Timothy J. Horstmann

Timothy J. Horstmann

McNees Wallace & Nurick LLC

Contact  |  View Bio  |  RSS

Latest Publications

Share:

The Stimulus Shall Continue: IRS Gives OK to Current Refundings of Recovery Zone Facility Bonds

The Internal Revenue Service has announced in Notice 2014-9 that current refunding issues of Recovery Zone Facility Bonds qualify as tax-exempt provided that the current refunding issue meets certain requirements. Generally,...more

1/28/2014 - American Recovery and Reinvestment Act Bonds IRS Refunds Tax Refunds

Starting a Craft Brewery: Business Tips for the New Entrepreneur

The Craft Brewing Industry is booming in America. According to the Brewers Association, since 2000, the number of craft breweries operating in the U.S. has increased by more than two-thirds. Over 2,500 craft breweries...more

10/30/2013 - Breweries Business Formation Entrepreneurs Small Business Formation

Pennsylvania Senate Local Government Committee Advances Amended Municipal Financial Reform Legislation

On October 22, 2013 the Pennsylvania Senate Local Government Committee voted unanimously to move an amended version of Senate Bill 901, the vehicle for municipal financial reform, out of committee for consideration by the...more

10/30/2013 - DCED Financial Regulatory Reform Municipalities

Pennsylvania Senate Local Government Committee Advances Bill No Longer Banning, But Limiting Municipal Interest Rate Swaps

On October 22, 2013 the Pennsylvania Senate Local Government Committee moved an amended version of Senate Bill 903 out of committee for consideration by the full Senate. Senate Bill 903 originally would have prohibited...more

10/25/2013 - DCED Interest Rates Municipalities Swaps

Bipartisan Group of Senators Advance Additional Municipal Debt Reform Legislation

A bipartisan group of Pennsylvania Senators led by Senators John Eichelberger (R) and Rob Teplitz (D), the majority and minority chairs of the Senate’s Local Government Committee, and including Senators Mike Folmer (R) and...more

7/2/2013 - DCED Debt Disclosure Requirements Financial Statements LGUDA Municipalities Proposed Legislation Public Disclosure Transparency

The SEC Action Against the City of Harrisburg: Lessons for Other Municipalities

The Securities and Exchange Commission ("SEC") recently announced that it has charged the City of Harrisburg with violations of various anti-fraud provisions of federal securities laws in connection with the resource recovery...more

5/15/2013 - Civil Monetary Penalty Disclosure Requirements Financial Statements Misleading Statements Municipalities SEC

Five Things To Know When Contemplating the Issuance of Municipal Debt

Municipal financings are often perceived as a very complex, and even overwhelming, undertaking. The various rules and regulations which govern the process oftentimes seem complicated and difficult to understand. Keep in mind...more

3/22/2013 - Bonds Debt Financial Adviser Financing IRS LGUDA Municipalities Tax-Exempt Bonds Underwriting

Municipal Debt Reform Legislation Introduced in State Senate

Originally published in The Legal Intelligencer on February 26, 2013. A package of reform-minded bills has been introduced in the Pennsylvania Senate by Senator Mike Folmer (R-Lebanon) and others that, if enacted,...more

3/4/2013 - Bonds Debt Local Government Unit Debt Act Municipalities Swaps

Commonwealth Court Confirms Use of Appeal Filing Date as Valuation Date for Real Estate Assessment Appeals

The Commonwealth Court has held that the proper date of valuation in an Allegheny County assessment appeal is the appeal filing date, not the first day of the tax year under appeal. The school district had appealed the...more

2/18/2013 - Macy's Property Tax Property Valuation Tax Assessment

PA Tax Law News - February 2013

In This Issue: PA Governor Proposes Corporate Tax Cuts; Add-Back Legislation Reintroduced; PA Supreme Court Issues Business/Nonbusiness Income Decision; Philadelphia Property Reassessments; Commonwealth Court Addresses...more

2/15/2013 - Add-Back Legislation Administrative Bank Attachments Appeals Business Income Corporate Taxes Drilling Rig Tax Exclusions Flat Tax Fuel Tax IFTA Non-Business Income Property Tax Reassessments Tax Assessment Valuation

Senate Proposal Would Dramatically Change Process for DCED Approval of Municipal Debt

A bill has been introduced in the Pennsylvania Senate by Senator Mike Folmer (R-Lebanon) and others which would, among other things, dramatically change the process by which municipal financings are reviewed by the Department...more

2/14/2013 - DCED Debt Financial Statements Interest Rates LGUDA Municipal Bonds Self-Liquidating Debt Swaps

PA Tax Law News -- December 2012

In This Issue: PA Supreme Court Affirms Sales Tax Exemption for “CHEP” Pallets; Promoting Employment Across Pennsylvania Act; Fuel Tax Update; Delaware & New Jersey Abandoned & Unclaimed Property Developments; Filed a...more

11/26/2012

12 Results
|
View per page
Page: of 1