From charities and charter schools, to community development agencies and country clubs, Kleinbard has extensive experience representing tax-exempt organizations in a variety of transactions. Our attorneys understand the complex tax, corporate and compliance issues that nonprofit and tax-exempt organizations face and we draw from our business, government relations, and tax experience to help provide practical, cost-effective business guidance.
In addition to serving as counsel to issuers, underwriters, and trustees in a variety of tax-exempt issuances for project finance and general obligation bonds, our tax lawyers have extensive experience with tax credit financings and structuring financings involving pension funds and other tax exempt investors. We regularly counsel borrowers and investors in connection with all types of tax-advantaged financings, including leveraged ESOPs, New Market Tax Credits, rehabilitation and historic rehabilitation tax credits, and low income housing tax credits. In each transaction, we utilize our extensive knowledge of the federal Internal Revenue Code and applicable state laws to maximize our clients’ access to tax-exempt finance transactions.
The Firm’s Government Relations practice also serves as a valuable asset to our nonprofit and charitable clients. The Government Relations attorneys’ understanding of significant regulations, coupled with their relationships with officials at the various public finance authorities in Pennsylvania has proven especially useful during complex transactions.
- Obtaining and maintaining federal and state tax exemptions;
- Obtaining state and local property and sales tax exemptions;
- Prohibited transaction rules and exemptions;
- Private foundation rules;
- Unrelated business income tax and debt-financed income; and
- Special employee benefit plans.