Orrick's Founder Series offers monthly top tips for UK startups on key considerations at each stage of their lifecycle, from incorporating a company through to possible exit strategies. The Series is written by members of our...more
As a result of the COVID-19 virus and declining oil prices, local governments in Texas are facing sudden, unexpected, unprecedented, dramatic shortfalls or delays in a number of their core revenue streams, in some cases...more
4/16/2020
/ Anticipation ,
Bonds ,
Capital Improvements ,
Commercial Bankruptcy ,
Escrow Accounts ,
Leaseback ,
Line of Credit ,
Loans ,
Municipal Liquidity Facility (MLF) ,
Public Private Partnerships (P3s) ,
Revenue ,
Tax Planning
In a recently released private letter ruling (Private Letter Ruling 201847001, or the “Ruling”), the IRS approved the use of a “floating equity” allocation method for exempt facility bonds issued to finance renovations to an...more
12/13/2018
/ Airports ,
Bonds ,
Equity ,
IRS ,
Private Letter Rulings ,
Project Finance ,
Public Finance ,
Real Estate Development ,
Retail Market ,
Tax-Exempt Bonds ,
Wine & Alcohol
On November 2, 2017, the Republican leadership of the United States House of Representatives introduced the Tax Cuts and Jobs Act (the “Bill”). The Bill would make significant changes to tax rules that apply to tax-exempt...more
11/6/2017
/ 501(c)(3) ,
Alternative Minimum Tax ,
Bonds ,
Government Bonds ,
Municipal Bonds ,
Proposed Legislation ,
Public Projects ,
State and Local Government ,
Tax Credits ,
Tax Reform ,
Tax-Exempt Bonds ,
Trump Administration
For a number of years, the IRS Office of Tax-Exempt Bonds ("TEB") has expressed concerns about potential tax abuses that may exist in what it has characterized as "developer-driven deals" involving the use of tax-exempt...more
New tax rules relating to establishing the issue price of publicly offered tax-exempt bonds become effective soon. This outline describes the new issue price rules, provides a high-level strategic analysis to help guide a...more
Qualified Equity - Allocation & Accounting Rules
for Private Business Use -
New Treasury Regulations regarding measurement and allocation of private business use (PBU) benefit universities that finance a...more
11/8/2016
/ Accounting ,
Bonds ,
Educational Institutions ,
Equity ,
Health Care Providers ,
Healthcare Facilities ,
IRS ,
Safe Harbors ,
Service Contracts ,
Tax Exemptions ,
Tax Rates ,
Tax Refunds ,
Universities
In addition to building some of the nation's largest high school football stadiums, Texas public school districts are following a national trend – the sale of naming rights to football stadiums and other district facilities....more