Securities & Tax Law
Blog
Welcome Catherine Fanello!
KAV is pleased to announce the arrival of Catherine Fanello as a Partner in the firm’s Public Finance practice group. For the past ten years, Catherine has served as bond, issuer, trustee, purchaser, placement agent and underwriter’s counsel on a variety of taxable...
Inflation Reduction Act Signed
House Resolution 5376—known as the Inflation Reduction Act of 2022 (the “IRA”)—was signed into law by the President Biden on August 16, 2022. Among other legislative changes, the IRA imposes a 15% alternative minimum tax on any “applicable corporation” based upon an...
Welcome Maria Spiridonova!
KAV is pleased to announce that Maria Spiridonova has joined the firm as an Associate in the Pubic Finance practice group. Maria earned her J.D. with a certificate in Corporate & Commercial Law from the University of Denver, Sturm College of Law, and her B.A. in...
KAV Law Clerk Kalen Hilliker Awarded NABL Scholarship
KAV Law Clerk Kalen Hilliker Awarded NABL’s Frederick L. Ballard Memorial Scholarship KAV Law Clerk Kalen Hilliker has been awarded one of five 2022 Frederick L. Ballard Memorial Scholarships from the National Association of Bond Lawyers (NABL). NABL has awarded the...
Infrastructure Investment and Jobs Act Signed
On November 15, 2021, President Biden signed the Infrastructure Investment and Jobs Act (H.R. 3684) making it law. H.R. 3684 modifies Section 142 of the Internal Revenue Code to allow “qualified broadband projects” and “qualified carbon dioxide capture...
Updated Treatise on the Taxation of Public Utilities
KAV Tax Partner Victoria S. Byerly, a specialist in Section 103 of the Internal Revenue Code, is the author of Taxation of Public Utilities which has been recently updated to reflect current regulatory standards. First published in 2020, Victoria’s landmark...
Committee Draft Bill May Affect the Municipal Bond Market
House Ways and Means Committee Draft Bill May Affect the Municipal Bond Market On September 10, 2021 the House Ways and Means Committee released details for their portion of the reconciliation package. While the Committee will continue to work, the following is what...
Current Proposals May Affect Availability of Various Tax Credits
Credit for Government Owned Broadband The proposal includes a 30% credit for state, local, and tribal governments for the operation and maintenance of government owned broadband systems. Requirements for the credit include a download speed of at least 25 Mbps and an...
IRS Extended Guidance Issued On Telephonic Hearings
In Revenue Procedure 2021-39, the IRS extended guidance issued in Revenue Procedure 2020-21 regarding TEFRA hearings. Under Section 147(f), public approval is required for tax exempt private activity bonds. Refundings are an exception. Under Section 147(f)(2)(B),...
Infrastructure Bill May Affect Aspects of Cryptocurrency
Infrastructure Bill May Affect Reporting and Tax Requirements for Cryptocurrency Since August 10, 2021, the Senate passed the infrastructure bill with amended language (H.R. 3684). There was a dispute regarding reporting and tax requirements on cryptocurrency...
Welcome Courtney Blackburn!
Kline Alvarado Veio, P.C. is pleased to welcome experienced transactional attorney Courtney Blackburn as an Associate in the firm’s Public Finance, Real Estate, and Commercial Transactions practice groups. Courtney has a broad transactional practice with substantial...
The I.R.S. Provides Temporary Guidance on Public Hearing Requirements
On November 4, 2020, the Internal Revenue Service issued Revenue Procedure 2020-49, which provides temporary guidance regarding the public approval requirement under §147(f) of the Internal Revenue Code for tax-exempt qualified private activity bonds, which, among...
Colorado Voters Pass Repeal of Gallagher Amendment
By: Harsha Sekar and K.C. Veio In yesterday’s general election, Colorado voters passed Amendment B, which repeals a key section of Article X of the State’s Constitution, commonly known as the “Gallagher Amendment.” Adopted by Colorado voters in 1982, the Gallagher...
KAV Welcomes Three New Attorneys
KAV is pleased to announce the arrival of Randy Schump as Of Counsel, Lindsay Conroy as an Associate, and Marc Tawil as an Associate. Randy Shump: With nearly three decades of tax experience, including eleven years with the Internal Revenue Service—first as Field...
IRS Issues Guidance on Transition from LIBOR to IBORs
The IRS recently issued guidance relating to the transition from LIBOR and IBOR to alternative reference rates like SOFR. The intent is to address the issue of whether modifying existing municipal bond documents results in a reissuance for federal tax purposes, and...
KAV’s Victoria Byerly Publishes Landmark Treatise on the Taxation of Public Utilities
KAV Tax Partner Victoria S. Byerly, a specialist in Section 103 of the Internal Revenue Code, is the author of Taxation of Public Utilities, which was published by LexisNexis last week. Victoria's landmark publication is the first comprehensive treatise ever published...
Welcome Diane Wolfson!
Kline Alvarado Veio, P.C. is pleased to announce the arrival of Diane Wolfson as Of Counsel in the firm’s Real Estate practice group. Diane Wolfson started her career at a multi-national Wall Street law firm and has been a real estate and business lawyer for nearly...
Quarterly Regulatory Update
Quarterly Regulatory UpdateWelcome to the inaugural edition of the Quarterly Regulatory Update from the author’s new home at Kline Alvarado Veio. This advisory serves as an extension of those disseminated from Sherman & Howard, which summarized the most...
Welcome Harsha Sekar!
Kline Alvarado Veio, P.C. is pleased to announce the arrival of Harsha Sekar as a Partner in the firm’s Public Finance practice group. Harsha comes to the firm from Sherman & Howard L.L.C., where his practice primarily focused on disclosure matters in connection...