Death Tax Repeal Act of 2023

Business Interest Deduction. Employee Retention Tax Credit. Foreign Tax Credits. Foreign-Derived Intangible Income (FDII). Full Expensing. GILTI (Global Intangible Low-Taxed Income). Interest Deductibility (163(j) EBITDA Limitation). Interest Deductibility (163(n) Leverage Test). Interest Deductibility (163(o) Carry forward Limits). R&D Amortization. R&D Tax Credit. Sec.473 LIFO Relief. Workforce Development Tax Incentives. Implementation of Section 45W credit for qualified commercial clean vehicles added to the Internal Revenue Code added by Section 13403 of the Inflation Reduction Act (IRA) - H.R.5376 Inflation Reduction Act (IRA) Section 13403/ IRS Notice 2022-46/ IRS Notice 2022-56. H.R.338/S.1108 - Death Tax Repeal Act of 2023. H.R.3936 - Tax Cuts for Working Families Act. H.R.3938 - Build It in America Act. H.R.2673 - American Innovation and R&D Competitiveness Act of 2023. H.R.7024 - Tax Relief for American Families and Workers Act of 2024. S.866 - American Innovation and Jobs Act. Extension of provisions within the Tax Cuts and Jobs Act.

Client expense: $840,000 · Firm income: Not reported

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

Issues related to S-corps and pass through entities; Issues related to the ability to use stepped-up basis; Issues related to the estate tax and capital gains at death; Death Tax Repeal Act (H.R. 7035; S. 1108); CHEERS Act (H.R. 7577)

Client expense: Not reported · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

- Main Street Certainty Act (S. 1706 / H.R. 4721) - Supporting the Section 199A the Small Business Deduction, makes permanent the tax deduction for qualified business income. (Under current law, the deduction expires after December 31, 2025. - Tax Relief for American Families and Workers Act of 2024 (H.R. 7024) - Support bill which restores Section 174 expensing for US-based R&D investments, full and immediate expensing for investments in machinery and equipment, the EBITDA-based business interest limitation under Section 163(j), makes permanent the tax deduction for qualified business income, and expands the Low-Income Housing Tax Credit. - Freedom to Invest in Tomorrows Workforce Act (H.R. 1477 / S. 722) - Support bill which expands the eligible uses of 529 tax-advantaged education savings account funds to cover costs associated with workforce training and credentialing programs. - American Innovation and Jobs Act - (S.866/H.R.2673) - American Innovation and R&D Competitiveness Act of 2023 - support bills to ensure manufacturers can fully deduct R&D expenses each year and expand the R&D tax credit for startups and small businesses. - The Accelerate Long-term Investment Growth Now (ALIGN) Act (H.R. 2406/S. 1117) - Support bill which to make permanent allowing businesses to fully expense new investments in the year of purchase. - Death Tax Repeal Act (S. 1108/ H.R. 7035) - Support full and permanent repeal of the estate tax.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Apprenticeship and Prevailing Wage Requirements under the Inflation Reduction Act of 2022 (H.R.5376) (also LBR issue) Death Tax Repeal Act of 2023 (S.1108) -- also SMB issue Freedom to Invest in Tomorrow's Workforce Act (H.R.1477/S.722) -- also LBR issue Issues related to small business and pass through tax deduction Issues related to the Estate/Death tax Tax Relief for American Families and Workers Act (H.R. 7024) USA Workforce Tax Credit Act (H.R.1656) -- also LBR issue

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

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

General issues related to Small Businesses Death Tax Repeal Act of 2023 (S.1108) -- also SMB issue

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

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

In support of the Improve and Enhance the Work Opportunity Tax Credit Act (S.5370, H.R. 6833), which increases credit to reflect inflation and encourages worker retention. In support of the Main Street Certainty Act (S.1706, H.R. 4721) which makes the IRS Section 199A small-business deduction for certain qualified business income (QBI) permanent for partnerships LLC's and other non-corporate businesses. In support of the Death Tax Repeal Act (S. 1108, H.R. 7035) which permanently repeals a law which imposes a tax on the transfer of property, land and other assets from a deceased family member to heirs of family farms and small businesses. In support of the ALIGN Act (S.1117, H.R. 2406), which would make permanent full and immediate expensing for American investments in machinery and equipment. In support of the American Investment in Manufacturing (AIM) Act (S.1232, H.R. 2788), which re-instates the standard for business interest deductions.

Client expense: Not reported · Firm income: $15,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S 1108 - Death Tax Repeal Act of 2023: all provisions. S 1706 - Main Street Tax Certainty Act: all provisions.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Oppose tax increases on agribusinesses and farmers 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. Support the Death Tax Repeal Act of 2023 (S. 1108) Support making Section 199A permanent Support the Main Street Tax Certainty Act (S 1706) Support for Generalized System of Preferences (GSP) Reform Act (H.R. 7986) Support extension of key provisions of the 2017 Tax Cuts and Jobs Act that benefit the agricultural industry and their rural communities.

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

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

Tax Relief and Reform Tax Cuts and Jobs Act of 2017: Support extending/making permanent the expiring provisions of the legislation that terminate in 2025 and have expressed opposition to raising taxes on small businesses. Submitted comments to the House Ways and Means Tax Working group detailing the benefits of the TCJA and our support for permanency. R&D Tax Credit-Immediate Expensing: Continue to support restoring and making permanent full expensing for R&D expenditures for small businesses. Support "American Innovation and Jobs Act" (S. 866) in the Senate and "American Innovation and R&D Competitiveness Act" (H.R. 2673) in the House. Main Street Tax Certainty Act of 2023 (S. 1706, H.R. 4721): Support House and Senate versions of the legislation to make permanent the 20-percent deduction for small businesses (Section 199A). Death Tax Repeal Act of 2023 (S. 1108): Support House and Senate bills to permanently repeal the death tax and continue to support action by Congress. Regulation Basel III Endgame Implementation: Continue to express concern about the proposal by the U.S. Federal Reserve and Federal Deposit and Insurance Corporation in regard to the impact on small business capital access and affordability. Save Local Businesses Act (S.1261, HR 2826): Continue to support the legislation. Protecting the Right to Organize (PRO) Act (S. 567): Continue to oppose the legislation. The Protect Small Business and Prevent Illicit Financial Activity Act: SBE Council supports S. 3625 to delay implementation of the Corporate Transparency Act and H.R. 9278, legislation to delay the Corporate Transparency Acts year-end compliance deadline. We have also supported repeal of this measure via the "Repeal Big Brother Overreach Act." Consumer Financial Protection Bureaus (CFPBs) Rule Capping Credit-Card Late Fees: Continue to voice concern about the rules unintended consequences for small businesses. Prove-It Act (H.R. 7198): Supported House passage of the legislation. Midnight Rules Relief Act (H.R. 115): Supported House passage of the legislation. The Credit Card Competition Act (S.1838): Continue to oppose the legislation. Railway Safety Act (S. 576): SBE Council continues to express concern about the legislation as well as proposals to intrusively regulate the railroad industry, which is dominated by small businesses. The Small Business Regulatory Reduction Act (H.R. 3995): Continue to support full House passage. The Fishery Improvement to Streamline Untimely Regulatory Hurdles post Emergency Situation Act (FISHES Act): Supported House passage of the legislation. Warehouse Worker Protection Act (S.4260): Opposed the introduction of legislation in the U.S. Senate. DOLs Overtime Rule: Requested Wage and Hour Division to delay implementation of the second increase to the minimum salary threshold as mandated by the Final Rule from January 1, 2025 to at least May 1, 2025 pending judicial review, which was currently underway. Federal Trade Commission: SBE Council commented on the Reopening of Solicitation for Public Comments on Provisions of Franchise Agreements and Franchisor Business Practices {Docket No: FTC-2023-0026) because of its one-size-fits-all approach and that it has been pursued and advanced without empirical data or the required cost-benefit analysis. Moreover, reopening the rule in the hopes of acquiring more anecdote to justify it does not address its primary flaws. Federal Deposit Insurance Corporation: SBE Council submitted comments outlining the unnecessary actions proposed by the Change in Bank Control Act proposal (RIN 3064-AG04). Blacklisting: Expressed opposition to the unrelated blacklisting provision in the Workforce Innovation and Opportunity Act (WIOA). Privacy Policy: Continue to express the need for a national regulatory framework, but for Congress to consider a framework that avoids adding to the growing patchwork burden of state privacy laws, and to carefully consider unintended consequences on small businesses. Access to Capital Expanding Access to Capital Act (H.R. 2799): SBE Council supported House passage and action by the U.S. Senate. Affordable Health Coverage and Health Care Innovation Continue to voice ongoing concerns about the rising costs of health coverage and lack of choices in many markets. Voiced support for these various reforms: enhancing tax credits for small businesses, expanding and making additional fixes to HSAs, reforming QSEHRAs, and making CARESs Act telehealth provisions permanent. CHOICE Arrangement Act (H.R. 2799): Supported House passage and continue to support Senate action on the legislation. Tax Credit for Small Businesses: Support making reforms to the restrictive and temporary health care tax credit for small businesses to make it more practical for small businesses. HSA Modernization Act (H.R. 5687) and Bipartisan HSA Improvement Act (H.R. 5688): Continue to support full House action. Telehealth Expansion Act of 2023 (H.R. 1843) (S. 1001): Continue to support full House and Senate action. Telehealth: Joined allies in urging the Centers for Medicare and Medicaid Services (CMS) to expedite the creation of permanent policy related to telehealth practitioners and requirements related to the reporting of their location at the time of service. Chronic Disease Flexible Coverage Act (H.R. 3800): Supported full House passage and Senate action. Paperwork Burden Reduction Act (H.R. 3797): Supported full House passage and Senate action. Employer Reporting Improvement Act (H.R. 3801): Supported full House passage and Senate action. Small Business Flexibility Act (H.R. 3798): Support full House passage. Custom Health Option and Individual Care Expense Arrangement Act (H.R. 3799): Support full House passage. SMART Prices Act (S. 1264): Continue to oppose the legislation. Property Rights and IP March-In and the Bayh Dole Act: Continue to express opposition to a regulatory guidance proposal via the National Institutes of Health (NIST) that considers price as a basis for invalidating the patents of research and innovations seeded with federal government dollars. Patent Eligibility Restoration Act (S.2140): Support the legislation. Promoting and Respecting Economically Vital American Innovation Leadership Act (PREVAIL Act) (S.2220): Support the legislation. Trade and Global Market Access Digital Trade Principles: Continue to express concern about the U.S. pulling away from these global principles and the need for President Biden to revisit the United State Trade Representatives action to withdraw from for foundational positions on digital trade policy within the World Trade Organization (WTO). Supporting Business Competitiveness and Startup Activity Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy (CREATE) Act (S.3759): Support the legislation. Small Business Technological Advancement Act (S.2330/H.R. 10269): SBE Council supports the legislation. Access to Broadband and Next Gen Technology Rural Internet Improvement Act of 2023 (S.130) (H.R. 3216): Continue to support the legislation. Development of a National Spectrum Strategy (NSS): Continue to express support for such a policy and the need for more spectrum to deploy next Gen technologies and 5G. Nominations National Labor Relations Board Nomination (NLRB): SBE Council opposed the nomination and Senate confirmation of Lauren McFerran to serve another term as Chair of the NLRB.

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

Government targets: Centers For Medicare and Medicaid Services (CMS), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE

S 1108; "The Death Tax Repeal Act of 2023;" Impacts on dairy producers HR 338; "The Permanent Repeal of the Estate Tax Act of 2023;" Impacts on dairy producers HR 7024; "The Tax Relief for American Families and Workers Act;" impacts on dairy producers

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Implementation of the Inflation Reduction Act; Impacts on dairy producers Monitor tax incentives for on-farm energy production; Impacts on dairy producers HR 338; "The Permanently Repeal the Estate Tax Act of 2023; Impacts on dairy producers S 1108; "The Death Tax Repeal Act of 2023;" Impacts on dairy producers HR 7024; "The Tax Relief for American Families and Workers Act;" impacts on dairy producers

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S 1108; "The Death Tax Repeal Act of 2023;" Impacts on dairy producers HR 338; "The Permanently Repeal the Estate Tax Act of 2023;" Impacts on dairy producers HR 7024; "The Tax Relief for American Families and Workers Act;" Impacts on dairy producers

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to LIFO accounting. H.R. 7035, S. 1108- Death Tax Repeal Act. Issues related to permanent estate tax relief. S. 1706, H.R. 4721-Main Street Tax Certainty Act. Issues related to the permanence of the 20% deduction for S. Corporations. Section 179 business expensing; bonus depreciation allowances. H.R. 2406/S. 1117 Accelerating Long-term Investment Growth Now Act H.R.2555 - SALT Deductibility Act; issues related to the ability of pass through businesses to fully deduct state and local taxes. H. Res. 237; Issues related to the ability to use stepped-up basis. H.R.4073, S. 1781-to amend the Harmonized Tariff Schedule of the United States to provide a uniform 8-digit subheading number for all whiskies. Issues related to the tax differentiation between beer, wine and liquor. H.R. 6833-the Improve and Enhance the Work Opportunity Tax Credit Act. H.R. 7024, The Tax Relief for American Workers and Families Act; Sec. 202. Extension of allowance for depreciation, amortization, or depletion in determining the limitation on business interest. Sec. 203. Extension of 100 percent bonus depreciation; Sec. 204. Increase in limitations on expensing of depreciable business assets. H.R. 7577, The Creating Hospitality Economic Enhancement for Restaurants and Servers (CHEERS) Act.

Client expense: $470,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R.1440/S.694 - the Modern, Clean and Safe Trucks Act; H.R.1477/S.722 - Freedom to Invest in Tomorrows Workforce Act; H.R.2450 - the Strengthening Supply Chains through Truck Driver Incentives Act; H.R. 4721/ S. 1706 - Main Street Tax Certainty Act; H.R. 7024 - Tax Relief for American Families and Workers Act; H.R. 8578 - Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act; H.R. 8915, the Education and Workforce Freedom Act; and S. 1108 / H.R. 7035 - Death Tax Repeal Act; . Tax issues relating to Motor Carrier Tax, Highway Reauthorization, Highway Funding, Fuel Tax, Independent Contractors, Tolling, Heavy Vehicle Use Tax, Federal Highway Trust Fund, Alternative Fuel Tax Credit and the Biodiesel Tax Credit, and the Moving Expense Tax Deduction

Client expense: $630,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 6833/S. 5370 - Improve and Enhance the Work Opportunity Tax Credit Act H.R. 3665 - Defending American Jobs & Investment Act S. 1706 - Main Street Tax Certainty Act Implementation of the Employee Retention Tax Credit S.1108 - Death Tax Repeal Act of 2023 Tax Extenders (including bonus depreciation) Earned income tax credit, workforce incentives H.R. 9263 - The Supporting Innovation in Agriculture Act Issues related to the expiration of the Tax Cuts and Jobs Act

Client expense: $140,000 · 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. Tax rates, including corporate, individual, small business, and proposed cap on 199A. Net Investment Income Tax (NIIT), estate tax, capital gains, and step-up basis. IRS tax enforcement, and ERTC refund improvements. FICA tax tip credit. Bonus depreciation. Business meals deduction. HIRE Act. H.R. 2788/S. 1232, AIM Act. Service Industry Tip Compliance Agreement program. S. 1706, Main Street Tax Certainty Act. H.R. 4756, Community News and Small Business Support Act. Estate tax repeal proposals. H.R. 7024, Tax Relief for American Families and Workers Act of 2024. H.R. 6833, Improve and Enhance the Work Opportunity Tax Credit Act. H.R. 5689, EITC Age Parity Act of 2023. Service Industry Tip Compliance Agreement (SITCA) program. H.R. 7577, Creating Hospitality Economic Enhancement for Restaurant and Servers. S. 3680, Paid Family and Medical Leave Tax Credit Extension and Enhancement Act. H.R. 8941/S. 4621, No Tax on Tips Act. H.R. 7035/S. 1108, Death Tax Repeal Act.

Client expense: $900,000 · Firm income: Not reported

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

American Family Act HR 3899; S.1992 - Child tax credits Social Security 2100 Act H.R. 4583; S. 2280 - Social Security Solvency No Tax Breaks for Outsourcing Act H.R. 774; S.357 - Making changes to various tax provisions that encourage offshoring of jobs No Tax Breaks for Union Busting Act H.R. 5456; S. 737 - Making changes to the tax code to disincentivize writing off expenses related to union busting taxes Billionaire Minimum Income Tax Act H.R. 6498 - Create new taxes billionaires Assuring Medicares Promise Act H.R. 34 - New taxes and changes to ensure Medicare solvency Social Security Expansion Act H.R. 1046; S. 393 - Expand social security benefits For the 99.5 Percent Act H.R. 2676; S. 1178 - Increase tax rates on decedent estates, gifts, and generation skipping transfers Ultra-Millionaire Tax Act H.R. 7749 - New taxes on ultrawealthy individuals Wall Street Tax Act H.R. 4870 - Create a 0.1% excise tax on certain financial transactions such as the purchase of stocks, bonds, and derivative Oligarch Act H.R. 4919 - Create a tax on the net value of all taxable assets of a taxpayer as of the last day of any calendar year Stop Subsidizing Multimillion Dollar Corporate Bonus Act H.R. 324; S. 3155 - Extend the $1 million limit on the deductibility of executive compensation to all employees of publicly traded corporations End Tax Breaks for Dark Money Act H.R. 7244; S. 3743 - Extends the capital gains tax on transfers of appreciated property to certain tax-exempt social organizations (e.g., civics leagues, agricultural organizations, or business leagues) End Polluter Welfare Act H.R. 9839 - Eliminates certain tax breaks and incentives for oil and gas companies Tax on Wall Street Speculation Act H.R. 4119; S. 1990 - Create an excise tax on the transfer of ownership in certain securities (covered transactions), including any share of stock in a corporation; any partnership or beneficial interest in a partnership or trust; any note, bond, debenture, or other evidence of indebtedness (excluding tax-exempt municipal bonds); and derivative financial instruments or digital assets End Oil & Gas Tax Subsidies Act H.R. 1483 - Limit or repeal certain fossil fuel oil and gas subsidies for oil companies. Tax Excessive CEO Pay Act H.R. 7041; S. 3620 - Increase the corporate income tax rate based on the ratio of compensation of principal executive officers or other highest compensated employees to median worker compensation Curtailing Executive Overcompensation Act H.R. 6191; S. 3176 - Create an excise tax on employers (i.e., business entities) that have at least a 50 to 1 disparity between the wages (including bonuses, stock awards and options) of chief executive officers and the wages paid to their workers. Applicable to employers that have not less than $100 million in annual gross receipts and $10 million in payroll over a 3 year period and limit such tax to 1% of an employer's gross receipts. Stop Corporate Inversions Act H.R. 8268 ; S. 4275 - Makes changes to corporate taxes to disincentivize offshoring CEO Accountability & Responsibility Act H.R. 1284 - Increases the corporate income tax rate for publicly traded corporations that pay their chief executive officers or highest paid employees more than 100 times the median compensation of all their U.S. employees or that increase the number of contracted or foreign employees. Ending Wall Street Tax Giveaway Act; H.R. 2686 - Modify the tax treatment of carried interest Medicare & Social Security Fair Share Act H.R. 4535 ; S. 1174 - Increase funding for the Social Security and Medicare trust funds by extending the payroll tax on wages, self-employment income, and investment income to taxpayers with earnings exceeding $400,000. Corporate Tax Dodging Prevention Act H.R. 7933; S. 4098 - Makes changes to prevent corporations dodging federal taxes American Innovation & Jobs Act H.R. 2673;S. 866 - Eliminate the five-year amortization requirement for research and experimental expenditures, thus allowing continued expensing of such expenditures in the taxable years in which they are incurred. Death Tax Repeal Act H.R. 7035; S. 1108 - Repeal of the estate and generation-skipping transfer taxes. It also sets forth conforming amendments related to the gift tax. Main Street Tax Certainty Act H.R. 4721; S. 1706 - Makes permanent the tax deduction for qualified business income TCJA Permanency Act H.R. 976 - Makes permanent the Tax Cuts and Jobs Act Saving Gig Economy Taxpayers Act H.R. 190 - This bill modifies requirements for third party settlement organizations to eliminate their reporting requirement with respect to the transactions of their participating payees unless they have earned more than $20,000 on more than 200 separate transactions in an applicable tax period. ALIGN Act H.R. 2406 - This bill makes permanent the expensing of certain new business equipment. Expensing allows the deduction of the full amount of an expense item in the same taxable year. FairTax Act H.R. 25 - This bill creates a national sales tax on the use or consumption in the United States of taxable property or services in lieu of the current income taxes, payroll taxes, and estate and gift taxes. Defending American Jobs & Investment Act H.R. 3665 - provides for the enforcement of remedies against foreign countries that have extraterritorial or discriminatory taxes. Small Business Growth Act H.R. 3661 - This bill increases from $1 million to $2 million to the limitation on expensing of depreciable business assets. It also increases the asset threshold amount used to reduce the expensing limitation. American Investment in Manufacturing Act H.R. 2788 - This bill makes permanent the allowance for depreciation, amortization, or depletion for purposes of determining the income limitation on the tax deduction for business interest. Permanently Repeal the Estate Tax Act H.R. 338 - Repeals the federal estate tax, effective for estates of decedents dying after December 31, 2022. Billionaires Income Tax Act - S. 3367 Imposes new taxes on taxpayers with high incomes Carried Interest Fairness Act - S. 4123 Eliminated Carried Interest loophole Paying a Fair Share Act S. 1173 - Requires an individual taxpayer whose adjusted gross income exceeds $1 million (high-income taxpayer) to pay a minimum tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year (tentative fair share tax) Ending the Carried Interest Loophole Act S. 3317 - Ends the carried interest loophole Stock Buyback Accountability Act S. 413 - Increase stock buy back taxes Wall Street Tax Act S. 2491 - Create a 0.1% excise tax on certain purchases of stocks, bonds, and derivatives Stop Subsidizing Giant Mergers Act S.4011 - Eliminates the deferral of tax for shareholders who receive stock through corporate mergers, acquisitions, or transfers involving corporations with annual gross receipts exceeding $500 million over the three preceding taxable year period. Book Minimum Tax Repeal Act S. 1559 - Repeals the 15% alternative tax on the financial statement (i.e., book) income of certain corporations. The tax applies to companies that report over $1 billion in profits to their shareholders. Small Business Growth Act S. 2609 - This bill increases from $1 million to $2.5 million the limitation on expensing of depreciable business assets. It also increases the asset threshold amount used to reduce the expensing limitation. Carbon Aviation Tax Act S. 2378 - Imposes jet fuel taxes on private jets

Client expense: $540,000 · Firm income: Not reported

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

S. 1108 - Death Tax Repeal Act S. 1706 - Main Street Tax Certainty Tax Extenders from TCJA LIFO Accounting Water Efficiency Tax Rebates

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Repeal of the estate tax - S. 1108, the Death Tax Repeal Act of 2023; H.R. 7035, The Death Tax Repeal Act of 2024. Tax incentives as they relate to the auto industry and specifically the purchase of electric vehicles/clean vehicles as legislated in the Inflation Reduction Act. Supply chain issues as it relates to LIFO recapture: Supply Chain Disruptions Relief Act - H.R. 700; Supply Chain Disruptions Relief Act - S. 443. Reconciliation as it relates to inclusion of tariffs as revenue raisers.

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

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

H.R. 2450, Strengthening Supply Chains Through Truck Driver Incentives Act, allowing certain licensed commercial truck drivers a $7,500 tax credit in a taxable year; H.R. 4721/S.1706, Main Street Tax Certainty Act, making permanent the tax deduction for qualified business income; Preserving the LIFO accounting method of inventory valuation; H.R. 7035/S.1108, the "Death Tax Repeal Act of 2023" repealing the Estate Tax; Support for pro-growth tax reforms/opposition to tax increases on American families & businesses; House and Senate Continuing Resolution, provision to delay the Corporate Transparency Acts (CTA) year-end compliance deadline

Client expense: $242,964 · Firm income: Not reported

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

Implementation of the Inflation Reduction Act (P.L. 117-169), Death Tax Repeal Act (S. 1108). H.R. 7035 the Death Tax Repeal Act of 2023.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Business Interest Deduction. Employee Retention Tax Credit. Foreign Tax Credits. Foreign-Derived Intangible Income (FDII). Full Expensing. GILTI (Global Intangible Low-Taxed Income). Interest Deductibility (163(j) EBITDA Limitation). Interest Deductibility (163(n) Leverage Test). Interest Deductibility (163(o) Carry forward Limits). R&D Amortization. R&D Tax Credit. Sec.473 LIFO Relief. Workforce Development Tax Incentives. Implementation of Section 45W credit for qualified commercial clean vehicles added to the Internal Revenue Code added by Section 13403 of the Inflation Reduction Act (IRA) - H.R.5376 Inflation Reduction Act (IRA) Section 13403/ IRS Notice 2022-46/ IRS Notice 2022-56. H.R.338/S.1108 - Death Tax Repeal Act of 2023. H.R.3936 - Tax Cuts for Working Families Act. H.R.3938 - Build It in America Act. H.R.2673 - American Innovation and R&D Competitiveness Act of 2023. H.R.7024 - Tax Relief for American Families and Workers Act of 2024. S.866 - American Innovation and Jobs Act.

Client expense: $560,000 · Firm income: Not reported

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

Repealing the federal excise tax on heavy-duty trucks and trailers (H.R. 1440/S. 694, "The Modern, Clean, and Safe Trucks Act") Relief under Section 473 of the Internal Revenue Code for interruptions in LIFO inventories (H.R. 700/S. 443, "The Supply Chain Disruptions Relief Act") Preserve the ongoing availability of LIFO Repeal the estate and generation-skipping transfer taxes, and for other purposes (S.1108, "The Death Tax Repeal Act of 2023") Make permanent the deduction for qualified business income (H.R.4721/S.1706, "Main Street Tax Certainty Act") Proposals, legislation and regulation regarding electric vehicle tax credits and tax credits for electric commercial vehicles Business tax measures, bonus depreciation and interest deductibility (H.R. 7024, "Tax Relief for American Families and Workers Act of 2024") Legislative proposals regarding Section 199A deduction, estate tax, business interest deduction limit, bonus depreciation and maintaining corporate rate and full deductibility of advertising.

Client expense: $1,231,000 · Firm income: Not reported

Government targets: Energy, Dept of, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Small Business Administration (SBA), Transportation, Dept of (DOT), Treasury, Dept of

S.1108 - Death Tax Repeal Act of 2023; H.R.338 - Permanently Repeal the Estate Tax Act of 2023; H.R.976 - TCJA Permanency Act; H.R.108 - Small Business Prosperity Act of 2023; Issues related to retirement and implementation of S.Con.Res. 14 - A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2022 and setting forth the appropriate budgetary levels for fiscal years 2023 through 2031; Consolidated Appropriations Act, 2023 (PL 117-328); H.R.2676/S.1178 - For the 99.5 Percent Act; H.R.4721/S.1706 - Main Street Tax Certainty Act; H.R.1979/S.794 - Tax Excessive CEO Pay Act of 2021; Private Placement Life Insurance; H.R.7024 - The Tax Relief for American Families and Workers Act of 2024.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Death Tax Repeal Act S.1108. Main Street Tax Certainty Act. Preserving Family Farms Act S.1706. Stepped-up basis. Like-kind exchanges. Estate tax issues. Capital Gains rates. General small business tax issues. Beginning Agriculturalist Lifetime Employment (BALE) Act HR 541. Tax Cuts for Working Families Act (H.R. 3936. Small Business Jobs Act (H.R. 3937). Tax Cuts & Jobs Act. Exemption of Excise Tax for Non-Highway Feed Delivery Trucks.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

529 Plans. Qualified Improvement Property. Pass-Through Rates. Stepped-up Basis. 3.8% Net Investment Income Tax. Inflation Reduction Act of 2022. Notice of Funding Opportunity (NOFO) CHIPS Incentives Program - Commercial Fabrication Facilities H.R. 3938, the Build It In America Act. Treasury-IRS (Reg) Title: Increased Credit or Deduction Amounts for Satisfying Certain Prevailing Wage and Registered Apprenticeship Requirements (RIN: 1545-BQ54). H.R. 4721/S. 1706: the Main Street Tax Certainty Act. H.R. 4035: the Protecting Small Business Information Act of 2023. S. 1108: the Death Tax Repeal Act of 2023. H.R. 4820: the Transportation, Housing and Urban Development Appropriations Act. Tax Cuts and Jobs Act, generally. H.R. 7024: Tax Relief for American Families and Workers Act of 2024. IRS-Treasury (Reg.) Title: Section 45V Credit for Production of Clean Hydrogen, Section 48(a)(15) Election to Treat Clean Hydrogen Production Facilities as Energy Property (RIN: 1545-BQ97). H.R. 6833: the Improve and Enhance the Work Opportunity Tax Credit Act.

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

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

Death Tax Repeal Act S.1108 Main Street Tax Certainty Act Preserving Family Farms Act S.1706 Stepped-up basis Like-kind exchanges Estate tax issues Capital Gains rates General small business tax issues - Beginning Agriculturalist Lifetime Employment (BALE) Act HR 541 - Tax Cuts for Working Families Act (H.R. 3936 - Small Business Jobs Act (H.R. 3937) - Basel III Endgame - Corporate Transparency Act 2017 TCJA Reauthorization

Client expense: $70,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 338, Permanently Repeal the Estate Tax Act of 2023 H.R. 7024, Tax Relief for American Families and Workers Act H.R. 2696, Motorsports Fairness and Permanency Act of 2023 S. 1108, Death Tax Repeal Act of 2023 S. 1706/H.R. 4721, Main Street Tax Certainty Act S. 2609/H.R. 3661 Small Business Growth Act

Client expense: $360,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

- Issues related to the Death Tax Repeal Act of 2023 (H.R. 7035/S.1108) - Issues related to the Tax Relief for American Families and Workers Act of 2024 (H.R.7024) - Issues related to bonus depreciation and the Accelerate Long-term Investment Growth Now (ALIGN) Act (H.R.2406/S.1117) - Issues related to housing tax credits and the Neighborhood Homes Investment Act (H.R.3940/S.657) - Issues related to the Low-Income Housing Tax Credit and the Affordable Housing Credit Improvement Act (H.R.3238/S.1557)

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S.443/H.R.700, Supply Chains Disruption Act; S.1108, Death Tax Repeal; S.1706/HR.4721, Main Street Tax Certainty Act; H.R.23, Family and Small Business Taxpayer Protection Act; H.R.338, Permanently Repeal the Estate Tax Act of 2023; H.R.3936, Tax Cuts for Working Families Act; H.R.3937, Small Business Jobs Act; H.R.3938, Build It In America Act; H.R. 6833, Improve and Enhance the Work Opportunity Tax Credit Act; H.R.7024, Tax Relief for American Families and Workers Act of 2024; H.R.7035, Death Tax Repeal Act; Last-in, First-out (LIFO) Inventory Accounting Method; Issues related to 199A deduction; General Federal tax policy

Client expense: $410,000 · Firm income: Not reported

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

*Public Law No: 115-334. All provisions related to the domestic sugar program and any legislation affecting current law. *Administration and management of U.S. sugar policy. *Fair Sugar Policy Act (not yet introduced) *H. Con. Res. 12, Zero for Zero Sugar Resolution *HR 5305, Extending Government Funding and Delivering Emergency Assistance Act (CR), implementation of disaster provisions *HR 2617, Consolidated Appropriations Act, 2023, agriculture disaster assistance implementation *S.J. Res. 25/H.J. Res. 59, Resolutions disapproving adverse wage regulations under the H-2A program *HR 4288, the Agricultural Labeling Uniformity Act *HR 3372, 3318, 3408, 1836, 3013, 2367, supply chain improvement legislation *S. 1108, Death Tax Repeal Act *HR 7062, Farm and Food Cybersecurity Act *H.R.8467, Farm, Food, and National Security Act of 2024, provisions relating to sugar *The Rural Prosperity and Food Security Act of 2024 (Senate Democratic Framework, unnumbered, not yet introduced), provisions relating to sugar *Senate Republican Framework for 2024 Farm Bill (unnumbered, not yet introduced), provisions relating to sugar *HR 9027, House FY2025 Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations, provisions relating to sugar *S. 4690, Senate FY2025 Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations, provisions relating to sugar *HR 10545, American Relief Act, 2025, provisions relating to sugar and agriculture *Ms. Brooke Rollins nomination as Secretary of Agriculture (no number yet assigned) *Tax provisions relating to agriculture in reauthorization of Tax Cuts and Jobs Act, P.L. 115-97 *Federal Insecticide, Fungicide, and Rodenticide Act, 7 U.S.C. 136, relating to ongoing implementation

Client expense: $420,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), HOUSE OF REPRESENTATIVES, SENATE, U.S. Trade Representative (USTR)

Renewable Energy Tax Credits Capital Gains Taxes + Stepped-up Basis Estate Tax Repeal Reform Cost Recovery and Depreciation Issues Extend Bonus Depreciation Business Income Deduction Corporate Tax Rate Forest Reforestation Tax Credit Like-Kind Exchanges (Section 1031) S. 1706, The Main Street Tax Certainty Act S. 1108, The Death Tax Repeal Act the American Families and Jobs Act (H.R. 3936, H.R. 3937, H.R. 3938) H.R. 7024 - The Tax Relief for American Families and Workers Act Clean Fuel Production Tax Credit Sustainable Aviation Fuel Tax Credit

Client expense: $250,000 · Firm income: Not reported

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

S. 1108; H.R. 7035 - Death Tax Repeal Act of 2023 (whole bill) H.R. 7024 - Tax Relief for American Families and Workers Act of 2024 (whole bill) Extension of expiring provisions in P.L. 115-97 (Tax Cuts and Jobs Act)

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S.1108; H.R. 7035 - Death Tax Repeal Act of 2023 (whole bill) S 1706: Main Street Tax Certainty Act (whole bill) H.R. 7024 - Tax Relief for American Families and Workers Act of 2024 (whole bill) Extension of expiring provisions of P.L 115-97 (Tax Cuts and Jobs Act of 2017)

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S.1108 - Death Tax Repeal Act of 2023 H.R. 338: Permanently Repeal the Estate Tax Act of 2023 H.R. 976: Tax Cuts & Jobs Act Permanency Act H.R. 108: Small Business Prosperity Act of 2023 Issues related to retirement and implementation of S. Con. Res. 14, A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2022 and setting forth the appropriate budgetary levels for fiscal years 2023 through 2031 Consolidated Appropriations Act, 2023 (PL 117-328) H.R. 2576 / S. 1178: For the 99.5 Percent Act H.R.1979/S.794 -Tax Excessive CEO Pay Act of 2021 Private Placement Life Insurance S.1706 - Main Street Tax Certainty Act H.R.4721 - Main Street Tax Certainty Act H.R.7024 -The Tax Relief for American Families and Workers Act of 2024.

Client expense: $450,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Treasury, Dept of

Oppose capital gains tax increases and elimination of the stepped up basis provision in the administration's FY24 budget proposal; Supported extension of Section 199A Small Business Deduction; Supported S. 1706 - Main Street Tax Certainty Act - to make the Section 199A 20 percent business income deduction permanent; Supported H.R. 4721 - Main Street Tax Certainty Act - to make the Section 199A 20 percent business income deduction permanent; Supported S. 1117 - ALIGN Act - to make full and immediate expensing permanent; Supported H.R. 2406 - ALIGN Act - to make full and immediate expensing permanent; Supported S. 1108 - Death Tax Repeal Act of 2023 - to repeal the estate tax; Supported H.R. 4937 - The Preserving Family Farms Act of 2023, to allow more farmland or ranchland to be valued at agricultural value rather than development value under Sec. 2032A Special Use Valuation; Supported H.R. 3936 - The Tax Cuts for Working Families Act; Supported H.R. 3937 - The Small Business Jobs Act; Supported H.R. 3938 - The Build It in America Act; Supported H.R. 7024 - Tax Reform for American Families and Workers Act; Discussed the potential of extending and restricting the 45z sustainable aviation fuel tax credit;

Client expense: $26,000 · Firm income: Not reported

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

Kansas Farm Bureau opposes various bills and proposals that eliminate step up basis. We oppose legislation that creates a capital gains tax at date of death. We are thankful Representative Mann led an effort in a Sense of the House to oppose the repeal of stepped up basis. We also commend and support Rep Mann for introducing HR 1250, the Family Farm and Small Business Exemption Act. Kansas Farm Bureau supports a full repeal of the estate tax (commonly referred to as the "death tax" in farming and ranching). Short of a full repeal, keeping the current estate tax at the $11 million indexed for inflation will be key as farming and ranching families make decisions to transition the farm to future generations. Kansas Farm Bureau is monitoring the 40B rule, and the proposed 45Z rule, both pertaining to Sustainable Aviation Fuel (SAF). We support the 45Z rule being based off domestically produced feedstocks and expanding the tax credit to additional grain commodities other than the 40B allowed corn and soybean grains. Other issues we are monitoring include, Biodiesel Tax Credits Renewable Energy Tax Credits Cost Recovery and Depreciation Issues Extend Bonus Depreciation Business Income Deduction Corporate Tax Rate Like-Kind Exchanges (Section 1031) S. 1706, The Main Street Tax Certainty Act S. 1108, The Death Tax Repeal Act The American Families and Jobs Act (H.R. 3936, H.R. 3937, H.R. 3938) H.R. 7024 - The Tax Relief for American Families and Workers Act

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Federal/FDA tobacco regulations. S.1108/H.R. 7035, Death Tax Repeal Act; the legislation would repeal the estate tax. S. 4260, Warehouse Workers Protection Act; the legislation would implement new requirements on companies that operate warehouses regarding repetitive tasks performed by employees.

Client expense: Not reported · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S. 1108/H.R. 7035, Death Tax Repeal Act. The issue for family-owned businesses relates to the repeal of the estate tax.

Client expense: Not reported · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Support H.R. 976 Tax Cuts and Jobs Act Permanency Act. Support S. 1108 Death Tax Repeal Act. Support extensions of R & D credit, section 163(j) interest deduction and full bonus depreciation. Support Protect Small Businesses and Prevent Illicit Financial Activity Act (HR 5119). Support H.R. 7024 Tax Relief for American Families and Workers Act of 2024.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Support S. 1477/H.R. 3146 regarding extension of rum cover over; support S. 1108 Death Tax Repeal Act; support H.R. 7024 Tax Relief for American Families and Workers Act of 2024.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Support H.R. 976 Tax Cuts and Jobs Act Permanency Act; support S. 1108 Death Tax Repeal Act; discussions relating to extension of R & D credit, section 163(j) interest deduction and full bonus depreciation.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Support S. 1108 Death Tax Repeal Act; support H.R. 7024 Tax Relief for American Families and Workers Act of 2024; support H.R. 7035 Death Tax Repeal Act.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Support S. 1108 Death Tax Repeal Act; support H.R. 7024 Tax Relief for American Families and Workers Act of 2024; support restoring bonus depreciation; support restoring small business interest expense.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Support S. 1108 Death Tax Repeal Act; support H.R. 2986 Helping Everyone Access Long Term Healthcare (HEALTH) Act; support Families and Jobs Act; support H.R. 3206 Senior Citizen Tax Elimination Act; support S. 566/H.R. 3435 Charitable Act; support S. 1706/H.R. 4721 Main Street Certainty Act.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE