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Specialties
Being right is essential, but it’s
not enough.
The substance of your policy proposal may
be flawless, but success in the legislative or regulatory arenas
requires a sophisticated advocacy that combines technical expertise,
sharp political acumen, and a deep understanding of legislative process
and regulatory procedures. These are what determine whether a policy
proposal becomes law. Raffaniello & Associates may also from time to time provide clients policy research analysis, based on non-confidential information, to assist those clients to better understand U.S. government policy developments that may impact markets.
Raffaniello & Associates, LLC offers
all of the elements essential for successful advocacy.
For over 25 years, Pat Raffaniello and Tim Hanford have
demonstrated the ability work with Senators, Representatives, and
Administrations in bi-partisan efforts that achieve results for our
clients. Here is just a sampling of our successful projects.
- Enactment of legislation shortening the
depreciation of convenience stores from 39 years to 15 years.
- Enactment of legislation reversing the
IRS position that computer software did not qualify for export tax
incentives under the foreign sales corporation rules.
- Promulgation of regulations permitting
Prescription Drug Providers (PDPs) to market related Medicare Advantage
programs to PDP members.
- Enactment and subsequent extension of legislation providing a tax
credit for mine-safety training and accelerated depreciation of
mine-safety equipment.
- Enactment of legislation providing a
production tax credit for electricity produced from advanced nuclear
reactors and the issuance of Treasury guidance maximizing the
allocation the nuclear production tax credits to eligible taxpayers.
- Enactment of duty suspensions for the
importation of certain manufacturing equipment.
- Enactment of legislation providing
Congressional consent to an interstate low-level radioactive waste
disposal compact.
- Enactment of a tax credit for
wholesalers of distilled spirits to offset the carrying cost of
pre-paid federal excise taxes.
- Promulgation of IRS guidance allowing
certain heavy maintenance on aircraft (commonly referred to as C and D
checks) to be expensed rather than capitalized.
- Enactment of legislation simplifying the
excise taxes on tires and archery equipment.
- Enactment of legislation allowing tax
credits for the production of fuels from non-conventional sources
(Internal Revenue Code sections 29 to 45K) to be carried forward for 20
years.
- Enactment of legislation modernizing the tax treatment of mutual funds
- Enactment of legislation simplifying the tax treatment of cellular phones
- Enactment of legislation restructuring debt of the Black Lung Disability Trust Fund
- Modification of IRS tax preparer rules to reduce compliance burden
- Modifications to Dodd-Frank financial services legislation to clarify standards of care
- Legislative clarification of interaction of mine safety expenses and alternative minimum tax
- Enactment of legislation extending fuels tax credit
- Promulgation of guidance clarifying compensation deductions for health insurance companies
- Successful resistance of numerous adverse revenue-raising proposals affecting business taxpayers and their clients
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