lobbying_activities: 1803088
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
This data as json
| id | filing_uuid | filing_type | registrant_name | registrant_id | client_name | filing_year | filing_period | issue_code | specific_issues | government_entities | income_amount | expense_amount | is_no_activity | is_termination | received_date |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1803088 | f77e2c62-7653-4b8b-9c69-70a058c2c3e1 | Q1 | NORTH AMERICAN EQUIPMENT DEALERS ASSOCIATION (FORMERLY KNOWN AS EQUIPMENT DEALER | 56997 | NORTH AMERICAN EQUIPMENT DEALERS ASSOCIATION (FORMERLY KNOWN AS EQUIPMENT DEALER | 2016 | first_quarter | TAX | We also belong to an industry coalition that opposes changes in the LIFO method of inventory accounting for tax purposes. The IRS Code Section 263A was enacted as a part of the Tax Reform Act of 1986 requiring taxpayers to capitalize direct and indirect costs properly allocable to certain real property and tangible personal property produced by the taxpayer and the real property and certain personal property that is acquired by the taxpayer for resale. Section 263A applies when a business has more than $10 million in sales for the year. The section is receiving renewed attention from the IRS as more and more businesses are exceeding the $10 million sales threshold. The IRS has not changed the required sales level since the original enactment in 1986. We supported a review by Congress of the existing threshold and recommend a new threshold of at least $100 million dollars as a way to exempt smaller business from this unnecessary burden and tax calculation. We continue to support legislation like the Marketplace Fairness Act that streamlines the collection of state's sales taxes and collections and levels the playing field for our dealers with Internet sales companies. We have also asked our members to write letters supporting Like-Kind-Exchanges in the tax code. The preservation of LIFO and LKE are major priorities for our dealers and we want them to be maintained in any tax code revisions. We support legislation that repeals the federal estate tax. We support tax reform for small businesses and individuals with flow-though taxation. | Bureau of Citizenship & Immigration Services (BCIS),Environmental Protection Agency (EPA),HOUSE OF REPRESENTATIVES,Labor, Dept of (DOL),Natl Labor Relations Board (NLRB),SENATE,State, Dept of (DOS),White House Office | 44422 | 0 | 0 | 2016-04-05T15:29:35.500000-04:00 |