Daily Tax Report Index-Summary

LAWYERS

LEGISLATION, FEDERAL

– Ed. Note: This heading covers bills with assigned numbers. For information on measures not yet assigned numbers, see specific subject headings. Asterisks (*) indicate bills that have become law.
– House

– – HR 422, Research credit extension, hundreds of companies, business groups support Meek (D-Fla), Brady (R-Tex) bill, 202:G–1 (10/22/09); R&D Credit Coalition letter, 202:TaxCore (10/22/09); bill text, 202:TaxCore (10/22/09)
– – HR 664, Economic Stimulus Enhancement and Tax Relief Permanency Act, Graves (R-Mo) urges permanent extension of Bush tax cuts, 188:G–4 (10/1/09); bill text, 188:TaxCore (10/1/09)
– – HR 1677, Empowerment Zone, Renewal Community and Enterprise Community Enhancement Act, witnesses support Davis (D-Ala) bill, multiyear funding, Ways-Means panel hearing, 193:G–6 (10/8/09); bill text, 193:TaxCore (10/8/09)
– – HR 1831, Conservation Easement Incentive Act, extending tax breaks finds widespread support, 191:G–2 (10/6/09); text of Thompson (D-Cal) bill, 191:TaxCore (10/6/09)
– – HR 2452, Net Operating Loss (NOL) Carryback Act, retail and restaurant groups support Neal (D-Mass) bill to extend 5-year NOL carryback to all companies, 188:G–4 (10/1/09); senior House Dems, Obama support extension, expansion of NOL carryback, 202:G–8 (10/22/09); Reid (D-Nev) amendment to UI extension bill (HR 3548) would include provisions, 203:G–4 (10/23/09); Speaker Pelosi (D-Cal) supports extension, Neal optimistic, 206:G–5 (10/28/09)
– – HR 2584, Ban on patents for tax strategies, trust and estate lawyers support Boucher (D-Va), Goodlatte (R-Va) bill, 207:G–3 (10/29/09); Am. College of Trust and Estate Counsel letter, 207:TaxCore (10/29/09)
– – HR 2647, Natl. Defense Authorization Act, Senate approves conference report, 203:N–1 (10/23/09)
– – HR 2672, Help Veterans Own Franchises Act, IFA supports Schock (R-Ill) bill at Small Business Comm. hearing, 188:G–4 (10/1/09); bill text, 188:TaxCore (10/1/09)
– – HR 2847, Commerce-Justice FY2010 Appropriations, Senate amendment to ensure sufficient funding for prosecutions of tax cases involving hidden offshore accounts, 195:TaxCore (10/13/09)
– – HR 2918*, Legislative branch appropriations, Senate approves conference report for FY2010 funding with continuing resolution, ACORN funding ban, 188:G–11 (10/1/09); Obama signs bill, 189:G–11 (10/2/09); enrolled bill for president's signature, 189:TaxCore (10/2/09)
– – HR 2989, 401(k) Fair Disclosure and Pension Security Act, Ways-Means Comm. extends review of Miller (D-Cal) bill, 200:G–8 (10/20/09)
– – HR 2996*, Dep't of Interior, Environment, and Related Agencies Appropriations Act, Congress sends Obama second CR to fund government through Dec. 18, 208:G–11 (10/30/09)
– – HR 3200, America's Affordable Health Choices Act, CRS weighs impact on small business, 191:G–4 (10/6/09); report, 191:TaxCore (10/6/09); Ways-Means votes bill meets reconciliation requirements, GOP members angered, 198:G–2 (10/16/09); further action, see LEGISLATION, FEDERAL, HR 3962
– – HR 3227, Charitable donations of food inventory, restaurant group supports Levin (D-Mich) bill to extend, expand tax deduction, Small Business Comm. hearing, 188:G–4 (10/1/09); bill text, 188:TaxCore (10/1/09)
– – HR 3500, Small and Medium Urban Regions Growth and Empowerment (SURGE) Act, Maffei (D-NY) bill, 193:TaxCore (10/8/09)
– – HR 3548, Emergency Unemployment Compensation Extension Act, Senate leaders' substitute amendment would extend FUTA surtax 2 years, 190:G–2 (10/5/09); Reid (D-Nev), Baucus (D-Mont) amendment, 190:TaxCore (10/5/09); GOP senators object to debate on new amendment with longer benefits extension, 194:G–8 (10/9/09); text of substitute amendment, 194:TaxCore (10/9/09); CBO preliminary estimates for new amendment, 194:TaxCore (10/9/09); CBO estimate for Senate substitute amendment, 196:TaxCore (10/14/09); GOP senators oppose substitute bill, seek alternate to FUTA surtax, 197:G–8 (10/15/09); Senate may hold cloture vote Oct. 27, Reid amendment would extend NOL and housing credits, 203:G–4 (10/23/09); amendments described, 205:G–2 (10/27/09); Isakson (R-Okla) amendment on home buyer's credit, 205:TaxCore (10/27/09); House-engrossed bill, 205:TaxCore (10/27/09); Senate votes to invoke cloture, inclusion of NOL carryback, home buyer credit extensions uncertain, 206:G–4 (10/28/09); CBPP advises against expanding housing credit, urges UI extension, 206:G–7 (10/28/09); senators reach agreement on expanding home buyer credit, 207:G–8 (10/29/09); IRS electronic filing director says bill includes tax preparer e-filing mandate, 208:G–8 (10/30/09); NOL provisions in bill, Senate vote delayed by TARP sunset amendment, 208:G–9 (10/30/09)
– – HR 3590, Service Members Home Ownership Tax Act, House expected to pass bipartisan bill, 192:G–2 (10/7/09); JCT technical explanation, 192:TaxCore (10/7/09); revenue estimates, 192:TaxCore (10/7/09); House delays vote, 193:G–4 (10/8/09); correction to 179:G-1, 190:G-1 reports, 193:G–10 (10/8/09); bill passes House unanimously, 194:G–1 (10/9/09); engrossed bill, 194:TaxCore (10/9/09); Reid (D-Nev) amendment would include bill in UI extension (HR 3548), 203:G–4 (10/23/09)
– – HR 3607*, FY2010 Federal Aviation Administration Extension Act, Obama signs bill extending tax collection authority for 3 months, 189:G–11 (10/2/09); enrolled bill, 189:TaxCore (10/2/09)
– – HR 3715, Community Restoration and Revitalization Act, Schwartz (D-Pa) bill would expand rehabilitation credit for historic and older buildings, 190:G–1 (10/5/09); bill summary, 190:TaxCore (10/5/09); text, 190:TaxCore (10/5/09)
– – HR 3775, Small Business SOX Compliance Relief Act, Garrett (R-NY) bill would exempt small firms from Sarbanes-Oxley audit attest provision, 195:G–2 (10/13/09)
– – HR 3834, Green Energy Investment Zone Act, Higgins (D-NY) bill would expand tax credits for economically distressed areas, 199:G–3 (10/19/09); bill text, 199:TaxCore (10/19/09)
– – HR 3901, Homebuyer Tax Credit Improvement Act, Lewis (D-Ga) introduces bill to reduce fraud, require documentation, 203:G–2 (10/23/09); bill text, 203:TaxCore (10/23/09)
– – HR 3905, Estate Tax Relief Act would raise tax exemption over 10 years, 204:G–2 (10/26/09); text of Berkley (D-Nev), Brady (R-Tex), Nunes (R-Cal) bill, 204:TaxCore (10/26/09)
– – HR 3933, Foreign Account Tax Compliance Act targets use of foreign banks to evade taxes, 206:GG–1 (10/28/09); text of Rangel (D-NY), Neal (D-Mass) bill, 206:TaxCore (10/28/09); statement, summary, description of bill, 206:TaxCore (10/28/09); JCT technical explanation, 206:TaxCore (10/28/09); Treasury Deputy Asst. Sec'y Shay says enactment likely, 207:G–5 (10/29/09)
– – HR 3936, Preserve Benefits and Jobs Act, Pomeroy (D-ND), Tiberi (R-Ohio) bill would protect workers in their 50s, repeal certain PPA provisions, 206:G–6 (10/28/09); bill text, 206:TaxCore (10/28/09); description, 206:TaxCore (10/28/09); section-by-section summary, 206:TaxCore (10/28/09)
– – HR 3962, Affordable Health Care for Am., Dem leadership bill expected to cause fights on House floor, 208:GG–1 (10/30/09); $20B tax on medical devices proposed to help fund reform, 208:GG–4 (10/30/09); JCT revenue estimates, 208:TaxCore (10/30/09); bill text, 208:TaxCore (10/30/09); detailed summary, 208:TaxCore (10/30/09); section-by-section analysis, 208:TaxCore (10/30/09); side-by-side comparison of HR 3200, HR 3962, 208:TaxCore (10/30/09)

– Senate

– – S 506, Stop Tax Haven Abuse Act, Levin (D-Mich) to offer bill as health care reform amendment, 192:G–7 (10/7/09); JCT preliminary revenue estimates, 192:TaxCore (10/7/09)
– – S 812, Rural Heritage Conservation Extension Act, Baucus (D-Mont), Grassley (R-Iowa) may include in extenders package, 191:G–2 (10/6/09); bill text, 191:TaxCore (10/6/09)
– – S 1222, Empowerment Zone, Renewal Community and Enterprise Community Enhancement Act, Lincoln (D-Ark) bill, 193:TaxCore (10/8/09)
– – S 1313, Good Samaritan Hunger Relief Tax Incentive Extension Act, restaurant group supports bill, House hearing, 188:G–4 (10/1/09); bill text, 188:TaxCore (10/1/09)
– – S 1728, Service Members Home Ownership Tax Act, McCaskill (D-Mo) offers bill to expand housing tax benefits for military personnel, 190:G–1 (10/5/09); text, 190:TaxCore (10/5/09); correction, 193:G–10 (10/8/09)
– – S 1733, Clean Energy, Jobs, and American Power Act, introduced by Kerry (D-Mass), Boxer (D-Cal), 188:G–9 (10/1/09); nuclear power industry seeks new and expanded tax incentives, 205:G–5 (10/27/09); Nuclear Energy Inst. legislative proposal, 205:TaxCore (10/27/09)
– – S 1743, Community Restoration and Revitalization Act, Lincoln (D-Ark), Schwartz (D-Pa) introduce companion bills to expand rehabilitation credit for older buildings, 190:G–1 (10/5/09)
– – S 1776, Medicare Physician Fairness Act, Majority Leader Reid (D-Nev) schedules cloture vote, 198:N–1 (10/16/09); sponsor Conrad (D-ND) ponders offsets for cost of raising physician payments, 201:G–8 (10/21/09)
– – S 1792, Energy Star standard, Rockefeller (D-WVa), Grassley (R-Iowa) propose for nonbusiness energy property credit, 200:G–2 (10/20/09); bill text, 200:TaxCore (10/20/09)
– – S 1796, America's Healthy Future Act, Baucus (D-Mont) to defend tax penalty to enforce insurance mandate, 200:G–4 (10/20/09); bill reported by Finance Comm., 200:TaxCore (10/20/09); Comm. report, 200:TaxCore (10/20/09); JCT says about 30 percent of currently available plans will be classified as “Cadillac plans” by 2019, 201:G–11 (10/21/09); JCT report, 201:TaxCore (10/21/09); practitioners review hospital exemption changes, 202:G–5 (10/22/09); Majority Leader Reid (D-Nev) evasive on whether Dems have 60 votes on Cadillac plan tax, public option, AFL-CIO leader comments, 205:G–7 (10/27/09)
– – S 1934, Foreign Account Tax Compliance Act targets use of foreign banks to evade taxes, 206:GG–1 (10/28/09); text of Baucus (D-Mont), Kerry (D-Mass) bill, 206:TaxCore (10/28/09); statement, summary, description of bill, 206:TaxCore (10/28/09); JCT technical explanation, 206:TaxCore (10/28/09); Baucus introductory remarks, 206:TaxCore (10/28/09); Treasury Deputy Asst. Sec'y Shay says enactment likely, 207:G–5 (10/29/09)

LIECHTENSTEIN

– Belgium and Antigua, Liechtenstein signs tax information exchange pacts, 205:I–1 (10/27/09)
– Ireland, Liechtenstein sign tax information exchange pact, 196:I–2 (10/14/09)
– OECD gray list, prime minister says Liechtenstein to be removed soon, 201:I–6 (10/21/09); Prince von Liechtenstein defends financial privacy, CFP and Cato Inst. conference, 201:I–8 (10/21/09); new TIEAs bring Liechtenstein closer to removal from gray list, 205:I–1 (10/27/09)
– St. Vincent, Liechtenstein sign tax information exchange agreement, 190:I–3 (10/5/09)

LIFE INSURANCE

See INSURANCE

LIFO INVENTORIES

See INVENTORIES

LIKE-KIND EXCHANGES

– Related parties, Tax Ct.'s decision in Teruya demonstrates long reach of §1031(f), Viewpoint, 201:J–1 (10/21/09)

LIQUOR

See ALCOHOLIC BEVERAGE INDUSTRY

LOBBYING

– Public charity support of groups that lobby, IRS issues ruling, 190:G–4 (10/5/09); Alliance for Justice analysis, 190:TaxCore (10/5/09); unnumbered PLR on public foundations, charities under §501(h), 190:TaxCore (10/5/09); AFJ official says public charities freer to make grants related to lobbying under PLR, 201:G–9 (10/21/09)

LOCAL TAXES

See also specific states
– Fiscal outlook for cities increasingly grim as revenues fall, Natl. League of Cities reports, BNA Analysis & Perspective, 192:J–1 (10/7/09)

LOUISIANA

– Alternative fuel vehicles, revenue dep't bulletin discusses new tax credit, 205:H–1 (10/27/09)
– Mardi Gras parades, guidance explains tax exclusion on items purchased for, 196:H–1 (10/14/09)
– Sales tax exemptions, bulletin addresses legislation changes, 202:H–1 (10/22/09)
– Wireless access to 911 system, service charge set on sales of prepaid service, 202:H–2 (10/22/09)

LUXEMBOURG

– Cross-border savings, European Comm'n says Luxembourg, Austria backtrack on withholding commitment, 201:I–2 (10/21/09)