Skip to content

menu

Greenberg Traurig, LLP logo
HomeAboutServicesContacts
Search
Close

Legacy Advisors

Powered by GT Tax - A Greenberg Traurig Knowledge Product

Home » Tax-Exempt Bond Tools for Governments Facing Cash Flow and Revenue Challenges – Part II

Tax-Exempt Bond Tools for Governments Facing Cash Flow and Revenue Challenges – Part II

shutterstock_1707323041
By Rebecca L. Harrigal, Vanessa Albert Lowry & Andrew P. Rubin on June 4, 2020
Posted in coronavirus, COVID, COVID-19, Government, State Tax, tax-exempt bonds, Taxpayers

The Coronavirus Disease 2019 (COVID-19) continues to have a significant financial impact on state and local governments (Issuers). Issuers have not only had to defer the deadlines for taxes owed to them by their taxpayers, but they also still face lower tax and other revenues and increased expenses, possibly for years to come. In an April 2020 GT Alert (Prior Alert), we discussed how Issuers could use tax and revenue anticipation notes (TRANs) to address mismatches in revenues and expenses generally within a single fiscal year, such as mismatches arising from granting their taxpayers a several-month deferral of taxes. Issuers facing reduced tax and other revenue and increased expenses due to COVID-19 could require a much longer-term working capital borrowing. This GT Alert supplements our Prior Alert, discussing special considerations for long-term working capital tax-exempt bonds.

Read the full GT Alert, “Tax-Exempt Bond Tools for Governments Facing Cash Flow and Revenue Challenges – Part II.”

Tags: coronavirus, COVID-19, government, greenberg traurig, GT Insight, gt law, internal revenue, Tax, tax exemption, tax-exempt bonds, taxpayers, TRANs
Print:
Email this postTweet this postLike this postShare this post on LinkedIn
Photo of Vanessa Albert Lowry Vanessa Albert Lowry

Vanessa Albert Lowry focuses her practice on tax, public finance, and asset securitization matters, as well as investment and repurchase agreements.

Read more about Vanessa Albert Lowry
Photo of Andrew P. Rubin Andrew P. Rubin

Andrew P. Rubin is a community development and infrastructure finance tax attorney. His practice is focused on helping nonprofits and state, local, and tribal governments finance development and redevelopment projects that support local communities. Andrew Rubin is also a leader in Greenberg Traurig’s…

Andrew P. Rubin is a community development and infrastructure finance tax attorney. His practice is focused on helping nonprofits and state, local, and tribal governments finance development and redevelopment projects that support local communities. Andrew Rubin is also a leader in Greenberg Traurig’s nonprofit practice, serving as a trusted advisor to nonprofits. Andrew helps nonprofits serve the public by guiding them through corporate governance, tax financing, and transactional matters.

Andrew’s toolbox includes the full spectrum of tax-advantages financing tools, including tax-exempt bonds, new markets tax credits (NMTC), low-income housing tax credits (LIHTC), renewable energy tax credits (ITC/PTC), historic tax credits (HTC), 45Q tax credits (CO2 sequestration), state and local tax incentives and tax increment financing, and government loan guarantees (BIA, HUD, USDA) that can be used to fund infrastructure, transportation, multifamily housing, community services, health clinics and hospitals, schools, libraries, and renewable energy projects.

Andrew also has a robust state and local tax practice, regularly navigating the complex map of state and local taxes across the Mountain West (focusing on Arizona, Colorado, Montana, North Dakota, Utah, and Wyoming), including sales and use taxes, transaction privilege taxes, severance taxes, and Arizona’s speculative builders tax.

Read more about Andrew P. Rubin
Show more Show less
Related Posts
virtual event
Glenn Newman to Present on 'State Income Tax Issues and Implications of Remote Working'
January 24, 2022
Capital Building 1200x450
Employee Retention Credit Terminated Early Retroactive to Oct. 1 by Infrastructure Act – No Penalty Relief or Time to Pay Back Advance Credit
November 12, 2021
Florida State Capitol
Florida State Capitol, in Tallahassee, Florida
Florida Requires Sales Tax Collection on All In-Person and Online Sales, Effective July 1
April 20, 2021

Stay Connected

RSS Twitter Facebook LinkedIn
Subscribe

About

Greenberg Traurig’s Tax and Business Group provides practical tax advice to high-net-worth individuals, private businesses and financial institutions. Our Tax and Business Group includes a number of top ranked Chambers & Partners shareholders. Our attorneys serve as business counselors and legacy management stewards, guiding clients through the many complex legal and business issues that can impact their assets.

Read More....

TOPICS

Blog Authors Show/Hide

  • Stephanie D. Ahmad
  • Lee Ann Anderson
  • Claire Arritola
  • David C. Ashburn
  • Norman J. Benford
  • Mark D. Bloom
  • Zachary W. Branson
  • Lawrence H. Brenman
  • Tarik A. Brooks
  • Keyon Brown
  • Jeffrey A. Chester
  • Chang Won Choi
  • Linda L. D'Onofrio
  • David Dalton
  • C. Stephen Davis
  • Hayden R. Dempsey
  • Jared E. Dwyer
  • John Eliason
  • Michelle Ferreira
  • Scott E. Fink
  • Greenberg Traurig
  • Harry J. Friedman
  • Brian Gaudet
  • William H. Gorrod
  • Scott M. Grossman
  • Simon Harms
  • Rebecca L. Harrigal
  • Fred F. Harris
  • Kemal Hawa
  • Lawrence H. Heller
  • Laura Hendee
  • Ian A. Herbert ‡
  • Shifra Herzberg
  • Linda B. Hirschson
  • Courtney A. Hopley
  • Carmen Irizarry-Diaz
  • Victoria Jobe*
  • Maciej Kacymirow
  • Edward H. Kammerer ‡
  • Barbara T. Kaplan
  • Jairo Keeldar ˘
  • Greenberg Traurig, LLP
  • Marvin A. Kirsner
  • Carsten A. Kociok
  • Marek Kozaczuk ~
  • Greenberg Traurig, LLP
  • James O. Lang
  • Ivy J. Lapides
  • Steven B. Lapidus
  • Lucy S. Lee
  • Martin L. Lepelstat
  • Noam Lipshitz
  • Kristen J. Lonergan
  • Vanessa Albert Lowry
  • Jeffrey D. Mamorsky
  • Robert Mangas
  • Robert Y. Maples˘
  • Bradley R. Marsh
  • James A. Martin
  • James M. Maynor, Jr.
  • Paul B. McCawley
  • Terry L. Moore˘
  • DeAndré Morrow
  • Emily G. Naughton
  • Glenn Newman
  • Cris K. O'Neall
  • Joshua L. Oppenheimer
  • Mirae Park
  • David C. Peck
  • Shira Peleg
  • Sanford C. Presant
  • John F. Prusiecki
  • Josh Prywes
  • Stephen L. Rabinowitz
  • Pallav Raghuvanshi
  • Katie P. Reed˘
  • Greenberg Traurig, LLP
  • Carl J. Riley
  • Braxton Roam
  • Andrew P. Rubin
  • LaQuenta C. Rudison
  • Andrew W. Scher
  • Howard S. Schochet
  • Paul Schouten
  • Shail Shah
  • William R. Siegel
  • Robert D. Simon
  • Richard A. Sirus
  • Ruben Sislyan
  • Michelle L. Soto
  • Gillian Sproul
  • Jonathan Sulds
  • Niya Tang
  • Greenberg Traurig
  • Erez I. Tucner
  • Jennifer A. Vincent
  • Mary F. Voce
  • Suzanne Walstra
  • Margaret J. Weil
  • Philip R. Weingold
  • Jennifer H. Weiss
  • Karen D. Yardley
  • Kevin Zaragoza
  • Diana Zeydel
  • Kenneth Zuckerbrot
  • Reinier van de Steenoven˘
  • Thomas van der Vliet
  • Georg von Wallis
GT Law Blogs

ARCHIVES

Recent Posts

  • IRS and Treasury Department Finalize Qualified Foreign Pension Funds Regulations
  • IRS Temporary Relief for Foreign Financial Institutions Required to Report U.S. Taxpayer Identification Numbers Under FATCA: Potential Implications for ‘Accidental Americans’
  • Responding to Recent Taxpayer Victories, IRS Issues Proposed Regulations Identifying Syndicated Conservation Easement Transactions as Listed Transactions
  • Treasury Announces Initial Guidance on the Inflation Reduction Act’s Labor Requirements for Renewable Energy Tax Credits and Incentives
  • U.S. Tax Court Invalidates Conservation Easement Notice, Abates Reportable Transaction Penalty for Failure to Comply with Administrative Procedure Act

Legacy Advisors

Greenberg Traurig, LLP logo
RSS Twitter Facebook LinkedIn
Privacy PolicyDisclaimer

About Greenberg Traurig

Greenberg Traurig, LLP has more than 2650 attorneys in 44 locations in the United States, Europe, Latin America, Asia, and the Middle East. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 250. Greenberg Traurig is Mansfield Rule 5.0 Certified Plus by The Diversity Lab and is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy as a member of the U.S. EPA’s Green Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.

Copyright © 2023, Greenberg Traurig, LLP. All Rights Reserved.
Law blog design & platform by LexBlog LexBlog Logo