Main Street Tax Certainty Act

Capital gains tax rate - no bill Like-Kind Exchanges - maintaining current tax treatment of IRC Section 1031 - no bill IRC Section 108 Cancellation of Indebtedness income- no bill IRC Section 1014 - maintaining stepped-up basis for inherited assets - no bill S. 480/HR 1381 Main Street Tax Certainty Act - All H.R. 840 Retail Revitalization Act - All H.R. 2346 Energy Efficient Qualified Improvement Property Act of 2021 - All S. 1598/H.R. 1068 Carried Interest Fairness Act - All S. 2617 Ending the Carried Interest Loophole Act - All S 1997 To provide that certain contributions by government entities are treated as contributions to capital - All S. 2511 / H.R.4759 Revitalizing Downtowns Act - All H.R. 6161/S.3625 The Employee Retention Tax Credit Reinstatement Act - All Wyden Pass-Through Reform - no bill, discussion draft - All Wyden capital gains mark to market proposals - no bill, discussion draft - All S. 4065/H.R. 7467 Opportunity Zones Improvement, Transparency and Extension Act - All Potential legislation on state sales tax collection and simplification post-Wayfair decision - no bill. S. 1077/H.R. 5371 Permanently Preserving America's Investment in Manufacturing Act - ALL H.R. 5376 Inflation Reduction Act of 2022. Proposals to modify the treatment of carried interest.

Client expense: $230,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R.3 - Elijah E. Cummings Lower Drug Costs Now Act This bill establishes several programs and requirements relating to the prices of prescription drugs. NSBA is monitoring. H.R.7 - Paycheck Fairness Act A bill to amend the Fair Labor Standards Act of 1938 to provide more effective remedies to victims of discrimination in the payment of wages based on sex, and for other purposes. NSBA opposes. H.R.25 - Fair Tax Act of 2021 To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the states. NSBA supports H.R.603 - Raise the Wage Act of 2021 Bill would increase the federal minimum wage to $15 per hour over five years, allow for annual automatic increases without the consent of Congress, and eventually eliminate the tipped wage. NSBA opposes. H.R.842 - Protecting the Right to Organize Act of 2021 This bill expands various labor protections related to employees' rights to organize and collectively bargain in the workplace. NSBA opposes. H.R.971 - Small Business Succession Planning Act Bill directs the Small Business Administration (SBA) to create an online business succession planning toolkit that will assist small businesses through the process of creating business succession plans with the aid of SBA and its resource partners. NSBA supports. H.R.1319 - American Rescue Plan Act of 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. NSBA supports. H.R.1381 - Main Street Tax Certainty Act This bill makes permanent the tax deduction for qualified business income. (Under current law, the deduction expires after December 31, 2025. NSBA supports. H.R. 1482 - 504 Credit Risk Management Improvement Act of 2021 The measure would increase and streamline oversight of the Small Business Administrations (SBA) 504 Loan Program, allowing small businesses to grow, modernize, and recover. NSBA supports. H.R. 1487 - Microloan Transparency and Accountability Act of 2021 The bill requires the SBA to perform an annual portfolio risk analysis of the Microloan Program, to ensure taxpayer money is safeguarded. NSBA supports. H.R.1490 - 504 Modernization and Small Manufacturer Enhancement Act of 2021 This bill modifies the SBA 504 Loan Program, which provides a small business with SBA financing--through a certified development company (CDC) intermediary-for expansion or modernization. NSBA supports. H.R.1502 - Microloan Improvement Act of 2021 The bill revises the microloan program through which the U.S. Small Business Administration (SBA) provides financial assistance to small businesses through designated intermediaries. NSBA supports. H.R.1507 - Providing Accountability through Transparency Act of 2021 Bill would require that each government agency provide a 100-word plain language summary of each proposed rule. NSBA supports. H.R.1508 - Guidance Clarity Act of 2021 Bill would require every federal agency to include text in guidance documents stating that guidance is not legally binding, making it easier for small businesses to understand which regulations apply to them. NSBA supports. H.R.1712 - Death Tax Repeal Act This bill repeals the estate and generation-skipping transfer taxes. It also makes conforming amendments related to the gift tax. NSBA supports. H.R.1799 - PPP Extension Act of 2021 This bill extends the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), through June 30, 2021. NSBA supports. H.R. 1944 - Healthy Workplaces Act This bill allows tax credits for employer expenses for protecting employees from COVID-19 (i.e., coronavirus disease 2019). NSBA supports. H.R.1996 - SAFE Banking Act of 2021 This bill generally prohibits a federal banking regulator from penalizing a depository institution for providing banking services to a legitimate cannabis-related business. NSBA is monitoring. H.R. 3462 - SBA Cyber Awareness Act The bill expands cybersecurity operations at the Small Business Administration (SBA) by requiring them to issue a report assessing the agencys ability to combat cyber threats within six months of passage. The legislation requires the SBA to notify Congress of future breaches with information on those affected and how the breach occurred. NSBA supports. H.R. 3469 - Veteran Entrepreneurship Training Act of 2021 This bill authorizes the Boots to Business (B2B) program for five years to help transitioning service members start and grow their businesses. NSBA supports. H.R.3684 - Infrastructure Investment and Jobs Act This bill addresses provisions related to federal-aid highway, transit, highway safety, motor carrier, research, hazardous materials, and rail programs of the Department of Transportation (DOT). NSBA supports. H.R. 3807 -- Restaurant Revitalization Fund Replenishment Act of 2021 Congress provided $28.6 billion for the Restaurant Revitalization Fund (RRF), which provided relied to more than 100,000 restaurants and other food and beverage businesses. NSBA supports. H.R. 4037 - Trade Preferences and American Manufacturing Competitiveness Act To amend the Trade Act of 1974 to extend and modify the eligibility requirements for the Generalized System of Preferences, to amend the Harmonized Tariff Schedule of the United States to modify temporarily certain rates of duty, and for other purposes. NSBA is monitoring. H.R. 4256 - Investing in Main Street Act of 2021 It amends the Small Businesses Investment Act of 1958 to increase the percentage of capital and surplus that a bank or federal savings association may invest in Small Business Investment Companies (SBICs) to match current banking regulations. NSBA supports. H.R.4350 - National Defense Authorization Act for Fiscal Year 2022 This bill authorizes FY2022 appropriations for military activities and programs of the Department of Defense (e.g., personnel; research, development, test, and evaluation; and procurement of items such as aircraft, missiles, and ammunition). NSBA is monitoring. H.R. 4481 - Small Business 7(a) Loan Agent Transparency Act It provides oversight of 7(a) loan agents, including by requiring the Small Business Administration (SBA) to establish a registration system for such agents. NSBA supports. H.R.4513 - Small Business Advanced Cybersecurity Enhancements Act of 2021 The act aims to create proactive partnerships between small businesses and the government to help protect small businesses from criminal cyber-attacks. NSBA supports. H.R. 4521 -- the America COMPETES Act The bill is aimed at increasing U.S. competitiveness and boosting manufacturing, particularly in the semiconductor industry. NSBA supports. H.R. 4531 - 7(a) Loan Agent Oversight Act It requires the Small Business Administration (SBA) to submit an annual report containing specified information related to 7(a) loan agents. These agents provide fee-based referral and loan application services related to the SBA's 7(a) Program. NSBA supports. H.R.4515 - Small Business Development Center Cyber Training Act of 2021 The bill aims to establish a cyber counseling certification program at SBDCs to become better trained to assist small businesses with their cybersecurity and cyber strategy needs. NSBA supports. H.R.5065 - Prison to Proprietorship for Formerly Incarcerated Act This bill directs the Small Business Administration, in coordination with the Bureau of Prisons, to require the Service Corps of Retired Executives to provide entrepreneurship counseling and training services to formerly incarcerated individuals. NSBA supports. H.R.5078 - Prison to Proprietorship Act This bill directs the Small Business Administration, in coordination with the Bureau of Prisons, to require women's business centers and small-business development centers to provide entrepreneurship counseling and training services to individuals incarcerated in a minimum-, low-, or medium-security prison. NSBA supports. 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 education, labor, childcare, health care, taxes, immigration, and the environment. NSBA is monitoring. S.53 - Raise the Wage Act of 2021 Bill would increase the federal minimum wage to $15 per hour over five years, allow for annual automatic increases without the consent of Congress, and eventually eliminate the tipped wage. NSBA opposes. S.205 - Paycheck Fairness Act A bill to amend the Fair Labor Standards Act of 1938 to provide more effective remedies to victims of discrimination in the payment of wages based on sex, and for other purposes. NSBA opposes. S.420 - Protecting the Right to Organize Act of 2021 This bill expands various labor protections related to employees' rights to organize and collectively bargain in the workplace. NSBA opposes. S.480 - Main Street Tax Certainty Act This bill makes permanent the tax deduction for qualified business income. Under current law, the deduction expires after December 31, 2025. NSBA supports. S.522 - Providing Accountability through Transparency Act of 2021 Bill would require that each government agency provide a 100-word plain language summary of each proposed rule. NSBA supports. S.533 - Guidance Clarity Act of 2021 Bill would require every federal agency to include text in guidance documents stating that guidance is not legally binding, making it easier for small businesses to understand which regulations apply to them. NSBA supports. S.537 - Healthy Workplaces Ac This bill allows tax credits for employer expenses for protecting employees from COVID-19 (i.e., coronavirus disease 2019). NSBA supports. S. 617-the Death Tax Repeal Act of 2021 This bill repeals the estate and generation-skipping transfer taxes. It also makes conforming amendments related to the gift tax. NSBA supports. S.749 - American Innovation and Jobs Act This bill revises and expands the deductibility of research and experimental expenditures to allow immediate expensing of such expenditures. NSBA supports. S.936 - INFORM Consumers Act A bill to require online marketplaces to collect, verify, and disclose certain information regarding high-volume third-party sellers of consumer products to inform consumers. NSBA is monitoring. S.1605 - National Defense Authorization Act for Fiscal Year 2022 This bill authorizes Department of Defense (DOD) activities and programs for FY2022 and addresses various other issues. NSBA supports certain provisions. S.1687 - Small Business Cyber Training Act of 2021 This bill requires the Small Business Administration to establish a program for certifying at least 5 or 10% of the total number of employees of a small business development center to provide cybersecurity planning assistance to small businesses. NSBA supports. S. 1703 - Improving Access to Retirement Savings Act A bill to amend the Internal Revenue Code of 1986 to increase retirement savings, to improve retirement plan administration, and for other purposes. NSBA is monitoring. S. 1770 - Retirement Security and Savings Act of 2021 Bills amends the Internal Revenue Code of 1986 to reform retirement provisions, and for other purposes. NSBA is monitoring.

Client expense: $10,000 · Firm income: Not reported

Government targets: Bureau of Citizenship & Immigration Services (BCIS), Centers For Medicare and Medicaid Services (CMS), Commerce, Dept of (DOC), Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Export-Import Bank of the United States (EXIM Bank), Federal Reserve System, Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Intl Trade Administration (ITA), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Office of Personnel Management (OPM), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

- American Innovation and R&D Competitiveness Act (H.R. 1304) Support bill which eliminates the 5-year amortization requirement for research and experimental expenditures scheduled to begin in 2022, thus allowing continued expensing. - American Innovation and Jobs Act (S. 749) - Support bill which revises and expands the deductibility of research and experimental expenditures to allow immediate expensing of such expenditures. It also allows the amortization over a period of at least 60 months of certain other types of research and experimental expenditures not treated as expenses. It also increases the maximum amount eligible for the tax credit for new and small businesses. - Death Tax Repeal Act (H.R. 1712/S.617)-support legislation to permanently repeal the estate tax. - Main Street Tax Certainty Act of 2021 (H.R. 1381/S. 480) - make the 20 percent pass-through small business tax deduction permanent. This deduction is set to expire after December 31, 2025. - Accelerate Long-Term Investment Growth Now (ALIGN) Act (HR2558/S.1166) - Make full expensing provisions permanent, which allows businesses to immediately deduct the cost of new capital equipment purchases in the year they are purchased.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R.3 - Elijah E. Cummings Lower Drug Costs Now Act This bill establishes several programs and requirements relating to the prices of prescription drugs. NSBA is monitoring. H.R.7 - Paycheck Fairness Act A bill to amend the Fair Labor Standards Act of 1938 to provide more effective remedies to victims of discrimination in the payment of wages based on sex, and for other purposes. NSBA opposes. H.R.25 - Fair Tax Act of 2021 To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the states. NSBA supports H.R.603 - Raise the Wage Act of 2021 Bill would increase the federal minimum wage to $15 per hour over five years, allow for annual automatic increases without the consent of Congress, and eventually eliminate the tipped wage. NSBA opposes. H.R.842 - Protecting the Right to Organize Act of 2021 This bill expands various labor protections related to employees' rights to organize and collectively bargain in the workplace. NSBA opposes. H.R.971 - Small Business Succession Planning Act Bill directs the Small Business Administration (SBA) to create an online business succession planning toolkit that will assist small businesses through the process of creating business succession plans with the aid of SBA and its resource partners. NSBA supports. H.R.1319 - American Rescue Plan Act of 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. NSBA supports. H.R.1381 - Main Street Tax Certainty Act This bill makes permanent the tax deduction for qualified business income. (Under current law, the deduction expires after December 31, 2025. NSBA supports. H.R. 1482 - 504 Credit Risk Management Improvement Act of 2021 The measure would increase and streamline oversight of the Small Business Administrations (SBA) 504 Loan Program, allowing small businesses to grow, modernize, and recover. NSBA supports. H.R. 1487 - Microloan Transparency and Accountability Act of 2021 The bill requires the SBA to perform an annual portfolio risk analysis of the Microloan Program, to ensure taxpayer money is safeguarded. NSBA supports. H.R.1490 - 504 Modernization and Small Manufacturer Enhancement Act of 2021 This bill modifies the SBA 504 Loan Program, which provides a small business with SBA financing--through a certified development company (CDC) intermediary-for expansion or modernization. NSBA supports. H.R.1502 - Microloan Improvement Act of 2021 The bill revises the microloan program through which the U.S. Small Business Administration (SBA) provides financial assistance to small businesses through designated intermediaries. NSBA supports. H.R.1507 - Providing Accountability through Transparency Act of 2021 Bill would require that each government agency provide a 100-word plain language summary of each proposed rule. NSBA supports. H.R.1508 - Guidance Clarity Act of 2021 Bill would require every federal agency to include text in guidance documents stating that guidance is not legally binding, making it easier for small businesses to understand which regulations apply to them. NSBA supports. H.R.1712 - Death Tax Repeal Act This bill repeals the estate and generation-skipping transfer taxes. It also makes conforming amendments related to the gift tax. NSBA supports. H.R.1799 - PPP Extension Act of 2021 This bill extends the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), through June 30, 2021. NSBA supports. H.R. 1944 - Healthy Workplaces Act This bill allows tax credits for employer expenses for protecting employees from COVID-19 (i.e., coronavirus disease 2019). NSBA supports. H.R.1996 - SAFE Banking Act of 2021 This bill generally prohibits a federal banking regulator from penalizing a depository institution for providing banking services to a legitimate cannabis-related business. NSBA is monitoring. H.R. 3462 - SBA Cyber Awareness Act The bill expands cybersecurity operations at the Small Business Administration (SBA) by requiring them to issue a report assessing the agencys ability to combat cyber threats within six months of passage. The legislation requires the SBA to notify Congress of future breaches with information on those affected and how the breach occurred. NSBA supports. H.R. 3469 - Veteran Entrepreneurship Training Act of 2021 This bill authorizes the Boots to Business (B2B) program for five years to help transitioning service members start and grow their businesses. NSBA supports. H.R.3684 - Infrastructure Investment and Jobs Act This bill addresses provisions related to federal-aid highway, transit, highway safety, motor carrier, research, hazardous materials, and rail programs of the Department of Transportation (DOT). NSBA supports. H.R. 3807 -- Restaurant Revitalization Fund Replenishment Act of 2021 Congress provided $28.6 billion for the Restaurant Revitalization Fund (RRF), which provided relied to more than 100,000 restaurants and other food and beverage businesses. NSBA supports. H.R. 4037 - Trade Preferences and American Manufacturing Competitiveness Act To amend the Trade Act of 1974 to extend and modify the eligibility requirements for the Generalized System of Preferences, to amend the Harmonized Tariff Schedule of the United States to modify temporarily certain rates of duty, and for other purposes. NSBA is monitoring. H.R. 4256 - Investing in Main Street Act of 2021 It amends the Small Businesses Investment Act of 1958 to increase the percentage of capital and surplus that a bank or federal savings association may invest in Small Business Investment Companies (SBICs) to match current banking regulations. NSBA supports. H.R.4350 - National Defense Authorization Act for Fiscal Year 2022 This bill authorizes FY2022 appropriations for military activities and programs of the Department of Defense (e.g., personnel; research, development, test, and evaluation; and procurement of items such as aircraft, missiles, and ammunition). NSBA is monitoring. H.R. 4481 - Small Business 7(a) Loan Agent Transparency Act It provides oversight of 7(a) loan agents, including by requiring the Small Business Administration (SBA) to establish a registration system for such agents. NSBA supports. H.R.4513 - Small Business Advanced Cybersecurity Enhancements Act of 2021 The act aims to create proactive partnerships between small businesses and the government to help protect small businesses from criminal cyber-attacks. NSBA supports. H.R. 4521 -- the America COMPETES Act The bill is aimed at increasing U.S. competitiveness and boosting manufacturing, particularly in the semiconductor industry. NSBA supports. H.R. 4531 - 7(a) Loan Agent Oversight Act It requires the Small Business Administration (SBA) to submit an annual report containing specified information related to 7(a) loan agents. These agents provide fee-based referral and loan application services related to the SBA's 7(a) Program. NSBA supports. H.R.4515 - Small Business Development Center Cyber Training Act of 2021 The bill aims to establish a cyber counseling certification program at SBDCs to become better trained to assist small businesses with their cybersecurity and cyber strategy needs. NSBA supports. H.R.5065 - Prison to Proprietorship for Formerly Incarcerated Act This bill directs the Small Business Administration, in coordination with the Bureau of Prisons, to require the Service Corps of Retired Executives to provide entrepreneurship counseling and training services to formerly incarcerated individuals. NSBA supports. H.R.5078 - Prison to Proprietorship Act This bill directs the Small Business Administration, in coordination with the Bureau of Prisons, to require women's business centers and small-business development centers to provide entrepreneurship counseling and training services to individuals incarcerated in a minimum-, low-, or medium-security prison. NSBA supports. 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 education, labor, childcare, health care, taxes, immigration, and the environment. NSBA is monitoring. S.53 - Raise the Wage Act of 2021 Bill would increase the federal minimum wage to $15 per hour over five years, allow for annual automatic increases without the consent of Congress, and eventually eliminate the tipped wage. NSBA opposes. S.205 - Paycheck Fairness Act A bill to amend the Fair Labor Standards Act of 1938 to provide more effective remedies to victims of discrimination in the payment of wages based on sex, and for other purposes. NSBA opposes. S.420 - Protecting the Right to Organize Act of 2021 This bill expands various labor protections related to employees' rights to organize and collectively bargain in the workplace. NSBA opposes. S.480 - Main Street Tax Certainty Act This bill makes permanent the tax deduction for qualified business income. Under current law, the deduction expires after December 31, 2025. NSBA supports. S.522 - Providing Accountability through Transparency Act of 2021 Bill would require that each government agency provide a 100-word plain language summary of each proposed rule. NSBA supports. S.533 - Guidance Clarity Act of 2021 Bill would require every federal agency to include text in guidance documents stating that guidance is not legally binding, making it easier for small businesses to understand which regulations apply to them. NSBA supports. S.537 - Healthy Workplaces Ac This bill allows tax credits for employer expenses for protecting employees from COVID-19 (i.e., coronavirus disease 2019). NSBA supports. S. 617-the Death Tax Repeal Act of 2021 This bill repeals the estate and generation-skipping transfer taxes. It also makes conforming amendments related to the gift tax. NSBA supports. S.749 - American Innovation and Jobs Act This bill revises and expands the deductibility of research and experimental expenditures to allow immediate expensing of such expenditures. NSBA supports. S.936 - INFORM Consumers Act A bill to require online marketplaces to collect, verify, and disclose certain information regarding high-volume third-party sellers of consumer products to inform consumers. NSBA is monitoring. S.1605 - National Defense Authorization Act for Fiscal Year 2022 This bill authorizes Department of Defense (DOD) activities and programs for FY2022 and addresses various other issues. NSBA supports certain provisions. S.1687 - Small Business Cyber Training Act of 2021 This bill requires the Small Business Administration to establish a program for certifying at least 5 or 10% of the total number of employees of a small business development center to provide cybersecurity planning assistance to small businesses. NSBA supports. S. 1703 - Improving Access to Retirement Savings Act A bill to amend the Internal Revenue Code of 1986 to increase retirement savings, to improve retirement plan administration, and for other purposes. NSBA is monitoring. S. 1770 - Retirement Security and Savings Act of 2021 Bills amends the Internal Revenue Code of 1986 to reform retirement provisions, and for other purposes. NSBA is monitoring.

Client expense: $10,000 · Firm income: Not reported

Government targets: Bureau of Citizenship & Immigration Services (BCIS), Centers For Medicare and Medicaid Services (CMS), Commerce, Dept of (DOC), Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Export-Import Bank of the United States (EXIM Bank), Federal Reserve System, Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Intl Trade Administration (ITA), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Office of Personnel Management (OPM), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

Build Back Better Act (H.R.5376) -- tax provisions (also LBR issue) Clean Energy for America Act (S.1298) -- tax provisions (also LBR & ENG issue) Death Tax Repeal Act of 2021 (H.R.1712/S.617) Inflation Reduction Act of 2022 (H.R.5376) -- labor & workforce issues (also LBR issue) Issues Related to Comprehensive Infrastructure (also SMB, BUD & TRA issue) Issues Related to S-Corp and Pass-through Entities Main Street Tax Certainty Act of 2021 -- tax provisions (H.R.1381/S.480)

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

Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Small Business Administration (SBA)

Opposed the Sensible Taxation and Equity Promotion (STEP) Act; Support for H.R. 2370 Death Tax Repeal Act; Support the continuation of Sec. 1031 Like Kind Exchanges; Support H.R. 1381 and S. 480 Main Street Tax Certainty Act; Opposed the elimination of the 199A small business deduction; Opposed removal of capital gains tax step up in basis provisions; Opposed tax increases included in H.R. 5376, the Build Back Better Act; Opposed expanding the Net Investment Income Tax (NIIT) and extending the so-called excess business loss limitation for noncorporate taxpayers;

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

Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE

Support reforms to Section 199A Support the Main Street Certainty Act (S. 480 / HR 1381) COVID-19 related tax relief for agribusinesses Oppose tax increases on agribusinesses and farmers Oppose Build Back Better Act (HR 5376) Oppose expansion of Net Investment Income Tax (NIIT) Oppose efforts to limit the ability to fully deduct looses during economic downturn by expanding and extending the so-called "excess business loss limitation."

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

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

LIFO, 199-A Permanency for pass through businesses-H.R.1381, S.480; Estate Tax Permanence-H.R.1712, S.617; Meals Deduction, Omnibus Spending Bill

Client expense: $340,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Work Opportunity Tax Credit (WOTC). Extension/enhancement of the Employee Retention Tax Credit (ERTC) and ERTC refund improvements. Implementation of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Pub. L. No. 116-136. Implementation of the Paycheck Protection Program Flexibility Act of 2020, Pub. L. No. 116-142. Implementation of the American Rescue Plan Act of 2021, Pub. L. No. 117-2. H.R. 1381/S. 480, Main Street Tax Certainty Act. S. 2387, Small Business Tax Fairness Act. Tax rates, including corporate, individual, small business, and proposed cap on 199A. NITT tax, estate tax, capital gains, and step-up basis. H.R. 4568, ENTREE Act. Net Investment Income Tax (NIIT). H.R. 6161/S. 3625, Employee Retention Tax Credit Reinstatement Act. Restaurant Revitalization Funds. Implementation of the Inflation Reduction Act of 2022, Pub. L. No 117-169, proposed cap on 199A. IRS tax enforcement. FICA tax trip credit. Business meals deduction. H.R. 4411 Upskill and Retraining Assistance Act.

Client expense: $780,000 · Firm income: Not reported

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

529 Plans. Qualified Improvement Property. Pass-Through Rates. Temporary and targeted liability protections related to the COVID-19 pandemic. H.R. 1381/S. 480: the Main Street Tax Certainty Act of 2021. Treasury (Reg.) Title: Coronavirus State and Local Fiscal Recovery Funds (RIN 1505-AC77). Internal Revenue Code Section 1031. Stepped-up Basis. H.R. 6161: the ERTC Reinstatement Act. 3.8% Net Investment Income Tax. Inflation Reduction Act of 2022. H.R. 9092: the Family and Small Business Taxpayer Protection Act.

Client expense: $610,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of

Build Back Better Act (H.R. 5376) Death Tax Repeal Act (H.R. 1712/S. 617) Main Street Tax Certainty Act (H.R. 1381/S. 480) Preserving Family Farms Act (H.R. 2370/S. 3077) American Families Plan American Jobs Plan Stepped-up basis Like-kind exchanges Estate tax issues Capital Gains rates General small business tax issues

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1304, American Innovation and R&D Competitiveness Act of 2021 H.R. 1381/S. 480, Main Street Tax Certainty Act of 2021 H.R. 1712/S. 617, Death Tax Repeal Act H.R. 2617, Consolidated Appropriations Act, 2023 H.R. 3425, Saving Gig Economy Taxpayers Act H.R. 5376, Inflation Reduction Act of 2022 H.R. 8853, Protecting American Savers and Retirees Act H.R. 8913, TCJA Permanency Act H.R. 9030/S. 5015, Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act S. 749, American Innovation and Jobs Act S. 948, A bill to protect American small businesses, gig workers, and freelancers by repealing the burdensome American Rescue Plan Act of 2021 transactions reporting threshold S. 1274, Remote and Mobile Worker Relief Act of 2021 S. 1298, Clean Energy for America Act S. 2621, Modernization of Derivatives Tax Act of 2021 Notice and Request for Comments, Internal Revenue Service; Proposed Extension of Information Collection Request Submitted for Public Comment, Concerning Source of Income from Certain Space and Ocean Activities, Source of Communications Income (87 Fed. Reg. 65,287, October 28, 2022) Guidance Related to the Foreign Tax Credit; Clarification of Foreign-Derived Intangible Income, T.D. 9959, 87 Fed. Reg. 276 (Jan. 4, 2022) (as corrected by 87 Fed. Reg. 45,018, 45,021, July 27, 2022) Various issues relating to The Tax Cuts and Jobs Act (P.L. 115-97), including implementation of, and follow up such as making individual rates and pass-through rates permanent; Internal Revenue Code Section 965/tax overpayments, and changes made to section 965 by the Tax Cuts and Jobs Act; foreign tax carryforwards transition; pension reform; conversion of future 401(k) or Individual Retirement Account (IRA) contributions to Roth accounts; 199A tax deduction; Internal Revenue Service controlled foreign corporation (CFC) look-thru rule; pending bilateral tax treaties before the U.S. Senate; potential for additional bilateral tax treaties; potential repeal of the State and Local Tax (SALT) cap; corporate tax filing deadline; digital services taxes; OECD Pillar Two rules, including global anti-base erosion proposal (GloBE); general business tax credits; taxation of mobile and remote workers during the coronavirus pandemic; tax free paycheck protection program loan forgiveness; Paycheck Protection Program (PPP) tax deductibility; work opportunity tax credit; implementation of the American Rescue Plan Act (P.L. 117-2) including Section 9674 relating to 1099-K form reporting; IRS priority guidance plan; continuation of the stepped-up basis; potential corporate tax rate increase; continuation of the percentage depletion tax deduction; Minding the Tax Gap; Improving Tax Administration for the 21st Century; Canadian proposal to enact a retroactive Digital Services Tax (DST); Global Intangible Low-Taxed Income (GILTI); proposals to institute a tax on financial statement incomes of corporations, known as a Book Tax; proposed Internal Revenue Code Section 163(n) limit on deductions for business interest expense; Tax Reporting Proposal by the Department of the Treasury related to a $600 or more annual account threshold; U.S. Chile Tax Treaty, Convention for the Avoidance of Double Taxation and the Prevention Of Fiscal Evasion With Respect to Taxes on Income and Capital; legislation to address section 163(j) EBITDA standard for business interest deductions; section 174 (R & D amortization) and extension of 100 percent accelerated depreciation known as full expensing or bonus depreciation; Extraterritorial Application of Sec. 49 German Income Tax Act; potential modifications to the gasoline tax, including waiving or temporary suspension; implementation of 26 U.S. Code 174 - Amortization of research and experimental expenditures; implementation of the Inflation Reduction Act, (P.L. 117-169), including implementation of the Excise tax on repurchase of corporate stock, and corporate alternative minimum tax; IRS guidance related to the Foreign Tax Credit and the Arms Length Requirement; proposal to repeal section 852(b)(6) of the Internal Revenue Code; proposal to institute an excise tax on stock buybacks

Client expense: $20,990,000 · Firm income: Not reported

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

Small Business Administration 7(a) lending program. S. 1120, Small Business Administration Franchise Loan Transparency Act of 2021. Implementation of the Consolidated Appropriations Act, 2021 (Pub. L. No. 116-260). H.R. 1381/S.480, Main Street Tax Certainty Act. H.R. 890/S. 1613, Gym Mitigation and Survival Act. H.R. 4433, Veteran Entrepreneurship Act of 2021. H.R. 3807, Relief for Restaurants and other Hard Hit Small Businesses Act of 2022. SBA proposal to amend various regulations governing SBA's 7(a) Loan Program and 504 Loan Program.

Client expense: $290,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office

H.R. 1346/S. 477-The Hospitality and Commerce Job Recovery Act of 2021: issues related to tax relief for the food and beverage industry and unmerchantable inventory due to COVID-19. Issues related to LIFO accounting. S. 617/H.R. 1712- Death Tax Repeal Act of 2021. Issues related to permanent estate tax relief. S. 480/H.R. 1381-The Main Street Tax Certainty Act. Issues related to the permanence of the 20% deduction for S. Corporations. Section 179 business expensing; bonus depreciation allowances. S. 85/H.R.613 - SALT Deductibility Act; issues related to the ability of pass through businesses to fully deduct state and local taxes. Issues related to the ability to use stepped-up basis. H.R. 9231. The Service Worker Economic Stabilization Act.

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

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

House Bills H.R. 842, the Protecting the Right to Organize (PRO) Act of 2021 - oppose. H.R. 1381, the Main Street Tax Certainty Act - support. H.R. 3185, the Save Local Business Act - support. Sec. 804 of H.R. 4350, the National Defense Authorization Act for Fiscal Year 2023, Minimum Wage for Employees of Department of Defense Contractors - oppose. H.R. 6161, the Employee Retention Tax Credit Reinstatement Act. - support. H.R. 1284, the Fair and Open Competition Act - support. H.R. 5743, the Ensuring Workers Get PAID Act of 2021 - support. H.R. 3425, the Saving Gig Economy Taxpayers Act - support. H.R. 6913, the Stop the Nosy Obsession with Online Payments Act (SNOOP Act) of 2022 - support. H.R. 8152, the American Data Privacy and Protection Act - oppose. H.R. 7701, the Wage Theft Prevention and Recovery Act - oppose. H.R. 6833, the Affordable Insulin Now Act - express concern. H.R. 7505, the American Innovation and Choice Online Act of 2022 - support. H.R. 8874, the Credit Card Competition Act of 2022 - support. Schakowsky amendment #3 to H.R. 7900, the National Defense Authorization Act for Fiscal Year 2023 - oppose. H.R. 8594, the Restore Protections for Dialysis Patients Act (RPDPA) - oppose. H.R. 9092, the Family and Small Business Taxpayer Protection Act - support. Senate Bills S. 53, the Raise the Wage Act of 2021 - oppose. S. 480, the Main Street Tax Certainty Act - support. S. 420, the Protecting the Right to Organize (PRO) Act of 2021 - oppose. S. 1636, the Save Local Business Act - support. S. 2239, the Unnecessary Agency Regulations Reduction Act of 2021 - support. S. 403, the Fair and Open Competition Act - support. S. 3074, the Ensuring Workers Get PAID Act of 2021 - support. S. 3889, the Employee Rights Act - support S. 3625, the Employee Retention Tax Credit Reinstatement Act - support S. 3546, the Stop the Nosy Obsession with Online Payments Act (SNOOP Act) of 2022 - support. The Improving Needed Safeguards for Users of Lifesaving Insulin Now (INSULIN Act) - express concern. S. 2992, the American Innovation and Choice Online Act - support. S. 4293, the Pharmacy Benefit Manager Transparency Act of 2022 - support. ENABLERS Act amendment to National Defense Authorization Act - oppose. S. 4674, the Credit Card Competition Act of 2022 - support. S. 4750/H.R. 8594, the Restore Protections for Dialysis Patients Act (RPDPA) - oppose. Braun and Hassan Amendment - FDA User Fee Reauthorization - small business user fee waiver - support. Other Issues Transparency in operations of Pharmacy Benefit Managers (PBMs) - support. Revision of the Navigable Waters Protection Rule (NWPR) - oppose. Government-mandated Project Labor Agreements - oppose. Comments Department of Labor Wage and Hour Division Notice of Proposed Rulemaking titled Employee or Independent Contractor Classification Under the Fair Labor Standards Act, RIN1235-AA43, 87 Fed. Reg. 62218 (Oct 13, 2022) Comments on NLRB Notice of Proposed Rulemaking titled Standard for Determining Joint-Employer Status, RIN 3142-AA21, 87 Fed. Reg. 54641(Sept 7, 2022), 87 Fed. Reg. 63465 (Oct 19, 2022)

Client expense: $945,000 · Firm income: Not reported

Government targets: Environmental Protection Agency (EPA), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), SENATE, Small Business Administration (SBA)

ACCESS TO CAPITAL JOBS Act 4.0: Continue to support this legislative package of access to capital measures and regulatory improvements introduced by Senator Pat Toomey (R-PA). Improving Crowdfunding Rules: Continue to express support for enhancements to equity and debt-based crowdfunding (Title III crowdfunding) that would lower costs, unleash additional capital, and improve reporting and regulatory compliance for startups and small businesses. Connecting Small Business to Capital Act (H.R. 945): Support the legislation. TAX AND SPENDING POLICY R&D Tax Credits: Advocated for the restoration of the R&D tax credit and its improvement for startups and small businesses. "Inflation Reduction Act" (IRA): Opposed the legislation, as it raises business taxes and fuels inflationary pressures through new government spending. Specifically, in IRA: Expressed concern and opposition to: the various tax increases including corporate taxes, extending the limitation on Main Street pass-through businesses to claim losses for two years without extending the 20% small business deduction; the size of the spending package and its impact on inflation and fiscal condition of the federal government; price controls on drugs; and the new spending for the IRS without implementing needed reforms and checks. Tax Cuts and Jobs Act (TCJA): Continue to express support for the permanency of various provisions of the TCJA including Section 199A, lower personal tax rates, expensing provisions and estate tax changes. Main Street Certainty Act, H.R. 1381/S. 480: Continue to support the advancement of this bill to make permanent the 20% small business deduction in the Tax Cuts and Jobs Act. EBITDA: Continue to support the reinstatement of the IBITDA standard for business interest deductions. Renewing Investment in American Workers and Supply Chains Act, H.R. 7229/S.4012: Support this legislation to allow accelerated depreciation for all structures. "Wealth Taxes:" Continue to oppose various schemes to tax wealth based on unrealized gains on property. REGULATION AND COMPETITION POLICY Fair and Open Competition Act, S. 403/H.R. 1284: Continue to support this legislation, which would prevent the Administration from using project labor agreement (PLAs) in federal procurement contracts. Project Labor Agreements (PLAs): Continue to express opposition to President Bidens Executive Order on the use of PLAs on federal procurement projects, including the bipartisan infrastructure package. Employee Rights Act, S.3889: Continue to support this bill introduced by Senator Tim Scott to protect the status of independent contractors. New Overtime Rules: Continue to express concern about DOL efforts to again alter overtime rules. Independent Contractor Rule: Continue to express general support for streamlining and modernizing the independent contractor rule and oppose proposals that would make many independent workers inappropriately (and against their will and wishes) categorized at employees. Submitted comments to the Department of Labor regarding the proposed Employee or Independent Contractor Classification Under the Fair Labor Standards Act (FLSA), 87 Fed. Reg. 62218, and urged them to withdraw the proposal and allow a March 2021 rule to stand. Joint Employer: Expressed concern for changing "joint employer" rules as they were recently improved and modernized. Submitted comments to the National Labor Relations Board (NLRB) urging a withdrawal of the proposed Standard for Determining Joint-Employer Status, 87 Fed. Reg. 54641. Franchise Rule: Have expressed support for the current franchise rule as it is undergoing a periodic decennial review by the Federal Trade Commission (FTC). Mergers and Acquisitions (M&A): Continue to express concern about Federal Trade Commission and Department of Justice action and changes to the regulatory framework governing M&A review and how this would impact the innovation and startup ecosystem in the United States. President Biden Competition Executive Order: Continue to express concerns about the premise and actions behind the EO to regulate and micro-manage various sectors of the economy including technology, energy, bio-pharmaceuticals, telecommunications, railroads and other sectors that are dominated by small-to-mid-size businesses (SMBs). Targeted Tech Legislation and Anti-Trust: Continue to express concerns about the impact and unintended consequences of legislation, regulation and anti-trust re-writes at the Federal Trade Commission (FTC) aimed at big tech and how it would impact small business access to markets and capital, and the entrepreneurial and innovation ecosystem in general. American Innovation and Online Choice Act, S.2992: Oppose the legislation. Platform Competition and Opportunity Act, H.R. 3826/S.3197: Oppose the legislation. Energy and Gas Prices: Continue to express concern about restrictive energy policies with respect to developing energy in the U.S. and how such restrictions are contributing to higher energy prices. Continue to express concern about the potential for higher taxes on this sector via a "windfall profits tax," restrictions and limitations placed on energy development on public lands, and red tape and lengthy reviews for permits and energy infrastructure projects. Electronic Payments and Credit Card Regulation: Continue to voice concern about new regulations on the payments system, specifically credit routing requirements and how they undermine payment-systems innovation that has provided small businesses a lifeline during the pandemic and payments options for small businesses and startups. Expressed opposition to the Credit Card Competition Act of 2022. Privacy Policy and Legislation: Support a national framework for privacy that is inclusive and equitable to all industries. Expressed areas where the "American Data Privacy and Protection Act" (H.R. 8152) could be improved for small businesses. Filed Joint comments with the FTC expressing concerns with an Advanced Notice of Proposed Rulemaking pertaining to so-called commercial surveillance and lax security practices. Railroad Strike: Supported H.J. Res 100 to avoid a rail strike. Expressed concern about the potential for a rail strikes and its impact on supply chains, inflation and economic disruption in general. Implementation of the "Corporate Transparency Act": Continue to express concerns about the impact of the legislation (and implementing regulations) on small businesses. AFFORDABLE AND COMPETITIVE HEALTH COVERAGE Affordability/More Choices: Continue to urge members of Congress and the Administration to advance market-oriented reforms that will lower health coverage costs for small businesses and increase choices in the marketplace like improved health savings accounts, support for transitional plans and local-direct health care. Oppose efforts, generally, to impose new mandates and taxes that will add to small business costs and reduce access to health care. Price Controls on Drugs: Continue to express concern about the impact of price controls on drugs either through Medicare negotiation, an international pricing mechanism, drug importation, and the effort to use march-in rights under the Bayh-Dole Act. Virtual Health Care and Telehealth: Urged Congress to reinstate virtual care access advanced during COVID-19 that enabled employers and health plans to provide pre-deductible coverage for telehealth services for individuals with HDHP-HSAs. ACCESS TO BROADBAND Extending America's Spectrum Leadership Act (H.R. 7783): SBE Council supported the legislation. Continue to express support for freeing up spectrum to allow next gen broadband (such as 5G) to be more available to communities nationwide. NTIA Rules on the Infrastructure Package: Continue to urge the adoption of simple, transparent rules and practices to ensure the effectiveness of these programs and taxpayer resources in delivering broadband to those lacking access, and to avoid waste and abuse of funds. INTELLECTUAL PROPERTY RIGHTS AND PROTECTIONS World Health Organization COVID IP Waiver: Continue to express opposition to the Biden Administrations support of a petition before the World Trade Organization that would waive vital intellectual property (IP) rights for COVID-19 vaccines and US innovators, which would essentially undercut American IP rights for U.S.-made innovations. Bayh-Dole Act: Continue to express support for the principals and rational behind Bayh-Dole (which strengthened IP rights) and against effort to undermine its effectiveness such as the misuse of march-in rights to take away IP protections. TRADE & GLOBAL MARKET ACCESS Trade Agreements: Continue to push for U.S. leadership on trade deals and opening global markets for U.S. businesses. International Trade Commission: Support general reforms that prevent foreign companies from abusing loopholes that undermine U.S. businesses and competitiveness. GOOD GOVERNMENT Improve the SBA Act (H.R. 7628): SBE Council continues to supports the legislation. Monetary Policy: Continue to express the need for the Federal Reserve to rein in the supply of money, and leave interest rates to the market. Workforce Policy/Access to Skilled Labor Continue to express support for policies that will increase the supply of labor and skilled labor such as immigration reform, new service-sector visas, second-chance initiatives, improving the earned-income tax credit, and fixing penalties on social security benefits for those who return to work. Commission on the American Workforce Act (H.R. 8784): Support the legislation.

Client expense: $35,000 · Firm income: Not reported

Government targets: Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), SENATE, Securities & Exchange Commission (SEC)

Highway Trust Fund Solvency including federal user fees; Infrastructure Funding and Financing; Financial Accounting Standards Board issues; POC method of accounting; Energy Efficiency Tax Incentives, including Section 179D; Private Activity Bond Cap Increase for Qualified Highway and Freight Facilities; Private Activity Bond Cap Increase for Water and Sewage Facilities; Lookback Accounting; Estate Tax; Stepped-Up Basis and Realization of Capital Gains at Death; Pass-through Business Taxation; Section 199A Qualified Business Income Deduction; Cash Accounting; Net Operating Losses (NOLs); Excess Business Loss Limitation Rules (Section 461(l)); Municipal Bond Depreciation; Advanced Refunding of Municipal Bonds; Limitation on Net Interest Expense (Section 163(j)); Opportunity Zones; Foreign Investment in Real Property Tax Act; Work Opportunity Tax Credit (WOTC); New Markets Tax Credit (NMTC); Paid Leave Tax Credits; Employee Retention Tax Credit; Main Street Tax Certainty Act (H.R. 1381/S. 480); Death Tax Repeal Act (H.R. 1712/S. 617); Public Building Renewal Act (H.R. 1396); BUILD Act (H.R. 451); American Rescue Plan Act of 2021 (H.R. 1319); Sensible Taxation and Equity Promotion Act; S.1298 Clean Energy for America Act; H.R.5376 - Build Back Better Act; H.R.3684 (as amended)- Infrastructure Investment and Jobs Act; H.R.3684- INVEST in America Act; Tax incentives for the purchase of electric vehicles (30D), and commercial electric vehicles; Prevailing wage and apprenticeship requirements associated with tax incentives; Reporting of bank deposits to Internal Revenue Service; Mandatory funding for Internal Revenue Service; Employee Retention Tax Credit Reinstatement Act (H.R. 6161); S.3609 Gas Prices Relief Act of 2022; H.R. 6787 Gas Prices Relief Act of 2022; Net Investment Income Tax; H.R.5376, Inflation Reduction Act of 2022

Client expense: $261,261 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of, White House Office

H.R. 3684 INVEST in American Act: provisions related to business tax policy. H.R. 1381 - Main Street Tax Certainty Act of 2021: provisions related to Section 199A 20-percent deduction for qualified business income. S. 480 - Main Street Tax Certainty Act of 2021: provisions related to Section 199A 20-percent deduction for qualified business income. S.2387 - Small Business Tax Fairness Act: all provisions

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

General Tax Reform; H.R. 1381 and S. 480 Main Street Tax Certainty Act; S. 1077 Permanently Preserving Americas Investment in Manufacturing Act of 2021; H.R. 4549 and S. 749, American Innovation & Jobs Act; H.R. 2143 and S. 98, Neighborhood Homes Investment Act; S. 2680 and H.R. 4940 Real Corporate Profits Tax Act; H.R. 4759 and S. 2511, Revitalizing Americas Downtowns Act; S. Con. Res. 14, FY2022 Budget Resolution

Client expense: $430,000 · Firm income: Not reported

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

General Tax Reform; H.R.1381 and S.480 Main Street Tax Certainty Act; S. 1077 Permanently Preserving Americas Investment in Manufacturing Act of 2021; H.R. 4549 and S. 749, American Innovation & Jobs Act; H.R. 2143 and S. 98, Neighborhood Homes Investment Act; Minimum Book Income Tax; H.R. 4759 and S. 2511, Revitalizing Americas Downtowns Act; Budget Reconciliation bill; H.R. 3684, Infrastructure Investment and Jobs Act; S. Con. Res. 14, Fiscal Year 2022 Budget Resolution.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1381 Main St Tax Certainty Act. Makes permanent Section 199A of the tax code H.R. 1977 Enhancing Credit Opportunities in Rural America Act (ECORA) H.R. 5586 Prohibiting IRS Financial Surveillance Act H.R. 6732 Small LENDER Act S. 480 Main Street Tax Certainty Act S. 2202 Enhancing Credit Opportunities for Rural America S. 3506 Prohibiting IRS Financial Surveillance Act Bank Account Information Reporting to the IRS Credit Union Tax Exemption ECORA - Tax relief for community banks - Support Mortgage Insurance Premium Tax Deduction Tax Relief for Community Bank Retained Earnings

Client expense: $1,303,790 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

IRC Section 108 Cancellation of Indebtedness income- no bill S. 480/HR 1381 Main Street Tax Certainty Act - All H.R. 840 Retail Revitalization Act - All H.R. 2346 Energy Efficient Qualified Improvement Property Act of 2021 - All S. 1598/H.R. 1068 Carried Interest Fairness Act - All S. 2617 Ending the Carried Interest Loophole Act - All S 1997 To provide that certain contributions by government entities are treated as contributions to capital - All S. 2511 / H.R.4759 Revitalizing Downtowns Act - All Wyden Pass-Through Reform - no bill, discussion draft - All S. 4065/H.R. 7467 Opportunity Zones Improvement, Transparency and Extension Act - All S. 1077/H.R. 5371 Permanently Preserving America's Investment in Manufacturing Act - ALL

Client expense: $400,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Advocated for passage of the Accelerate Long-Term Investment Growth Now (Align) Act (S. 1166/HR 2558) to make permanent 100 percent bonus depreciation for new and used equipment purchases. Supported H.R. 1381 and S. 480, the Main Street Certainty Act of 2021, to make permanent the section 199-A 20-percent deduction for qualified business income. Supported H.R. 1712/S. 617, the Death Tax Repeal Act, to permanently repeal the estate tax. Supported S.1077 - Permanently Preserving Americas Investment in Manufacturing Act to prevent the business interest deduction cap from changing from 30 percent of EBITDA.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S.480/H.R.1381 - Main Street Tax Certainty Act The American Families Plan (tax provisions) H.R.2954 - Securing a Strong Retirement Act of 2021

Client expense: $190,000 · Firm income: Not reported

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

Supported efforts to make the deduction for passthrough entities (IRS code section 199A) permanent; supported Main Street Tax Certainty Act (H.R. 1381/S. 480); opposed efforts to reduce tax deduction for passthrough entities

Client expense: $60,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE

Last-in, First-out(LIFO) Inventory Accounting Method; General Federal tax policy; S.617 + HR.1712, Death Tax Repeal Act; S.480 + HR.1381, Main Street Tax Certainty Act of 2021; HR.5317, Commonsense Reporting Act; HR.6161, Employee Retention Tax Credit Reinstatement Act; HR.4768 (Taxing Big Oil Profiteers Act) specific provisions ending the use of LIFO method of accounting by large oil and gas trades or businesses; Section 199(A) Small Business Deduction;

Client expense: $156,166 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of

S. 617 / H.R. 1712, the Death Tax Repeal Act of 2021; H.R. 1381 / S. 480, the Main Street Tax Certainty Act; Draft tax provisions of FY2022 budget reconciliation legislation, including repeal of stepped up basis, S Corps/pass-throughs tax increase proposal, and 199A pass-through Deduction proposal; Treasury Department proposal to require financial institutions reporting deposits and withdrawals of all business and personal accounts to the IRS; H.R. 9092, the the Family and Small Business Taxpayer Protection Act

Client expense: $320,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of

H.R. 1381, the Main Street Tax Certainty Act - support bill S. 480, the Main Street Tax Certainty Act - support bill Preserving 199A deduction H.R. 1712, the Death Tax Repeal Act - support bill S. 617, the Death Tax Repeal Act of 2021 - support bill Issues related to the estate tax

Client expense: Not reported · Firm income: $22,500

Government targets: HOUSE OF REPRESENTATIVES, SENATE

USDA Funding - Coronavirus Food Assistance Program (CFAP) payments to dairy farmers S.1251, the Growing Climate Solutions Act The Relief for America's Small Farmers Act H.R. 1381/ S. 480 - Permanent deduction of Section 199A Infrastructure package H.R. 1603 -The Farm Workforce Modernization Act FY22 House and Senate Agriculture-FDA Appropriations

Client expense: Not reported · Firm income: $10,000

Government targets: Agriculture, Dept of (USDA), HOUSE OF REPRESENTATIVES, SENATE

USDA Funding - Coronavirus Food Assistance Program (CFAP) payments to dairy farmers S.1251, the Growing Climate Solutions Act The Relief for America's Small Farmers Act H.R. 1381/ S. 480 - Permanent deduction of Section 199A Infrastructure package H.R. 1603 -The Farm Workforce Modernization Act FY22 House and Senate Agriculture-FDA Appropriations

Client expense: Not reported · Firm income: $10,000

Government targets: Agriculture, Dept of (USDA), HOUSE OF REPRESENTATIVES, SENATE

Legislation related to tax reform. Implementation of the tax reform bill. Legislation related to tax incentives for vehicles and fuel. S.480 & H.R.1381 - Main Street Tax Certainty Act H.R.2346 - To amend the Internal Revenue Code of 1986 to allow 10-year straight line depreciation for energy efficient qualified improvement property, and for other purposes. H.R.5376 - Build Back Better Act S.2387 - Small Business Tax Fairness Act H.R.5376 - Inflation Reduction Act of 2022

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

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

S.480 & H.R.1381 - Main Street Tax Certainty Act H.R.1860 - Responsible Additions and Increases To Sustain Employee Health Benefits Act of 2021 H.R.1854 - RECRUIT Act of 2021

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Build Back Better Act (H.R.5376) -- tax provisions (also LBR issue) Clean Energy for America Act (S.1298) -- tax provisions (also LBR & ENG issue) Death Tax Repeal Act of 2021 (H.R.1712/S.617) Inflation Reduction Act of 2022 (H.R.5376) -- labor & workforce issues (also LBR issue) Issues Related to Comprehensive Infrastructure (also SMB, BUD & TRA issue) Issues Related to S-Corp and Pass-through Entities Main Street Tax Certainty Act of 2021 -- tax provisions (H.R.1381/S.480)

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

Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Small Business Administration (SBA)

Legislation related to tax reform. Implementation of the tax reform bill. Legislation related to tax incentives for vehicles and fuel. S.480 & H.R.1381 - Main Street Tax Certainty Act H.R.2346 - To amend the Internal Revenue Code of 1986 to allow 10-year straight line depreciation for energy efficient qualified improvement property, and for other purposes. H.R.5376 - Build Back Better Act S.2387 - Small Business Tax Fairness Act H.R.5376 - Inflation Reduction Act of 2022

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

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

S.480 & H.R.1381 - Main Street Tax Certainty Act H.R.1860 - Responsible Additions and Increases To Sustain Employee Health Benefits Act of 2021 H.R.1854 - RECRUIT Act of 2021

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1381 Main St Tax Certainty Act. Makes permanent Section 199A of the tax code H.R. 1977 Enhancing Credit Opportunities in Rural America Act (ECORA) H. R. 5376 - Inflation Reduction Act of 2022 (Build Back Better) H.R. 5586 Prohibiting IRS Financial Surveillance Act H.R. 6732 Small LENDER Act H.R. 6802 Preventing Racial Profiling in Lending Act S. 480 Main Street Tax Certainty Act S. 2202 Enhancing Credit Opportunities for Rural America S. 3506 Prohibiting IRS Financial Surveillance Act Administration Proposal to Close the Tax Gap Bank Account Information Reporting to the IRS Credit Union Tax Exemption ECORA - Tax relief for community banks - Support Tax Relief for Community Bank Retained Earnings

Client expense: $718,825 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

- Oppose expanding the 3.8% Net Investment Income Tax (NIIT) to individuals and families - Build Back Better Package / Reconciliation Package (H.R. 5376) - oppose proposed tax increases - maintain current small business deduction and stepped-up basis,and oppose grantor trust changes. - Death Tax Repeal Act (H.R. 1712/S.617) - support legislation to permanently repeal the estate tax. - Main Street Tax Certainty Act of 2021 (H.R. 1381/S. 480) - made permanent the Section 199A, the small business deductions - Accelerate Long-Term Investment Growth Now (ALIGN) Act (S.1166) - Make full expensing provisions permanent, which allows businesses to immediately deduct the cost of new capital equipment purchases in the year they are purchased. - American Innovation and R&D Competitiveness Act (H.R. 1304) Support bill which eliminates the 5-year amortization requirement for research and experimental expenditures scheduled to begin in 2022, thus allowing continued expensing. - American Innovation and Jobs Act (S. 749) - Support bill which revises and expands the deductibility of research and experimental expenditures to allow immediate expensing of such expenditures. It also allows the amortization over a period of at least 60 months of certain other types of research and experimental expenditures not treated as expenses. It also increases the maximum amount eligible for the tax credit for new and small businesses

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

- Oppose expanding the 3.8% Net Investment Income Tax (NIIT) to individuals and families - Build Back Better Package / Reconciliation Package (H.R. 5376) - oppose proposed tax increases - maintain current small business deduction and stepped-up basis,and oppose grantor trust changes. - Death Tax Repeal Act (H.R. 1712/S.617) - support legislation to permanently repeal the estate tax. - Main Street Tax Certainty Act of 2021 (H.R. 1381/S. 480) - made permanent the Section 199A, the small business deductions - Accelerate Long-Term Investment Growth Now (ALIGN) Act (S.1166) - Make full expensing provisions permanent, which allows businesses to immediately deduct the cost of new capital equipment purchases in the year they are purchased. - American Innovation and R&D Competitiveness Act (H.R. 1304) Support bill which eliminates the 5-year amortization requirement for research and experimental expenditures scheduled to begin in 2022, thus allowing continued expensing. - American Innovation and Jobs Act (S. 749) - Support bill which revises and expands the deductibility of research and experimental expenditures to allow immediate expensing of such expenditures. It also allows the amortization over a period of at least 60 months of certain other types of research and experimental expenditures not treated as expenses. It also increases the maximum amount eligible for the tax credit for new and small businesses

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

ACCESS TO CAPITAL JOBS Act 4.0: Continue to support this legislative package of access to capital measures and regulatory improvements introduced by Senator Pat Toomey (R-PA). Improving Crowdfunding Rules: Continue to express support for enhancements to equity and debt-based crowdfunding (Title III crowdfunding) that would lower costs, unleash additional capital, and improve reporting and regulatory compliance for startups and small businesses. TAX AND SPENDING POLICY Build Back Better Act (BBB)"/"Inflation Reduction Act" (IRA): Opposed this variation of BBB that raises taxes and fuels inflationary pressures through new government spending. Specifically, in IRA: Expressed concern and opposition to: the various tax increases including corporate taxes, tax changes to carried interest and extending the limitation on Main Street pass-through businesses to claim losses for two years without extending the 20% small business deduction; the size of the spending package and its impact on inflation and fiscal condition of the federal government; price controls on drugs; and the new spending for the IRS without implementing needed reforms and checks. Tax Cuts and Jobs Act (TCJA): Continue to express support for the permanency of various provisions of the TCJA including Section 199A, lower personal tax rates, expensing provisions and estate tax changes. Main Street Certainty Act, H.R. 1381/S. 480: Continue to support the advancement of this bill to make permanent the 20% small business deduction in the Tax Cuts and Jobs Act. Renewing Investment in American Workers and Supply Chains Act, H.R. 7229/S.4012: Support this legislation to allow accelerated depreciation for all structures. "Wealth Taxes:" Continue to oppose various schemes to tax wealth based on unrealized gains on property. REGULATION AND COMPETITION POLICY Fair and Open Competition Act, S. 403/H.R. 1284: Continue to support this legislation, which would prevent the Administration from using project labor agreement (PLAs) in federal procurement contracts. Project Labor Agreements (PLAs): Continue to express opposition to President Bidens Executive Order on the use of PLAs on federal procurement projects, including the bipartisan infrastructure package. Employee Rights Act, S.3889: Continue to support this bill introduced by Senator Tim Scott to protect the status of independent contractors. New Overtime Rules: Continue to express concern about changing overtime rules. Independent Contractor Rule: Continue to express general support for streamlining and modernizing the independent contractor rule, and oppose proposals that would make many independent workers inappropriately (and against their will and wishes) categorized at employees. Joint Employer: Expressed concern for changing "joint employer" rules as they were recently improved and modernized. Franchise Rule: Have expressed support for the current franchise rule as it is undergoing a periodic decennial review by the Federal Trade Commission (FTC). SEC Climate Disclosure Rule: Filed joints comments against the rule, and its costs, complexity and unworkability for small businesses. Mergers and Acquisitions (M&A): Continue to express concern about Federal Trade Commission and Department of Justice action and changes to the regulatory framework governing M&A review and how this would impact the innovation and startup ecosystem in the United States. President Biden Competition Executive Order: Continue to express concerns about the premise and actions behind the EO to regulate and micro-manage various sectors of the economy including technology, energy, bio-pharmaceuticals, telecommunications, railroads and other sectors that are dominated by small-to-mid-size businesses (SMBs). Targeted Tech Legislation and Anti-Trust: Continue to express concerns about the impact and unintended consequences of legislation, regulation and anti-trust re-writes at the Federal Trade Commission (FTC) aimed at big tech and how it would impact small business access to markets and capital, and the entrepreneurial and innovation ecosystem in general. American Innovation and Online Choice Act, S.2992: Oppose the legislation. Platform Competition and Opportunity Act, H.R. 3826/S.3197: Oppose the legislation. Energy and Gas Prices: Continue to express concern about restrictive energy policies with respect to developing energy in the U.S. and how such restrictions are contributing to higher energy prices. Continue to express concern about the potential for higher taxes on this sector via a "windfall profits tax," restrictions and limitations placed on energy development on public lands, and red tape and lengthy reviews for permits and energy infrastructure projects. Electronic Payments and Credit Card Regulation: Continue to voice concern about new regulations on the payments system, specifically credit routing requirements and how they undermine payment-systems innovation that has provided small businesses a lifeline during the pandemic and payments options for small businesses and startups. Expressed opposition to the Credit Card Competition Act of 2022. Privacy Policy and Legislation: Support a national framework for privacy that is inclusive and equitable to all industries. Expressed areas where the "American Data Privacy and Protection Act" (H.R. 8152) could be improved for small businesses. Railroad Strike: Expressed concern about the potential for a rail strikes and its impact on supply chains, inflation and economic disruption in general. AFFORDABLE AND COMPETITIVE HEALTH COVERAGE Affordability/More Choices: Continue to urge members of Congress and the Administration to advance market-oriented reforms that will lower health coverage costs for small businesses and increase choices in the marketplace like improved health savings accounts, support for transitional plans and local-direct health care. Oppose efforts, generally, to impose new mandates and taxes that will add to small business costs and reduce access to health care. Price Controls on Drugs: Continue to express opposition to efforts that place price controls on drugs either through Medicare negotiation, an international pricing mechanism, drug importation, and the misdirected effort to use march-in rights under the Bayh-Dole Act. Virtual Health Care and Telehealth: Urged Congress to reinstate virtual care access advanced during COVID-19 that enabled employers and health plans to provide pre-deductible coverage for telehealth services for individuals with HDHP-HSAs. ACCESS TO BROADBAND Extending America's Spectrum Leadership Act (H.R. 7783): SBE Council supported the legislation. NTIA Rules on the Infrastructure Package: Following our filing of comments before the National Telecommunications and Information Administration on the Broadband Equity, Access, and Development (BEAD) and Digital Equity Planning Grant programs in the infrastructure package, we continue to urge the adoption of simple, transparent rules and common-sense principles to ensure the effectiveness of these programs in delivering broadband to those lacking access, and to avoid waste and abuse of funds. Spectrum: Continue to express support for and the need to unleash mid-band spectrum in order to enable 5G rollout and deployment across the country. INTELLECTUAL PROPERTY RIGHTS AND PROTECTIONS World Health Organization COVID IP Waiver: Continue to express opposition to the Biden Administrations support of a petition before the World Trade Organization that would waive vital intellectual property (IP) rights for COVID-19 vaccines and US innovators, which would essentially undercut American IP rights for U.S.-made innovations. Bayh-Dole Act: Continue to express support for the principals and rational behind Bayh-Dole (which strengthened IP rights) and against effort to undermine its effectiveness such as the misuse of march-in rights to take away IP protections. TRADE & GLOBAL MARKET ACCESS Trade Agreements: Continue to push for U.S. leadership on trade deals and opening global markets for U.S. businesses. Moratorium on Customs Duties and Electronic Transmissions: SBE Council supported the renewing of the moratorium before the World Trade Organization (WTO). GOOD GOVERNMENT Improve the SBA Act (H.R. 7628): SBE Council supports the legislation. Monetary Policy: Continue to express the need for the Federal Reserve to rein in the supply of money, and leave interest rates to the market. Workforce Policy/Access to Skilled Labor Continue to express support for policies that will increase the supply of labor and skilled labor such as immigration reform, new service-sector visas, improving the earned-income tax credit, and fixing penalties on social security benefits for those who return to work.

Client expense: $45,000 · Firm income: Not reported

Government targets: Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), President of the U.S., SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA)

H.R. 3684 INVEST in American Act: provisions related to business tax policy. H.R. 1381 - Main Street Tax Certainty Act of 2021: provisions related to Section 199A 20-percent deduction for qualified business income. S. 480 - Main Street Tax Certainty Act of 2021: provisions related to Section 199A 20-percent deduction for qualified business income. S.2387 - Small Business Tax Fairness Act: all provisions

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1381, the Main Street Tax Certainty Act - support bill S. 480, the Main Street Tax Certainty Act - support bill Preserving 199A deduction H.R. 1712, the Death Tax Repeal Act - support bill S. 617, the Death Tax Repeal Act of 2021 - support bill Issues related to the estate tax

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

529 Plans. Qualified Improvement Property. Pass-Through Rates. Temporary and targeted liability protections related to the COVID-19 pandemic. H.R. 1381/S. 480: the Main Street Tax Certainty Act of 2021. Treasury (Reg.) Title: Coronavirus State and Local Fiscal Recovery Funds (RIN 1505-AC77). Internal Revenue Code Section 1031. Stepped-up Basis. H.R. 6161: the ERTC Reinstatement Act. 3.8% Net Investment Income Tax. Inflation Reduction Act of 2022.

Client expense: $610,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of

Work Opportunity Tax Credit (WOTC). Extension/enhancement of the Employee Retention Tax Credit (ERTC) and ERTC refund improvements. Implementation of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Pub. L. No. 116-136. Implementation of the Paycheck Protection Program Flexibility Act of 2020, Pub. L. No. 116-142. H.R. 793/S. 255, RESTAURANTS Act of 2021. Implementation of the American Rescue Plan Act of 2021, Pub. L. No. 117-2. S. 537, Healthy Workplaces Act. H.R. 1398/S. 122, Filtering and Retrofitting the Environment for Safe and Healthy Activities Indoors and Revenue (FRESH AIR) for Businesses Act. H.R. 3807/S. 2091, Restaurant Revitalization Fund Replenishment Act of 2021. H.R. 1381/S. 480, Main Street Tax Certainty Act. S. 2387, Small Business Tax Fairness Act. Tax rates, including corporate, individual, small business, and proposed cap on 199A. Estate tax, capital gains, and step-up basis. H.R. 4568, ENTREE Act. Net Investment Income Tax (NIIT). H.R. 6161/S. 3625, Employee Retention Tax Credit Reinstatement Act. S. 2675, Continuing Emergency Support for Restaurants Act. Restaurant Revitalization Funds. H.R. 5376, Inflation Reduction Act of 2022, proposed cap on 199A. IRS tax enforcement. FICA tax trip credit. S. 3909, Military Spouse Hiring Act.

Client expense: $700,000 · Firm income: Not reported

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

Support reforms to Section 199A Support the Main Street Certainty Act (S. 480 / HR 1381) COVID-19 related tax relief for agribusinesses Oppose tax increases on agribusinesses and farmers Oppose Build Back Better Act (HR 5376) Oppose expansion of Net Investment Income Tax (NIIT) Oppose efforts to limit the ability to fully deduct looses during economic downturn by expanding and extending the so-called "excess business loss limitation."

Client expense: $210,000 · Firm income: Not reported

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

Build Back Better Act (H.R. 5376) Death Tax Repeal Act (H.R. 1712/S. 617) Main Street Tax Certainty Act (H.R. 1381/S. 480) Preserving Family Farms Act (H.R. 2370/S. 3077) American Families Plan American Jobs Plan Stepped-up basis Like-kind exchanges Estate tax issues Capital Gains rates General small business tax issues

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE