Chuck Katz has more than 27 years of experience in the public finance field. He has served as bond, underwriter, tax, issuer or borrower counsel in connection with tax-exempt financing transactions in more than 25 states, including Illinois, Wisconsin, New York, Pennsylvania, New Jersey, Maine, New Hampshire, North Carolina, Florida, Georgia, Louisiana, Arizona, California, Washington, Delaware, Connecticut and West Virginia, as well as Puerto Rico and the U.S. Virgin Islands. A significant part of his practice focuses on the tax component of public finance transactions and counseling clients with respect to the various tax law requirements applicable to issuers and borrowers of tax-exempt proceeds.
Within the public finance arena, Chuck has significant experience with all types of bonds, including governmental, public power, single and multi-family housing, airport and other transportation, solid waste and sewer, small issue manufacturing and bonds issued for hospitals, colleges and other non-profit organizations.
Chuck counsels governmental and non-profit organizations in satisfying the various tax law requirements applicable to bond financed property, including use of proceeds, private use, arbitrage and rebate compliance. He has represented clients in connection with audits of bond issues by the Internal Revenue Service and the submission of ruling requests, and he has negotiated and drafted on behalf of clients, Voluntary Closing Agreements under the Service’s VCAP Program.
With particular emphasis in the area of non-profit organizations (primarily hospitals and other health care organizations, as well as colleges and universities), Chuck regularly counsels clients on compliance with and satisfaction of the various tax law limitations applicable to property financed with proceeds of qualified 501(c)(3) bonds and assists clients with the ongoing process of evaluating all management contracts and research agreements to ensure satisfaction of the private use limitations. In addition, he assists with the preparation and filing of all necessary tax forms, including Form 990s.
Chuck has drafted post-issuance compliance procedures on behalf of numerous municipal and nonprofit clients and regularly works with the clients to minimize the likelihood that a bond issue will violate federal tax laws and to remediate any violations that may occur.
Chuck is a frequent panelist at the annual Bond Attorney’s Workshop sponsored by the National Association of Bond Lawyers, of which he is a member. He also occasionally provides public finance tax services to other bond firms that lack the tax capability.