Firm income: Not reported

Government targets: Advisory Council on Historic Preservation (ACHP), Agriculture, Dept of (USDA), Bureau of Land Management (BLM), Federal Highway Administration (FHA), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Natl Park Service (NPS), Navy, Dept of, SENATE, Transportation, Dept of (DOT), U.S. Coast Guard (USCG), Veterans Affairs, Dept of (VA)

H.R. 1680, "New Markets Tax Credit Extension Act of 2019" H.R. 1148, "2018 National Disaster Tax Relief Act" H.R. 2593, Opportunity Zone Reporting Requirements H.R. 3077, Affordable Housing Credit Improvement Act H.R. 3479, Save Affordable Housing Act of 2019 S.750, "New Markets Tax Credit Extension Act of 2019" S.1344, Opportunity Zones Reporting Requirements S 1703, Affordable Housing Credit Improvement Act S.1956, Save Affordable Housing Act of 2019

Client expense: $539,649 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues relating to economic development of distressed communities, including IRC section 1400Z, S. 1344, and H.R.2593.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office

Issues relating to economic development of distressed communities, including IRC section 1400Z, S. 1344, and H.R.2593. Issues relating to non-compete agreements, their effects on economic dynamism, and potential corresponding legislation. Issues relating to demographic trends, labor force issues and the availability of human capital.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office

Tax Reform HR188 - SALT Deductibility Act HR216 - Main Street Tax Certainty Act HR257 - SALT Fairness Act of 2019 HR515 - State And Local Tax Deduction Fairness Act of 2019 HR1142 - SALT Act HR1757 - To amend the Internal Revenue Code of 1986 to increase the limitation on the amount individuals can deduct for certain State and local taxes. HR1869 - Restoring Investment in Improvements Act HR2624 - SALT Relief and Marriage Penalty Elimination Act of 2019 HR4274 - Cutting Local Taxes by Reinstating SALT Act S437 - SALT Act S803 - Restoring Investment in Improvements Act S1149 - A bill to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income. New Energy Efficient Home Credit Letter to House Ways & Means in support of renewing the New Energy Efficient Home Credit Mortgage Debt Relief HR285 - Mortgage Debt Tax Forgiveness Act of 2018 HR1977 - Mortgage Forgiveness Tax Relief Act of 2019 Letter to full House in support of extending the exclusion for cancellation of mortgage debt on a principal residence Communications with Senate Finance Committee Taskforce on Mortgage Debt Forgiveness. Communications with the House and Senate regarding the Mortgage Debt Forgiveness exclusion. Carried Interest HR1735 - Carried Interest Fairness Act of 2019 S781 - Carried Interest Fairness Act of 2019 Tax Extenders HR3301 - Taxpayer Certainty and Disaster Tax Relief Act of 2019 S617 - Tax Extender and Disaster Relief Act of 2019 Communications with the House and Senate on tax extenders and expiring tax provisions. Exclusion for Employer-Paid Student Debt HR1043 - Employer Participation in Repayment Act S460 - Employer Participation in Repayment Act of 2019 FIRPTA Repeal HR2210 - Invest in America Act Low Income Housing Tax Credit HR3077 - Affordable Housing Credit Improvement Act of 2019 S1703 - Affordable Housing Credit Improvement Act of 2019 Tax credit for refurbishing homes in troubled neighborhoods HR3316 - Neighborhood Home Investment Act Qualified Opportunity Zones S1344 - A bill to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes. Discussions with the House and Senate regarding the Qualified Opportunity Zone program rulemaking. Alternative Depreciation Systems Communications with the Senate Finance Committee and the House Ways & Means Committee regarding alternative depreciation systems. Discussions with the U.S. Treasury Department regarding tax reform. Contacts with the Department of Housing and Urban Development regarding the Qualified Opportunity Zone program. Contacts with the White House regarding the Qualified Opportunity Zone program.

Depreciation Rules Requested Congress pass legislation or, alternatively, that the Treasury Department revisit Rev. Proc. 2019-08 and clarify through the regulatory process that firms electing out of limits on business interest deductibility may depreciate multifamily buildings placed in service prior to 2018 over 30 years. Business Interest Deductibility Department of Treasury and Internal Revenue Service, 26 CFR Part 1, REG-106089-18, RIN 1545-BO73, Limitation on Deduction for Business Interest Expense, issues pertaining to: (1) the interaction between the small business exception and the real estate trade or business election (as well as resulting impacts on the depreciation of multifamily buildings); and (2) the application of the REIT safe harbor to certain controlled partnerships. Opportunity Zones Department of the Treasury and Internal Revenue Service, 26 CFR Part 1, REG-120186-18, RIN 1545-BP04, Investing in Qualified Opportunity Funds. Opportunity Zones: No bill introduced but support legislative change to reduce the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone substantial improvement purposes. S. 1344, to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes, all provisions. H.R. 2593, to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes, all provisions. H.R. 4011, to amend the Internal Revenue Code of 1986 to require lead remediation for qualified opportunity zone property originally constructed before January 1, 1978. Low-Income Housing Tax Credit, Middle-Income Housing Tax Credit, and Incentives for Housing Affordability and Infrastructure Development H.R. 3077, Affordable Housing Credit Improvement Act of 2019, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. S. 1703, Affordable Housing Credit Improvement Act of 2019, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. H.R. 3479, Save Affordable Housing Act of 2019, to amend the Internal Revenue Code of 1986 to repeal the qualified contract exception to the extended low-income housing commitment rules for purposes of the low-income housing credit, and for other purposes, all provisions. S. 1956, Save Affordable Housing Act of 2019, to amend the Internal Revenue Code of 1986 to repeal the qualified contract exception to the extended low-income housing commitment rules for purposes of the low-income housing credit, and for other purposes, all provisions. S. 3365 (115th Congress), Middle-Income Housing Tax Credit Act of 2018, to provide a credit for middle-income housing, and for other purposes, all provisions. Legislative proposal, Renters Tax Credit Act of 2019, to amend the Internal Revenue Code of 1986 to provide a tax credit to taxpayers who provide reductions in rent to their tenants under State rental reduction programs, and for other purposes, all provisions. Requested that any infrastructure bill include tax incentives to: expand the Low-Income Housing Tax Credit; enact the Middle-Income Housing Tax Credit; reduce the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone purposes; repeal the Foreign Investment in Real Property Tax Act; extend the IRC Section 45L New Energy Efficient Home Credit; and extend and modify the IRC Section 179D Energy Efficient Commercial Buildings Deduction to facilitate investments in improving the utility performance of existing properties. Legislative proposal, to amend the Internal Revenue Code of 1986 to permit certain contributions by governmental entities to be treated as contributions of capital and to exclude from gross income contributions of capital of a partnership. Legislative proposal to spur housing development and infrastructure through: (1) tax-exempt bond financing in designated areas; and (2) increased community development block grant funding provided to States, local governments, and Indian tribes based on the extent to which those entities streamline development requirements for affordable housing, eliminate or reduce impact fees, and provide assurances they will supplement costs. Energy Support extending Energy efficient homes credit (IRC 45L) and Energy efficient commercial buildings deduction (IRC 179D). Also support modifying 179D to incentivize retrofits and allow REITs to benefit. H.R. 3301, The Taxpayer Certainty and Disaster Relief Act of 2019, to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, to provide disaster relief, and for other purposes. Section 129: Energy efficient homes credit. Section 131: Energy efficient commercial buildings deduction. Section 201: Reduction of unified credit against estate tax. H.R. 4506, Home Energy Savings Act, to amend the Internal Revenue Code of 1986 to extend and update the credit for nonbusiness energy property, all provisions. S. 1288, Clean Energy for America Act, Title III -- Energy Efficiency Incentives: Section 301: Credit for new energy efficient residential buildings, Section 304: Deduction for new energy efficient commercial buildings, Section 305: Energy efficiency deduction for existing commercial buildings, and Section 306: Temporary extension of existing energy efficiency incentives. S. 2588, Home Energy Savings Act, to amend the Internal Revenue Code of 1986 to extend and update the credit for nonbusiness energy property, all provisions. Legislative tax proposal (Energy Efficient Qualified Improvement Property (E-QUIP)) to establish a 10-year depreciation period for high-performance energy-efficient qualified improvement property (i.e., heating, cooling, ventilation and hot water; lighting; and envelope) installed in a covered building, including a multifamily building. Legislative proposal, New Home Energy Efficiency Act, to amend the Internal Revenue Code of 1986 to extend and update the new energy efficient home credit, all provisions. Carried Interest H.R. 1735, Carried Interest Fairness Act of 2019, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-through entities, all provisions. H.R. 3848, Stop Wall Street Looting Act, to require the Securities and Exchange Commission to issue rules requiring private funds to publicly disclose certain information, and for other purposes: Title II -- Anti-Looting, Section 204, Limitation on deduction for business interest of certain businesses owned by private funds. Title IV -- Closing the Carried Interest Loophole, all provisions. S. 781, Carried Interest Fairness Act of 2019, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-through entities, all provisions. S. 1639, Ending the Carried Interest Loophole Act, to amend the Internal Revenue Code of 1986 to revise the treatment of partnership interests received in connection with the performance of services, and for other purposes, all provisions. S. 2155, Stop Wall Street Looting Act, to require the Securities and Exchange Commission to issue rules requiring private funds to publicly disclose certain information, and for other purposes: Title II -- Anti-Looting, Section 204, Limitation on deduction for business interest of certain businesses owned by private funds. Title IV -- Closing the Carried Interest Loophole, all provisions. Foreign Investment in Real Property Tax Act (FIRPTA) H.R. 2210, Invest in America Act, to amend the Internal Revenue Code of 1986 to repeal certain provisions applicable to foreign investment in United States real property, all provisions. Taxation of Capital Gains Monitored and analyzed proposal for Treasury Department to issue regulation that would index capital gains to inflation. Proposal by Senate Finance Committee Ranking Member Ron Wyden, Treat Wealth Like Wages, A plan to fix our broken tax code, ensure the wealthy pay their fair share, and protect Social Security.

"Carried Interest Fairness Act" H.R. 1735, S.781 Internet sales tax legislation Energy efficiency and clean energy tax incentives Like-Kind Exchanges (Sec.1031) Completed contract method of accounting and condominium construction (Section 460(e) FIRPTA Reform implementing regulations and FIRPTA repeal (Invest in America Act) H.R.2210 Tax technical corrections Tax regulatory reform (Executive Order 13789) IRS Notice 2007-55 Tax reform implementation, including sections 163(j), 199A, cost recovery rules, and Opportunity Zones Qualified improvements property and "Restoring Investments in Improvements Act" S. 803, H.R. 1869 Cost recovery, residential rental property Tax guidance related to transition away from LIBOR as a reference rate Tax extenders legislation, S. 617 Opportunity Zone reporting legislation (S. 1344, H.R. 2593) Indexing capital gains for inflation Capital gains mark-to-market Low-income housing tax credit (S. 1703, H.R. 3077) Contributions in Aid of Construction (Sec. 118)

Client expense: $1,153,161 · Firm income: Not reported

H.R. 1680, "New Markets Tax Credit Extension Act of 2019" H.R. 1148, "2018 National Disaster Tax Relief Act" H.R. 2593, Opportunity Zone Reporting Requirements H.R. 3077, Affordable Housing Credit Improvement Act H.R. 3479, Save Affordable Housing Act of 2019 S.750, "New Markets Tax Credit Extension Act of 2019" S.1344, Opportunity Zones Reporting Requirements S 1703, Affordable Housing Credit Improvement Act S.1956, Save Affordable Housing Act of 2019

Client expense: $64,181 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Depreciation Rules Requested Congress pass legislation or, alternatively, that the Treasury Department revisit Rev. Proc. 2019-08 and clarify through the regulatory process that firms electing out of limits on business interest deductibility may depreciate multifamily buildings placed in service prior to 2018 over 30 years. Business Interest Deductibility Department of Treasury and Internal Revenue Service, 26 CFR Part 1, REG-106089-18, RIN 1545-BO73, Limitation on Deduction for Business Interest Expense, issues pertaining to: (1) the interaction between the small business exception and the real estate trade or business election (as well as resulting impacts on the depreciation of multifamily buildings); and (2) the application of the REIT safe harbor to certain controlled partnerships. Opportunity Zones Department of the Treasury and Internal Revenue Service, 26 CFR Part 1, REG-120186-18, RIN 1545-BP04, Investing in Qualified Opportunity Funds. Opportunity Zones: No bill introduced but support legislative change to reduce the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone substantial improvement purposes. S. 1344, to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes, all provisions. H.R. 2593, to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes, all provisions. H.R. 4011, to amend the Internal Revenue Code of 1986 to require lead remediation for qualified opportunity zone property originally constructed before January 1, 1978. Low-Income Housing Tax Credit, Middle-Income Housing Tax Credit, and Incentives for Housing Affordability and Infrastructure Development H.R. 3077, Affordable Housing Credit Improvement Act of 2019, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. S. 1703, Affordable Housing Credit Improvement Act of 2019, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. H.R. 3479, Save Affordable Housing Act of 2019, to amend the Internal Revenue Code of 1986 to repeal the qualified contract exception to the extended low-income housing commitment rules for purposes of the low-income housing credit, and for other purposes, all provisions. S. 1956, Save Affordable Housing Act of 2019, to amend the Internal Revenue Code of 1986 to repeal the qualified contract exception to the extended low-income housing commitment rules for purposes of the low-income housing credit, and for other purposes, all provisions. S. 3365 (115th Congress), Middle-Income Housing Tax Credit Act of 2018, to provide a credit for middle-income housing, and for other purposes, all provisions. Legislative proposal, Renters Tax Credit Act of 2019, to amend the Internal Revenue Code of 1986 to provide a tax credit to taxpayers who provide reductions in rent to their tenants under State rental reduction programs, and for other purposes, all provisions. Requested that any infrastructure bill include tax incentives to: expand the Low-Income Housing Tax Credit; enact the Middle-Income Housing Tax Credit; reduce the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone purposes; repeal the Foreign Investment in Real Property Tax Act; extend the IRC Section 45L New Energy Efficient Home Credit; and extend and modify the IRC Section 179D Energy Efficient Commercial Buildings Deduction to facilitate investments in improving the utility performance of existing properties. Legislative proposal, to amend the Internal Revenue Code of 1986 to permit certain contributions by governmental entities to be treated as contributions of capital and to exclude from gross income contributions of capital of a partnership. Legislative proposal to spur housing development and infrastructure through: (1) tax-exempt bond financing in designated areas; and (2) increased community development block grant funding provided to States, local governments, and Indian tribes based on the extent to which those entities streamline development requirements for affordable housing, eliminate or reduce impact fees, and provide assurances they will supplement costs. Energy Support extending Energy efficient homes credit (IRC 45L) and Energy efficient commercial buildings deduction (IRC 179D). Also support modifying 179D to incentivize retrofits and allow REITs to benefit. H.R. 3301, The Taxpayer Certainty and Disaster Relief Act of 2019, to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, to provide disaster relief, and for other purposes. Section 129: Energy efficient homes credit. Section 131: Energy efficient commercial buildings deduction. Section 201: Reduction of unified credit against estate tax. H.R. 4506, Home Energy Savings Act, to amend the Internal Revenue Code of 1986 to extend and update the credit for nonbusiness energy property, all provisions. S. 1288, Clean Energy for America Act, Title III -- Energy Efficiency Incentives: Section 301: Credit for new energy efficient residential buildings, Section 304: Deduction for new energy efficient commercial buildings, Section 305: Energy efficiency deduction for existing commercial buildings, and Section 306: Temporary extension of existing energy efficiency incentives. S. 2588, Home Energy Savings Act, to amend the Internal Revenue Code of 1986 to extend and update the credit for nonbusiness energy property, all provisions. Legislative tax proposal (Energy Efficient Qualified Improvement Property (E-QUIP)) to establish a 10-year depreciation period for high-performance energy-efficient qualified improvement property (i.e., heating, cooling, ventilation and hot water; lighting; and envelope) installed in a covered building, including a multifamily building. Legislative proposal, New Home Energy Efficiency Act, to amend the Internal Revenue Code of 1986 to extend and update the new energy efficient home credit, all provisions. Carried Interest H.R. 1735, Carried Interest Fairness Act of 2019, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-through entities, all provisions. H.R. 3848, Stop Wall Street Looting Act, to require the Securities and Exchange Commission to issue rules requiring private funds to publicly disclose certain information, and for other purposes: Title II -- Anti-Looting, Section 204, Limitation on deduction for business interest of certain businesses owned by private funds. Title IV -- Closing the Carried Interest Loophole, all provisions. S. 781, Carried Interest Fairness Act of 2019, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-through entities, all provisions. S. 1639, Ending the Carried Interest Loophole Act, to amend the Internal Revenue Code of 1986 to revise the treatment of partnership interests received in connection with the performance of services, and for other purposes, all provisions. S. 2155, Stop Wall Street Looting Act, to require the Securities and Exchange Commission to issue rules requiring private funds to publicly disclose certain information, and for other purposes: Title II -- Anti-Looting, Section 204, Limitation on deduction for business interest of certain businesses owned by private funds. Title IV -- Closing the Carried Interest Loophole, all provisions. Foreign Investment in Real Property Tax Act (FIRPTA) H.R. 2210, Invest in America Act, to amend the Internal Revenue Code of 1986 to repeal certain provisions applicable to foreign investment in United States real property, all provisions. Taxation of Capital Gains Monitored and analyzed proposal for Treasury Department to issue regulation that would index capital gains to inflation. Proposal by Senate Finance Committee Ranking Member Ron Wyden, Treat Wealth Like Wages, A plan to fix our broken tax code, ensure the wealthy pay their fair share, and protect Social Security.

Issues related to IRC section 1400Z (S. 1344; HR 2593).

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Historic Tax Credit and Growth Opportunity Act (HR 2825/S.___) A Bill to require the Secretary of the Treasury to collect data and issue a report on the Opportunity Zones tax incentives enacted by the 2017 tax reform legislation, and for other purposes (S. 1344/H.R> 2593)

Client expense: $40,000 · Firm income: Not reported

Government targets: Advisory Council on Historic Preservation (ACHP), Agriculture, Dept of (USDA), Bureau of Land Management (BLM), Federal Highway Administration (FHA), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Natl Park Service (NPS), Navy, Dept of, SENATE, Transportation, Dept of (DOT), U.S. Coast Guard (USCG), Veterans Affairs, Dept of (VA)

Tax Reform HR188 - SALT Deductibility Act HR216 - Main Street Tax Certainty Act HR257 - SALT Fairness Act of 2019 HR515 - State And Local Tax Deduction Fairness Act of 2019 HR1142 - SALT Act HR1757 - To amend the Internal Revenue Code of 1986 to increase the limitation on the amount individuals can deduct for certain State and local taxes. HR1869 - Restoring Investment in Improvements Act HR2624 - SALT Relief and Marriage Penalty Elimination Act of 2019 S437 - SALT Act S803 - Restoring Investment in Improvements Act S1149 - A bill to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income. New Energy Efficient Home Credit Letter to House Ways & Means in support of renewing the New Energy Efficient Home Credit Mortgage Debt Relief HR285 - Mortgage Debt Tax Forgiveness Act of 2018 HR1977 - Mortgage Forgiveness Tax Relief Act of 2019 Letter to full House in support of extending the exclusion for cancellation of mortgage debt on a principal residence Communications with Senate Finance Committee Taskforce on Mortgage Debt Forgiveness. Communications with the House and Senate regarding the Mortgage Debt Forgiveness exclusion. Carried Interest HR1735 - Carried Interest Fairness Act of 2019 S781 - Carried Interest Fairness Act of 2019 Tax Extenders HR3301 - Taxpayer Certainty and Disaster Tax Relief Act of 2019 S617 - Tax Extender and Disaster Relief Act of 2019 Communications with the House and Senate on tax extenders. Exclusion for Employer-Paid Student Debt HR1043 - Employer Participation in Repayment Act FIRPTA Repeal HR2210 - Invest in America Act Low Income Housing Tax Credit HR3077 - Affordable Housing Credit Improvement Act of 2019 S1703 - Affordable Housing Credit Improvement Act of 2019 Tax credit for refurbishing homes in troubled neighborhoods HR3316 - Neighborhood Home Investment Act Qualified Opportunity Zones S1344 - A bill to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes. Discussions with the House and Senate regarding the Qualified Opportunity Zone program rulemaking. Contacts with the Internal Revenue Service (IRS) regarding the Qualified Opportunity Zone program. Discussions with the U.S. Treasury Department regarding the Qualified Opportunity Zone program. Contacts with the Department of Housing and Urban Development regarding the Qualified Opportunity Zone program. Contacts with the White House regarding the Qualified Opportunity Zone program.