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.

In the past five years, Chuck has:

  • Served as bond/tax counsel on transactions in Illinois and Wisconsin totaling more than $2 billion
  • Served as underwriters’ counsel on transactions in Illinois, Wisconsin and New York totaling more than $1.3 billion
  • Served as issuer counsel on transactions in Illinois totaling more than $600 million
  • Served as tax counsel on various transactions throughout the country totaling more than $2.5 billion
  • Assisted with the drafting of proposed legislation enabling Illinois to re-allocate Recovery Zone Facility Bond cap under the American Recovery and Reinvestment Act of 2009
eAlerts Alerts
March 21, 2017
eAlerts Alerts
August 25, 2014
text icon Publications & Presentations
Commentary: Bond Programs Could Help Disaster Recovery
The Bond Buyer
November 9, 2012
text icon Publications & Presentations
Higher Education Alert: Increased Compliance Scrutiny of Tax-Exempt Bonds
August 2012
text icon Publications & Presentations
Tax Exempt Bonds May Benefit 7 States
Chicago Daily Law Bulletin
May 21, 2012
text icon Publications & Presentations
Lake County Partners Forum: Financing Options for Businesses
"Financing with Tax-Exempt Bonds"--College of Lake County
November 17, 2011
text icon Publications & Presentations
"Public Finance," 2011 Annual Legal Update for Wisconsin Public Officials
Madson, Wisconsin
October 18, 2011
text icon Publications & Presentations
Client Alert: Re-Allocation of Recovery Zone Bond Volume Cap in Illinois
July 2010
text icon Publications & Presentations
"Recovery Zone Facility Bond Primer," The Real Estate Finance Journal
April 2010
text icon Publications & Presentations
Recovery Zone Facility Bond Primer
The Real Estate Finance Journal
Spring 2010