American Innovation and Jobs Act

The treatment of research & experimental expenditures incurred during the taxable year in connection with trade or business expenses within the American Innovation & Jobs Act (S. 866), American Innovation and R&D Competitiveness Act of 2023 (H.R. 2673), Tax Relief for American Families and Workers Act of 2024 (HR 7024), the concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034 (S Con Res 7 & H Con Res 14), and the One Big Beautiful Bill Act (HR 1 and Senate amendment to HR 1 that became Public Law 119-21).

Client expense: $3,010,458 · Firm income: Not reported

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

Provision regarding the corporate tax rate; making permanent full expensing; S. 187/H.R. 574, the ALIGN Act; S.866, American Innovation and Jobs Act; H.R. 1990, American Innovation and R&D Competitiveness Act of 2025; Implementation of the Inflation Reduction Act (P.L. 117-169); Issues related to electric vehicle tax credits; Issues related to 45W; GILTI; FDII; BEAT; International Tax Framework; H.R. 591, Defending American Jobs and Investment Act; S. 559/H.R. 1347, the American Investment in Manufacturing and Main Street Act; H.R. 7024, Tax Relief for American Families and Workers Act of 2024; S. 541/ H.R. 1367, Eliminating Lavish Incentives to Electric Act; H.Con.Res. 14, Establishing the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034; 45Z Clean Fuel Production Credit,

Client expense: $300,000 · Firm income: Not reported

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

Discussed issues related to research and development (R&D) tax amortization (the deductibility of research and experimental expenditures), the American Innovation Jobs Act (S. 866); the American Innovation and R&D Competitiveness Act of 2025 (H.R. 1990). Discussed issues related to the Tax Cuts and Jobs Act (TCJA) extension, R&D expensing, and international tax policy issues relevant within the One Big Beautiful Bill Act (H.R. 1).

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

Government targets: Commerce, Dept of (DOC), 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. H.R. 1 - One Big Beautiful Bill Act Extension of provisions within the Tax Cuts and Jobs Act.

Client expense: $760,000 · Firm income: Not reported

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

The treatment of research & experimental expenditures incurred during the taxable year in connection with trade or business expenses within the American Innovation & Jobs Act (S. 866), American Innovation and R&D Competitiveness Act of 2023 (H.R. 2673), Tax Relief for American Families and Workers Act of 2024 (HR 7024), the concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034 (S Con Res 7 & H Con Res 14), and the One Big Beautiful Bill Act (HR 1 and Senate amendment to HR 1 that became Public Law 119-21).

Client expense: $3,460,000 · Firm income: Not reported

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

48D, the Advanced Manufacturing Investment Credit ALIGN Act Business Interest Deduction Corporate Book Profits Minimum Tax Corporate Income Tax Rate Employee Stock Ownership Plan Estate Tax Foreign Tax Credit Full Expensing H.R. 1990, American Innovation and R&D Competitiveness Act H.R. 2406, S. 1117, To Make Permanent 100% Full Expensing H.R. 2788, S. 1232, AIM Act H.R. 3665, Defending American Jobs and Investment Act Individual Tax Rate Inflation Reduction Act Interest Deductibility (163(j) EBITDA Limitation) International Tax (GILTI, FDII, BEAT) One Big Beautiful Bill Act Onshoring Tax Incentives Partnership Basis-Shifting Passthrough Deduction R&D Amortization R&D Tax Credit S. 866, American Innovation and Jobs Act Stepped-up Basis Stock Buybacks Excise Tax Tax Cuts and Jobs Act Expiring Provisions Tax Relief for American Families and Workers Act

Client expense: $1,920,000 · Firm income: Not reported

Government targets: Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Office of Science & Technology Policy (OSTP), SENATE, Treasury, Dept of

Discussed issues related to research and development (R&D) tax amortization (the deductibility of research and experimental expenditures) and the American Innovation Jobs Act (S. 866); the American Innovation and R&D Competitiveness Act of 2025 (H.R. 1990) and the Tax Relief for American Families and Workers Act of 2024 (H.R. 7024, S.A. 3200). Discussed issues related to the implementation of the Inflation Reduction Act (IRA) (P.L. 117-169); Discussed issues related to the Tax Cuts and Jobs Act (TCJA) extension, and other related tax policy issues relevant within the 2025 budget reconciliation package.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Provision regarding the corporate tax rate; making permanent full expensing; S. 187/H.R. 574, the ALIGN Act; S.866, American Innovation and Jobs Act; H.R. 1990, American Innovation and R&D Competitiveness Act of 2025; Implementation of the Inflation Reduction Act (P.L. 117-169); Issues related to electric vehicle tax credits; Issues related to 45W; GILTI; FDII; BEAT; International Tax Framework; H.R. 591, Defending American Jobs and Investment Act; S. 559/H.R. 1347, the American Investment in Manufacturing and Main Street Act; H.R. 7024, Tax Relief for American Families and Workers Act of 2024; S. 541/ H.R. 1367, Eliminating Lavish Incentives to Electric Act; H.Con.Res. 14, Establishing the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034; 45Z Clean Fuel Production Credit

Client expense: $310,000 · Firm income: Not reported

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

ALIGN Act Business Interest Deduction Corporate Book Profits Minimum Tax Corporate Income Tax Rate Employee Stock Ownership Plan Estate Tax Foreign Tax Credit Full Expensing H.R. 1990, American Innovation and R&D Competitiveness Act H.R. 2406, S. 1117, To Make Permanent 100% Full Expensing H.R. 2788, S. 1232, AIM Act H.R. 3665, Defending American Jobs and Investment Act Individual Tax Rate Inflation Reduction Act Interest Deductibility (163(j) EBITDA Limitation) Onshoring Tax Incentives Partnership Basis-Shifting Passthrough Deduction R&D Amortization R&D Tax Credit S. 866, American Innovation and Jobs Act Stepped-up Basis Stock Buybacks Excise Tax Tax Cuts and Jobs Act Expiring Provisions Tax Relief for American Families and Workers Act

Client expense: $1,680,000 · Firm income: Not reported

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

H.R.1177, S.492, Improve and Enhance the Work Opportunity Tax Credit Act; 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; Lookback Accounting; Estate Tax; Pass-through Business Taxation; Section 199A Qualified Business Income Deduction; Excess Business Loss Limitation Rules (Section 461(1)); Employee Retention Tax Credit; Implementation of the Infrastructure Investment and Jobs Act; Tax incentives for the purchase of electric vehicles (30D). and commercial electric vehicles; Prevailing wage and apprenticeship requirements associated with tax incentives; Mandatory funding for Internal Revenue Service; Expansion of Net Investment Income Tax; Implementation of the Inflation Reduction Act; H.R.23, the Family and Small Business Taxpayer Protection Act; Section 174, Amortization of research and experimental expenditures; FY 2025 budget tax proposals; Implementation of the CHIPS and Science Act and Advanced Manufacturing Investment Tax Credit; S. 1706, H.R.4721, Main Street Certainty Act; H.R.3938, Build It In America Act; H.R.3937, Small Business Jobs Act; H.R.3661, Small Business Growth Act; SECURE Act 2.0 implementation; S. 536, Fair SHARE Act of 2025; H.R.2673, the American Innovation and R&D Competitiveness Act of 2023; S. 866, the American Innovation and Jobs Act; H.R.1440, Modern, Clean, and Safe Trucks Act of 2023; H.R.1837, the Investing in Our Communities Act; H.R.7024, the Tax Relief for American Families and Workers Act; H.R.9461, USA Workforce Investment Act; H.R.10545, American Relief Act, 2025

Client expense: $120,000 · Firm income: Not reported

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

The treatment of research & experimental expenditures incurred during the taxable year in connection with trade or business expenses within the American Innovation & Jobs Act (S. 866), American Innovation and R&D Competitiveness Act of 2023 (H.R. 2673), Tax Relief for American Families and Workers Act of 2024 (HR 7024), and the concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034 (S Con Res 7 & H Con Res 14).

Client expense: $3,250,000 · Firm income: Not reported

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

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 the value of engineering simulation software and government appropriations. Issues relating to the implementation of the CHIPS and Science Act (H.R. 4346). Issues relating to the American Innovation and Jobs Act (S. 866).

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to the value of engineering simulation software and government appropriations. Issues relating to the implementation of the CHIPS and Science Act (H.R. 4346). Issues relating to the American Innovation and Jobs Act (S. 866).

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues relating to domestic and international tax rules. Issues relating to H.R. 2673, the American Innovation and R&D Competitiveness Act Issues relating to S.866, the American Innovation and Jobs Act

Client expense: $1,810,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues relating to domestic and international tax rules. Issues relating to H.R. 2673, the American Innovation and R&D Competitiveness Act Issues relating to S.866, the American Innovation and Jobs Act

Client expense: $2,030,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Repeal or delay the 2017 Tax Cuts and Jobs Act R&D expensing provision; S.866, the American Innovation & Jobs Act; H.R. 7024, Tax Relief for American Families and Workers Act

Client expense: $660,000 · Firm income: Not reported

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

Issues generally related to the implementation of investment tax credits for semiconductor manufacturing (no specific legislation introduced or pending in 2024 Q4); H.R. 2673 - American Innovation and R&D Competitiveness Act of 2023; S.866 - American Innovation and Jobs Act (provisions related to research and development amortization).

Client expense: $760,000 · Firm income: Not reported

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

Issues generally related to the implementation of investment tax credits for semiconductor manufacturing (no specific legislation introduced or pending in 2024 Q3); H.R. 2673 - American Innovation and R&D Competitiveness Act of 2023; S.866 - American Innovation and Jobs Act (provisions related to research and development amortization).

Client expense: $640,000 · Firm income: Not reported

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

Tax incentive issues as they relate to proposed global supply chain bills Discussions related to the repeal of the BEAT - provisions related to orphan drug tax credits S. 866/H.R. 2673, A bill to amend the Internal Revenue Code of 1986 to enhance tax benefits for research activities - issues related to R&D amortization H.R. 3665, To provide an enforcement of remedies against the extraterritorial taxes and discriminatory taxes of foreign countries. General issues around 2025 Reconciliation/Inbound Concerns

Client expense: $390,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES

R&D Tax Credit/American Innovation and Jobs Act (S. 866) American Innovation and R&D Competitiveness Act of 2023 (H.R. 2673) REDUCE Act (S. 2844 / H.R. 5564)

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S. 866, the American Innovation and Jobs Act. H.R. 2673, American Innovation and R&D Competitiveness Act of 2023. H.R. 3938, The Build It In America Act. United States-Taiwan Expedited Double-Tax Relief Act". (No bill number). Corporate tax, transfer pricing, treaty, foreign tax credit, mobile worker, international tax, and foreign tax issues. Administrations Fiscal Year 2023 and 2024 Revenue Proposals relating to corporate and international taxation.

Client expense: Not reported · Firm income: Not reported

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

Corporate tax reform; repatriation; Tax Cuts and Jobs Act implementation; digital tax issues; digital services taxes; expiring tax provisions; tax treaties/protocol; OECD process; R&D expense amortization repeal; Public country-by-country reporting; Semiconductor Manufacturing Incentives; Chips and Science Act (Public Law 117-167) implementation and rulemaking; Inflation Reduction Act of 2022 (Public Law 117-169) implementation and rulemaking; 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; Semiconductor Investment Tax Credit; S.866 - American Innovation and Jobs Act; TCJA expiring provisions; corporate tax rates; GILTI, FDII, and BEAT 2026 changes; H.R.9183 - Semiconductor Technology Advancement and Research (STAR) Act of 2024; S. 1457 - The Taiwan Tax Agreement Act; S. 3084 - The United States-Taiwan Expedited Double-Tax Relief Act; H.R. 5988 - The United States-Taiwan Expedited Double-Tax Relief Act.

Client expense: $720,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

- Revitalizing Downtowns and Main Streets Act (H.R. 9002) - Support legislation that establishes temporary 20% tax credit to offset the eligible costs of converting an underutilized commercial building to housing, with a total of $15 billion in tax credits, to be allocated by state housing finance agencies. Of the total amount of tax credits, $12 billion is allocated to states based on their population, with the remaining $3 billion targeted to economically distressed areas. - Tax Relief for American Families and Workers Act of 2024 (H.R. 7024) - Support bill to restore and extend three essential tax priorities through 2025: immediate R&D expensing for domestic research, full expensing for capital investments, and restoring pro-growth interest deductibility standard. - American Innovation and Jobs Act (S.866) and American Innovation and R&D Competitiveness Act of 2023 (H.R. 2373)- Support bills to allow businesses to fully deduct R&D expenses annually. - Accelerate Long-term Investment Growth Now (ALIGN) Act - H.R. 2558 / S. 1166 - Support bill which would make permanent full and immediate investments in machinery and equipment. - Urge re-instating the EBITDA standard for business interest deductions. Prior to January 1, 2022, businesses' interest expense deductions were limited by section 163(j) to 30% of their earnings before interest, tax, depreciation, and amortization (EBITDA). Interest deductions are now limited to 30% of earnings before interest and tax (EBIT). By excluding depreciation and amortization, the stricter EBIT standard makes it more expensive for capital-intensive companies

Client expense: Not reported · Firm income: $14,000

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

Support S. 1117 Accelerate Long-Term Investment Growth Now (ALIGN) Act. Making permanent full and immediate expensing for capital investments. Support S. 866 American Innovation and Jobs Act to restoring the tax treatment of R&D expenses to full and immediate expensing. Oppose imposition of country-by-country reporting in accounting standards.

Client expense: Not reported · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

R&D Tax Credit/American Innovation and Jobs Act (S. 866) American Innovation and R&D Competitiveness Act of 2023 (H.R. 2673) REDUCE Act (S. 2844 / H.R. 5564)

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to Section 174 R&D Amortization, including H.R. 2673 - American Innovation and R&D Competitiveness Act of 2023 and S. 866 - American Innovation and Jobs Act and H.R. 7024 - The Tax Relief for American Families and Workers Act of 2024 Issues related to the Orphan Drug Tax Credit, including H.R. 1350 - Camerons Law

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to Section 174 R&D Amortization, including H.R. 2673 - American Innovation and R&D Competitiveness Act of 2023 and S. 866 - American Innovation and Jobs Act and H.R. 7024 - The Tax Relief for American Families and Workers Act of 2024 Issues related to the Orphan Drug Tax Credit, including H.R. 1350 - Camerons Law

Client expense: $90,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to Section 174 R&D Amortization, including H.R. 2673 - American Innovation and R&D Competitiveness Act of 2023 and S. 866 - American Innovation and Jobs Act and H.R. 7024 - The Tax Relief for American Families and Workers Act of 2024 Issues related to the Orphan Drug Tax Credit

Client expense: $90,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to Section 174 R&D Amortization, including H.R. 2673 - American Innovation and R&D Competitiveness Act of 2023 and S. 866 - American Innovation and Jobs Act and H.R. 7024 - The Tax Relief for American Families and Workers Act of 2024 Issues related to the Orphan Drug Tax Credit

Client expense: $500,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Lobbying on the following specific bills: S. 341/H.R. 889 - Broadband Grant Tax Treatment Act, all provisions; S. 866/H.R. 2673 -- American Innovation and Jobs Act, all provisions; S. 1117/H.R. 2406 - A bill to amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment in qualified property is made, all provisions; H.R. 3938 - Build It in America, provisions related to tax extenders; and H.R. 7024 - Tax Relief for American Families and Workers Act, provisions related to expensing, research and development, and interest deductibility.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

General lobbying on the following issues: 100% expensing of bonus depreciation, research and experimentation costs, and dividend taxation; book minimum tax treatment of spectrum; corporate income tax rates and credits; corporate income tax rate; corporate alternative minimum tax guidance; and interest tax deduction limitation under 163(j) of the I.R.C. Lobbying on the following specific legislation: S. 341/H.R. 889 - Broadband Grant Tax Treatment Act (all provisions); S. 866 - American Innovation and Jobs Act (provisions related to R&D expensing); S. 1117/H.R. 2406 - Accelerate Long-Term Investment Growth Now Act (ALIGN Act); S. 1232/H.R. 2788 - American Investment in Manufacturing (AIM) Act (provisions related to corporate interest deductibility); H.R. 2673 - American Innovation and R&D Competitiveness Act of 2023 (provisions related to R&D expensing); H.R. 3938 - Build It In America Act (extension of full expensing, R&D expensing and corporate tax deductibility). H.R. 7024 -- Tax Relief for American Families and Workers Act (full expensing of R&E expenses; and EBITA, rather than EBIT, limits on interest deductions).

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

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

American Innovation and Jobs Act (S. 866); American Innovation and R&D Competitiveness Act H.R. 2673. Policy issues related to the implementation of the CHIPS and Science Act (P.L. 117-167) advanced manufacturing investment credit; tax policy issues related to incentivizing semiconductor manufacturing, research and development, and design activities. Taiwan Tax Agreement Act (H.R. 4729, S. 1457), U.S.-Taiwan Expedited Double Tax Relief Act. United States-Taiwan Expedited Double-Tax Relief Act (S. 3084 and H.R. 5988).Tax Relief for American Families and Workers Act of 2024 (H.R. 7024). Issues related to OECDs Pillar Two implementation. Semiconductor Technology Advancement and Research (STAR) Act (H.R. 9183).

Client expense: $300,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues relating to the Tax Relief for American Families and Workers Act (H.R. 7204); issues relating to the American Innovation and R&D Competitiveness Act (H.R. 2673 and S. 866); issues relating to deduction of interest under Section 163(j), (American Investment in Manufacturing Act, H.R 2788); issues related to bonus depreciation (H.R. 1117, H.R. 2406); issues relating to OECD Pillar Two Model Rules and OECDs Pillar One and Pillar Two proposals; issues relating to OECD taxation of the digital economy project and potential tariff implications; issues relating to implementation of tax and energy provisions in the Inflation Reduction Act (H.R. 5376); issues related to the Defending American Jobs and Investment Act (H.R. 3665); issues relating to the US-Taiwan Expedited Double-Tax Relief Act; issues related to the expiration of tax provisions in 2025 including the corporate tax rate and international tax provisions including GILTI and FDII.

Client expense: $8,150,000 · Firm income: Not reported

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

S. 866/H.R. 2673 - The American Innovation and Jobs Act of 2023 that allows companies to fully deduct R&D expenses each year. Implementation of The Inflation Reduction Act and infrastructure legislation.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Educated Members of Congress and administration officials on motor vehicle manufacturing industry, advancement of vehicle technology, creation of new vehicle components and systems that improve safety and the fuel efficiency of motor vehicles. Educated Members of Congress on the importance of consumers having access to vehicle data and the need for consumers to be able to choose who repairs their vehicle. Educated members of Congress and the administration on the workforce needs of the supplier industry. Educated members of Congress on the role suppliers play in R&D for vehicle technology development. Educated Members of Congress on the importance of competitiveness issues and legislation for the motor vehicle parts sector. Educated Members of Congress on the importance of motor vehicle parts manufacturer friendly tax policies. Educated Members of Congress on supply chain resiliency H.R. 762 - Building Resilient Supply Chains Act H.R. 763 - Supply CHAINS Act H.R. 906 - REPAIR Act -DMCA Triennial Review Process H.R. 2673 - American Innovation and R&D Competitiveness Act S. 866 - American Innovation and Jobs Act BIS Rulemaking on Connected Vehicles

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

Government targets: Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Energy, Dept of, Environmental Protection Agency (EPA), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), Natl Highway Traffic Safety Administration (NHTSA), Natl Transportation Safety Board (NTSB), SENATE, Transportation, Dept of (DOT), White House Office

H.R. 889: Broadband Grant Tax Treatment Act; all provisions H.R. 2406: Accelerate Long-term Investment Growth Now (ALIGN) Act; provisions related to full expensing H.R. 2673: American Innovation and R&D Competitiveness Act of 2023; provisions related to research and development expensing H.R. 2788: AIM Act; provisions related to corporate interest deductibility H.R. 3938: Build it in America Act; extension of tax provisions related to full expensing, research and development expensing, and corporate interest deductibility H.R. 7024: Tax Relief for American Families and Workers Act of 2024; provisions related to tax reform, full expensing, research and development expensing, and corporate interest deductibility S. 341: Broadband Grant Tax Treatment Act; all provisions S. 866: American Innovation and Jobs Act; provisions related to research and experimentation expensing S. 1117: ALIGN Act; provisions related to full expensing S. 1232: AIM Act; provisions related to corporate interest deductibility S. 1559: Book Minimum Tax Repeal Act; all provisions Discussions related to 100% expensing bonus depreciation, research and experimentation costs, dividend taxation Discussions related to corporate income tax credits and corporate income tax rate Discussions related to Book Minimum Tax treatment of spectrum Discussions related to corporate alternative minimum tax guidance Discussions related to interest tax deduction limitation under 163(j) of the I.R.C.

Client expense: $2,970,000 · Firm income: Not reported

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

S 866/HR 2673, "American Innovation and R&D Competitiveness Act of 2023", regarding provisions related to research & development expensing. Issues related to: - OECD proposals on global tax & implementation - R&D expensing - Corporate tax provisions in TCJA

Client expense: $1,520,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Treasury, Dept of

H.R. 3665, Defending American Jobs and Investment Act, OECD and Pillar II HR 3938, Build It in America Act, provisions related to R&D tax credits, full expensing, and EV incentives S.866, American Innovation and Jobs Act Implementation of H.R. 1, Tax Cuts and Jobs Act (P.L. 115-97) Issues related to corporate tax and international tax Implementation of H.R. 5376, Inflation Reduction Act (P.L. 117-169), electrification, clean energy provisions, and corporate and international tax provisions H.R.4695, Unfair Tax Prevention Act

Client expense: $520,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

-Issues related to energy efficiency tax credits in the Inflation Reduction Act of 2022 (H.R.5376) -Issues related to business deductions for research and development (R&D) tax amortization -Issues related to the Tax Relief for American Families and Workers Act of 2024 (H.R.7024) -Issues related to the American Innovation and R&D Competitiveness Act of 2023 (H.R.2673) and the American Innovation and Jobs Act (S.866) -Issues related to bonus depreciation and the Accelerate Long-term Investment Growth Now (ALIGN) Act (H.R.2406/S.1117) -Issues related to the Low-Income Housing Tax Credit and the Affordable Housing Credit Improvement Act (H.R.3238/S.1557) -Issues related to housing tax credits and the Neighborhood Homes Investment Act (H.R.3940/S.657)

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

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

Issues related to the deduction of research and development expenditures S.866/H.R.2673, American Innovation and R&D Competitiveness Act of 2023 Education on tax in preparation for 2025 tax legislation

Client expense: $640,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

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