1136 -- Affordable Housing Credit Improvement Act of 2021 | Poliscope

Affordable Housing Credit Improvement Act of 2021

1136

117th Congress

Taxation

In Committee

Legislative Progress

✓

Introduced

Committee

Floor Vote

Other Chamber

Enacted

Introduced

April 15, 2021

Latest Action

April 15, 2021

Primary Sponsor

Maria CantwellDemocratic(WA)

Momentum (last 30 days)

score

0 actions · 0 new cosponsors · 0 votes

Speed vs cohort

0pct

0d open

vs 5,357 other S bills in the 117th — cohort avg 38d

Summary

Affordable Housing Credit Improvement Act of 2021 This bill revises provisions of the low-income housing tax credit and renames it as the affordable housing credit . The bill increases the per capita dollar amount of the credit and its minimum ceiling amount beginning in 2021 and extends the inflation adjustment for such amounts. The bill modifies tenant income eligibility requirements and the average income formula for determining such income. It also revises rules for student occupancy of rental units and tenant voucher payments, and prohibits any refusal to rent to victims of domestic abuse. The bill further modifies the credit to increase state allocations of the credit; repeal the qualified census tract population cap; prohibit local approval and contribution requirements; increase the credit for certain projects designated to serve extremely low-income households; increase the credit for certain bond-financed projects designated by state agencies; eliminate the basis reduction for properties that receive certain energy-related tax benefits; and increase the population cap for difficult development areas (i.e., areas with high construction, land, and utility costs relative to area median gross income). The bill also includes Indian and rural areas as difficult development areas and modifies other requirements relating to casualty losses, acquisition credits, and foreclosures.

Lobbying filings that explicitly cite this bill (50)

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Filing registrants (23)

HANCE SCARBOROUGH (7)ALSTON & BIRD LLP (8)SmithBucklin Corporation (5)KERRIE RUSHTON (8)DAVIS & HARMAN LLP (6)THOMAS WALTERS & ASSOCIATES, INC. (2)VENN STRATEGIES (1)CALFEE STRATEGIC SOLUTIONS (2)ARENTFOX SCHIFF LLP (1)BIPARTISAN POLICY CENTER ACTION (12)

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ENTERPRISE COMMUNITY PARTNERS, INC.

Subjects (27)

Assault and harassment offenses

Business investment and capital

Census and government statistics

Crime victims

Disability and paralysis

Domestic violence and child abuse

Energy efficiency and conservation

Higher education

Housing and community development funding

Actions (2)

April 15, 2021

Read twice and referred to the Committee on Finance.

April 15, 2021

Introduced in Senate

Committees

Committee	Chamber	Activity	Date
Finance Committee	Senate	Referred to	April 15, 2021

Text Versions

Version	Date	Links
Introduced in Senate	April 15, 2021	XML

Cosponsors (43)

Name	Party	State
Alex Padilla	Democratic	CA
Amy Klobuchar	Democratic	MN
Ben Ray Luján	Democratic	NM

Related Bills (2)

Bill	Congress	Relationship
HR 4204	117th	Related bill
HR 2573	117th	Identical bill

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Sources: Congress.gov

UP FOR GROWTH ACTION INCclient→UP FOR GROWTH ACTION INC

2022 · fourth_quarter · Housing

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Cited source text, amounts, lobbyists, and targets

H.R. 2483/S. 3237, Build More Housing Near Transit Act of 2021; H.R. 2126/S. 902, Housing Supply and Affordability Act; H.R. 3198/S. 1614, Yes in my Backyard Act; H.R. 6307, Tiny Homes for Homeless Veterans; Housing, Opportunity, Mobility, and Equity (HOME) Act; Build Back Better; S. 768, Better Planning and Land-Use for Accessible Neighborhoods Act; H.R. 1615, Maximizing Our Redevelopment and Efficiency for Transit Oriented Development (More TOD) Act of 2021; Task Force on the Impact of the Affordable Housing Credit Improvement Act; H.R. 2573/S. 1136, Affordable Housing Credit Improvement Act of 2021; H.R. 2143/S. 98, Neighborhood Homes Investment Act; H.R. 3680, Promoting Affordable Housing Near Transit Act; H.R. 816, Restoring Communities Left Behind Act; H.R. 1483, Revitalizing Economies, Housing, And Businesses (REHAB) Act of 2021; H.R. 1360, American Dream Down Payment Act of 2021; S. 1820, Choice in Affordable Housing Act of 2021; H.R. 1728, Strategy and Investment in Rural Housing Preservation Act of 2021; S. 2256, Charitable Conservation Easement Program Integrity Act of 2021; Housing tax credits; Community Development Block Grant program; Surface Transportation Black Grant program; Accessory Dwelling Units; Appointing Solomon Greene to the Office of Policy Development and Research at the Department of Housing and Urban Development; FY23 Appropriations; H.R. 2543, Federal Reserve Racial and Economic Equity Act; H.R. 4759/S. 2511, Revitalizing Downtowns Act; H.R. 7078, LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence (LIFELINE) Act; S. 4485, Fair Housing Improvement Act of 2022; H.R. 5756, Portal for Appraisal Licensing Act of 2021; S. 4062, Helping Open Underutilized Space to Ensure Shelter (HOUSES) Act of 2022.

Client expense: $140,000 · Firm income: Not reported

S. 1136

BARBARA EHIMIKA MICHAEL KINGSELLA

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

NATIONAL ASSOCIATION OF REALTORSclient→NATIONAL ASSOCIATION OF REALTORS

2022 · fourth_quarter · Taxation/Internal Revenue Code

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Cited source text, amounts, lobbyists, and targets

Extension and Expansion of Credits for Paid Sick and Family Leave and Employee Retention HR1319 - The American Rescue Plan Act of 2021 State and Local Tax Deduction HR202 - SALT Fairness Act HR613 - SALT Deductibility Act HR946 - SALT Act HR2439 - SALT Fairness for Working Families Act HR3925 - SHELTER Act HR5565 - Banana Stand Money Act S85 - SALT Deductibility Act S804 - SALT Deduction Fairness Act Communications with the House of Representatives re: the SALT cap. Section 199A Deduction HR1381 - Main Street Certainty Act HR5376 - Inflation Reduction Act of 2022S480 - Main Street Tax Certainty Act S2387, the Small Business Tax Fairness Act Communications with the House Ways & Means Committee and the Senate Finance Committee opposing the repeal of the Section 199A Qualified Business Interest Deduction. Opportunity Zones HR970 - The Opportunity Zone Extension Act HR4177 - The Expanding Opportunity Zones Act Communications with the U.S. Senate in support of extending the Qualified Opportunity Zone program deadlines. Section 1031 Like-Kind Exchanges HR1742 - The Real Estate Exchange Fairness Act HR5376 - Inflation Reduction Act of 2022 Conversations with the U.S. House of Representatives and the U.S. Senate in support of retaining Section 1031 Like-Kind Exchanges. Neighborhood Homes Investment Act S98 - The Neighborhood Homes Investment Act HR2143 - The Neighborhood Homes Investment Act Conversations with the U.S. House of Representatives and the U.S. Senate supporting bolstering the NHIA. First time homebuyer tax credits HR2863 - First-Time Homebuyer Act of 2021 Conversations with the U.S. House of Representatives and the U.S. Senate in support of a first-time homebuyer tax credit. Low Income Housing Tax Credit HR4204, the Affordable House Act Conversations with the U.S. House of Representatives and the U.S. Senate in support of bolstering the Low Income Housing Tax Credit. Increasing Housing Supply HR2617 - Consolidated Appropriations Act, 2023 Conversations with the U.S. House of Representatives and the U.S. Senate in support of tax incentives to create more housing supply and more housing options for first-time homebuyers. Communications with the House and Senate regarding legislative proposals to convert underused/abandoned commercial properties into residential real estate Estate Tax Reform HR1712 - Death Tax Repeal Act HR5376 - Inflation Reduction Act of 2022 S617 - Death Tax Repeal Act Affordable Housing HR2573 - Affordable Housing Credit Improvement Act of 2021 HR2617 - Consolidated Appropriations Act, 2023 HR2768 - American Housing and Economic Mobility Act HR5376 - Inflation Reduction Act of 2022 S1136 - Affordable Housing Credit Improvement Act of 2021 S1368 - American Housing and Economic Mobility Act Commercial Real Estate Conversion Tax Credits HR4759 - The Revitalizing Downtowns Act S2511 - The Revitalizing Downtowns Act Discussions with the House and Senate regarding policy proposals to encourage converting underutilized commercial real estate into residential housing units. Carried Interest HR1068 - The Carried Interest Fairness Act HR5376 - Inflation Reduction Act of 2022 S1598 - Carried Interest Fairness Act of 2021 Capital Gains HR9015 - More Homes on the Market Act Discussions regarding proposed legislation, the Sensible Taxation and Equity Promotion (STEP) Act. Communications with the House and Senate opposing increases to the capital gains tax rate and taxing of unrealized capital gains Energy Efficiency Tax Incentives HR2346 - E-QUIP Act HR5376 - Inflation Reduction Act of 2022 Tax Credit for Disaster Mitigation/Expenses S1805 - Shelter Act REITs HR3123 - Parity for Non-Traded REITs Act Partnership Tax Rules Communications with the Senate Finance Committee about proposed legislation to change the partnership tax rules Tax Reform HR2275 - The Mortgage Debt Tax Forgiveness Act HR2276 - the Mortgage Insurance Tax Deduction Act HR2286 - A bill to treat property transferred by gift or at death as sold for fair market value HR5376 - Inflation Reduction Act of 2022 S126 - A bill to amend the Internal Revenue Code of 1986 to make permanent the individual tax provisions of the tax reform law, and for other purposes. Communications with the House and Senate opposing changes to the "step-up in basis" provision and in support of increasing the section 121 IRC exclusion. Infrastructure Proposals HR5376 - Inflation Reduction Act of 2022 Communications with the House and Senate regarding the pay-fors in the American Rescue Plan and the American Jobs Plan The Historic Tax Credit HR2266 - The Historic Tax Credit Growth and Opportunity Act HR2294 - The Historic Tax Credit Growth and Opportunity Act COVID-19 Recovery Communications with the U.S. House of Representatives and the U.S. Senate regarding the Coronavirus Recovery Fund Housing Tax Credit Statute Adjustment. Depreciation of Real Property HR7229 - Renewing Investment in American Workers and Supply Chains Act Tax incentives for housing Discussions with the House and Senate regarding policy proposals to give tax incentives for the production of residential units. Net Investment Income Tax Communications with Congressional leadership opposing the 3.8% net investment income tax. Middle Income Housing Tax Credit Discussions with the House and Senate regarding creating a "middle income housing tax credit." Mortgage Insurance Tax Deduction Conversations with the Senate Finance Committee and the House Ways and Means Committee regarding mortgage insurance tax deduction policies.

Client expense: $25,260,000 · Firm income: Not reported

S1136

BRYAN GREENE HELEN DEVLIN JOSEPH HARRIS jr RYAN RUSBULDT SHANNON MCGAHN SYDNEY BARRON VIJAY YADLAPATI mr EVAN LIDDIARD ms ERIN STACKLEY

Government targets: HOUSE OF REPRESENTATIVES, SENATE

NATIONAL AFFORDABLE HOUSING MANAGEMENT ASSOCIATION (NAHMA)client→NATIONAL AFFORDABLE HOUSING MANAGEMENT ASSOCIATION (NAHMA)

2022 · fourth_quarter · Taxation/Internal Revenue Code

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Cited source text, amounts, lobbyists, and targets

P.L. 117-328: Consolidated Appropriations Act, 2023, This bill provides appropriations to federal agencies for the remainder of FY2023, provides supplemental appropriations for disaster relief and to support Ukraine, extends several expiring authorities, and modifies or establishes various programs that address a wide range of policy areas. The bill includes the 12 regular appropriations bills that fund federal agencies for FY2023. Signed by the President on December 29, 2022. PL. 117-169 Inflation Reduction Act of 2022. This act provides funding to HUD for loans and grants. The loans and grants must fund projects that address affordable housing and climate change issues. It also provides funding, which shall remain available through FY2028, for energy and water benchmarking of eligible property along with associated data analysis and evaluation at the property. Eligible property includes low-income housing or housing for the elderly or disabled. The act provides funding to the Environmental Protection Agency (EPA) to establish a greenhouse gas reduction fund and to support several programs that provide financial incentives to reduce greenhouse gas emissions and other air pollution emissions. The act extends through 2034 the tax credit for residential clean energy, modifies the phaseout for such credit, and extends the credit to include qualified battery storage technology expenditures. The act modifies the tax deduction for energy-efficient commercial buildings to revise the maximum amount of such deduction and energy efficiency requirements for such buildings. The act extends the new energy-efficient home tax credit through 2032. It increases the credit to allow a $2,500 credit for new homes that meet certain Energy Star efficiency standards and a $5,000 credit for new homes that are certified as zero-energy ready homes and further allows a credit for energy-efficient multifamily dwellings. LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence Act or the LIFELINE Act (H.R.7078). This bill permits states, territories, and Tribal governments to use State and Local Fiscal Recovery Funds to finance qualified low-income housing projects (i.e., projects for residential rental property meeting certain income tests) with loans obligated by December 31, 2024, and having maturities of 30 or more years. Introduced by Rep. Alma Adams (D-NC). S.2820 - Decent, Affordable, Safe Housing for All (DASH) Act. This bill proposes a generational investment to house all people experiencing homelessness, tackle the housing affordability crisis, and expand homeownership opportunities for young people by creating a new down payment tax credit for first-time homebuyers. Specifically, the bill would: 1. House everyone experiencing homelessness within five years, and prioritize children and families for placement, by issuing them a Housing Choice Voucher; 2. Expand health, child care, financial and nutrition services for families and individuals to stay on a path to unassisted housing stability; 3. Greatly increase the production of deeply affordable housing for families exiting homelessness and for low-income households by investing in effective, efficient existing programs and reforming the tax code to strengthen the Low-Income Housing Tax Credit (LIHTC) to weather the economic fallout from the pandemic, as well as establish a Renter's Tax Credit and Middle-Income Housing Tax Credit (MIHTC); 4. Invest in homeownership in underserved communities and for low income Americans with new tax credits and downpayment assistance, including a down payment tax credit for first-time homebuyers; and 5. Incentivize environmentally-friendly development strategies and land use policies. H.R.5376 - Build Back Better Act. This bill provides funding, establishes programs, and otherwise modifies provisions relating to a broad array of areas, including affordable housing, education, labor, child care, health care, taxes, immigration, and the environment. The bill provides funding for tribal infrastructure, housing, environmental, and health programs. Affordable Housing Credit Improvement Act (AHCIA) of 2021 (S. 1136 and H.R. 2573). The bill represents comprehensive legislation to expand and strengthen our nations primary tool for developing and preserving affordable housing. The bill would increase Housing Credit allocations by 50 percent over current levels to help meet the vast and growing need for affordable housing; enable the Housing Credit to better serve hard-to-reach communities including rural, Native American, high-poverty, and high-cost communities, as well as extremely low-income and formerly homeless tenants; and make the Housing Credit a more effective tool for preserving the nations existing affordable housing inventory by simplifying and aligning rules. Public Law No: 117-2, American Rescue Plan Act, 2021. This bill provides additional relief to address the continued impact of COVID-19 (i.e., coronavirus disease 2019) on the economy, public health, state and local governments, individuals, and businesses. Signed into law by President Biden on March 11, 2021. Public Law 116-260, Consolidated Appropriations Act, 2021. An act making consolidated appropriations for the fiscal year ending September 30, 2021, providing coronavirus emergency response and relief, and for other purposes. An omnibus spending bill consisting of all 12 fiscal year 2021 appropriations bills ($1.4 trillion), coronavirus relief ($900 billion), and authorizations. Signed into law by President Donald Trump on December 27, 2020. All Policies related to Tax Reform; all provisions related to the Low Income Housing Tax Credit, Opportunity Zones, and Average Income Test All policies relating to the Low Income Housing Tax Credit All policies relating to the Unrelated Business Income Tax (UBIT) All policies relating to the Low Income Housing Tax Credit in response to the Coronavirus All policies relating to the Paycheck Protection Program (PPP) All policies relating to President Biden's Building Back Better Agenda, LIHTC-related provisions All Policies related to State and Local Fiscal Recovery Funds

Client expense: $130,000 · Firm income: Not reported

S. 1136

LARRY KEYS jr MICHAL MACHNOWSKI ms KRISTINA COOK

Government targets: Agriculture, Dept of (USDA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), SENATE, Treasury, Dept of

COUNTY OF SANTA BARBARAclient→THOMAS WALTERS & ASSOCIATES, INC.

2022 · fourth_quarter · Government Issues

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Cited source text, amounts, lobbyists, and targets

FY 2023 appropriations for HUDs Capital Fund Program, the Community Development Block Grant program and the HOME Investment Partnerships program. American Jobs Plan, infrastructure funding Legislation to reauthorize federal surface transportation programs. H.R.1620, the Violence Against Women Reauthorization Act of 2021, to extend and improve these programs. H.R. 6, the American Dream and Promise Act of 2021, to create a path to citizenship for undocumented immigrants who were brought to the United States as children. H.R. 1603, the Farm Workforce Modernization Act of 2021, which would allow undocumented farmworkers to earn legal status. S. 264, the Dream Act of 2021, H.R. 973, the Central Coast Heritage Protection Act, H.R. 455, the California Clean Coast Act, Funding for transitioning to zero-emission vehicles FY 2023 Funding for PILT FY 2023 funding for state and local law enforcement assistance FY 2023 Funding for homeless Assistance Community Project Funding The Affordable Housing Redevelopment Act The Fighting Homelessness Through Services and Housing Act H.R. 602 Relaunching America's Workforce Act FY 2023 Energy and Water Appropriations Act U.S. Army Corps of Engineers funding FY 2023 Interior, Environment and Related Agencies Appropriations Act; Payments in Lieu of Taxes program, EPAs State and Local Air Quality programs, Land and Water Conservation Fund, National Endowment for the Arts, and Cleanup/removal of abandoned oil and gas wells Electric Vehicle charging infrastructure federal efforts to protect the Western Monarch Butterfly S. 1855, the Wildfire Emergency Act State and Local Tax Deduction S. 1459, the Protecting Unique and Beautiful Landscapes by Investing in California (PUBLIC) Lands Act Build Back Better budget reconciliation legislation - public health, transportation, climate change, housing, broadband, and local government funding S. 2689, the Ensuring Medicaid Continuity for Children in Foster Care Act of 2021. H.R. 2611, the Increasing Behavioral Health Treatment Act. S. 1459, the Protecting Unique and Beautiful Landscapes by Investing in California Lands (PUBLIC Lands) Act. S. 3011, Recovery Aid Flexibility. S. 596, Treat and Reduce Obesity Act H.R.5376, Build Back Better Act FY23 Community Project Funding FY23 Congressionally Directed Spending FY 2023 Labor, Health and Human Services funding for public health and prevention, mental health programs and substance abuse prevention. Reauthorization and expansion of mental health programs Older Americans Act Funding Pandemic relief and prevention Inflation Reduction Act Child Nutrition Programs Central Coast Heritage Protection Act Clean Energy Programs FY23 Omnibus Appropriations Act, Community Project funding and Congressionally Directed Spending for County of Ventura Projects. COVID-19 Public Health Emergency FEMA Presidentially declared nationwide emergency and major disaster declaration for the COVID-19 pandemic The Restoring Hope for Mental Health and Well-Being Act The Prepare for and Respond to Existing Viruses, Emerging New Threats, and Pandemics Act (PREVENT Pandemics Act) Water Resources Development Act reauthorization, Lower Mission Creek Project S. 1136/H.R. 2573, the Affordable Housing Credit Improvement Act, expand the Low-Income Housing Tax Credit, S. 2405, the Commitment to Veteran Support and Outreach Act S. 4295, the Financial Data Transparency Act of 2022, provisions that would require the Municipal Securities Rulemaking Board to establish uniform data standards for local governments H.R. 8450, the Healthy Meals, Healthy Kids Act, U.S. Department of the Treasury released guidance for the Local Assistance and Tribal Consistency Fund (LATCF), Transportation Grants the Inflation Reduction Act of 2022, provisions for Prescription drug pricing reform, investment in energy security and climate change, and expanded Affordable Care Act premium subsidies FY 2023 Labor, Health and Human Services Appropriations bill, Older Americans Act (OAA) program funding

Client expense: Not reported · Firm income: $24,000

S. 1136

ANDREW GILCHREST mr DONALD GILCHREST jr

Government targets: Army, Dept of (Corps of Engineers), Bureau of Reclamation, Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT), Treasury, Dept of

COUNTY OF VENTURAclient→THOMAS WALTERS & ASSOCIATES, INC.

2022 · fourth_quarter · Government Issues

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Cited source text, amounts, lobbyists, and targets

FY 2023 appropriations for HUDs Capital Fund Program, the Community Development Block Grant program and the HOME Investment Partnerships program. American Jobs Plan, infrastructure funding H.R. 6, the American Dream and Promise Act of 2021,to create a path to citizenship for undocumented immigrants who were brought to the United States as children. H.R. 1603, the Farm Workforce Modernization Act of 2021, which would allow undocumented farmworkers to earn legal status. S. 264, the Dream Act of 2021, Legislation to enact a revenue-neutral carbon tax HR 613, the SALT Deductibility Act, H.R.202, the SALT Fairness Act of 2021. H.R. 1075, the Rim of the Valley Corridor Preservation Act, H.R. 973, the Central Coast Heritage Protection Act, H.R. 455, the California Clean Coast Act, Funding for transitioning to zero-emission vehicles FY 2023 Funding for PILT FY 2023 funding for state and local law enforcement assistance FY 2023 Funding for homeless Assistance Community Project Funding The Affordable Housing Redevelopment Act The Fighting Homelessness Through Services and Housing Act S. 127 the Build America's Libraries Act FY 2022 Energy and Water Appropriations Act U.S. Army Corps of Engineers funding Federal Truck Size Regulations H.R. 3684, the Investing in a New Vision for the Environment and Surface Transportation in America Act (INVEST in America Act) FY 2023 Interior, Environment and Related Agencies Appropriations Act; Payments in Lieu of Taxes program, EPAs State and Local Air Quality programs, Land and Water Conservation Fund, National Endowment for the Arts, and Cleanup/removal of abandoned oil and gas wells Broadband funding Electric Vehicle charging infrastructure federal efforts to protect the Western Monarch Butterfly S. 1855, the Wildfire Emergency Act State and Local Tax Deduction S. 1459, the Protecting Unique and Beautiful Landscapes by Investing in California (PUBLIC) Lands Act H.R.1620, the Violence Against Women Reauthorization Act of 2021 Revenue-neutral carbon tax H.R. 3684, the Infrastructure Investment and Jobs Act - transportation, climate change, housing, broadband, and local government funding Build Back Better budget reconciliation legislation - public health, transportation, climate change, housing, broadband, and local government funding S. Con. Res. 14, the FY 2022 Budget Resolution - public health, transportation, climate change, housing, broadband, and local government funding the Surface Transportation Reauthorization Act of 2021 (STRA), S. 2689, the Ensuring Medicaid Continuity for Children in Foster Care Act of 2021. H.R. 2611, the Increasing Behavioral Health Treatment Act. S. 1459, the Protecting Unique and Beautiful Landscapes by Investing in California Lands (PUBLIC Lands) Act. Federal Truck Size Regulations H.R. 2307, revenue neutral carbon fee. S. 3011, Recovery, Infrastructure, and Disaster Flexibility Act FY23 Community Project Funding FY23 Congressionally Directed Spending FY 2023 Labor, Health and Human Services Appropriations: Older Americans Act programs, Public Health and prevention, Safety net hospitals, Ryan White HIV/Aids, Mental Health, Substance Abuse. Federal Gun Control Federal funding for researching firearms violence Pandemic relief and prevention programs Mental Health program reauthorization H.R. 6823 Elizabeth Dole Home and Community Services for Veterans and Caregivers Act S. 2372 Recovering America's Wildlife Act FY23 Omnibus Appropriations Act, Community Project funding and Congressionally Directed Spending for County of Ventura Projects. COVID-19 Public Health Emergency FEMA Presidentially declared nationwide emergency and major disaster declaration for the COVID-19 pandemic The Restoring Hope for Mental Health and Well-Being Act The Prepare for and Respond to Existing Viruses, Emerging New Threats, and Pandemics Act (PREVENT Pandemics Act) Water Resources Development Act reauthorization, Santa Paula Creek Project S. 1136/H.R. 2573, the Affordable Housing Credit Improvement Act, expand the Low-Income Housing Tax Credit, S. 2405, the Commitment to Veteran Support and Outreach Act S. 4295, the Financial Data Transparency Act of 2022, provisions that would require the Municipal Securities Rulemaking Board to establish uniform data standards for local governments H.R. 8450, the Healthy Meals, Healthy Kids Act, U.S. Department of the Treasury released guidance for the Local Assistance and Tribal Consistency Fund (LATCF), Transportation Grants the Inflation Reduction Act of 2022, provisions for Prescription drug pricing reform, investment in energy security and climate change, and expanded Affordable Care Act premium subsidies FY 2023 Labor, Health and Human Services Appropriations bill, Older Americans Act (OAA) program funding

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

S. 1136

ANDREW GILCHREST mr DONALD GILCHREST jr

Government targets: Army, Dept of (Corps of Engineers), Executive Office of the President (EOP), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

NATIONWIDE MUTUAL INSURANCE COMPANYclient→NATIONWIDE MUTUAL INSURANCE COMPANY

2022 · fourth_quarter · Taxation/Internal Revenue Code

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HR 1459/S 510, Ultra-Millionaire Tax Act - impose a tax on the net value of assets of a taxpayer. HR 1984, Disaster Savings and Resilient Construction Act - provide a credit for owning certain disaster resilient property. S 617, Death Tax Repeal Act of 2021 - repeal the estate and generation-skipping transfer taxes. HR 1979/S 794, Tax Excessive CEO Pay Act - corporate tax rate increase on companies whose ratio of compensation of the CEO to median worker is more than 50 to 1. HR 328/S 817, Wall Street Tax Act - impose a 0.1% excise tax on certain purchases of stocks, bonds, and derivatives. HR 1565/S 856, Senior Security Act - establishes the Senior Investor Taskforce within the SEC. S 994, For the 99.5% Act - reinstate estate and generation-skipping taxes. PL 115-97, Tax Cuts and Jobs Act - amends corporate and individual tax provisions. TAX HR 2573/S 1136 Affordable Housing Credit Improvement Act of 2021 -- to reform the low-income housing credit S 1283Tax on Wall Street Speculation Act -- impose a tax on certain trading transactions S 1308American Infrastructure Bonds Act of 2021 -- allows the issuer of an American infrastructure bond a tax credit for 28% of the interest payable under such bond. S 2028Millionaires Surtax Act -- To impose a surtax on high income individuals. S 2621Modernization of Derivatives Tax Act - modifies the tax treatment of derivatives. HR 5376 Inflation Reduction Act of 2022 - imposes an alternative minimum tax of 15% of the average annual adjusted financial statement income HR 9030/S 5017, Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act - This Bill repeals the 15% alternative minimum tax on corporations enacted by the Inflation Reduction Act of 2022 HR 4675/S 5176 Disaster Mitigation and Tax Parity Act of 2022 - excludes from gross income for income tax purposes, any qualified catastrophe mitigation payment made under a state-based catastrophe loss mitigation program

Client expense: $810,000 · Firm income: Not reported

S 1136

ANNE WEBB CARSON LEWIS mr BEN BREWSTER

Government targets: HOUSE OF REPRESENTATIVES, SENATE