Kimberly C. Betterton

Partner

bettertonk@ballardspahr.com
Tel 410.528.5551
Fax 410.528.5650
Baltimore

Kimberly C. Betterton focuses on federal tax laws and regulations involving tax-exempt bonds and exempt organizations. Kim works on numerous types of tax-favored transactions, including governmental, conduit 501(c)(3), exempt facility, single-family housing, small issue manufacturing, QZABs, QECBs, QSCBs, and new CREBs. She advises clients regarding the original issuance of obligations, the many post-issuance compliance responsibilities, and IRS audits.

Kim's broad-ranging experience includes routinely providing counsel on issues related to interest rate swaps and other derivatives, reissuance questions, and direct-subsidy and tax-credit bonds. She advises clients on a variety of post-issuance tax compliance issues, including arbitrage, private use questions, Form 990 - Schedule K, remediation as a result of change in use, reissuance, and IRS audit and review activities. She also assists clients with obtaining 501(c)(3) exemption letters from the IRS.

Professional Activities

American College of Bond Counsel, Fellow

National Association of Bond Lawyers, Tax Law Committee, Chair (2013-2014)

American Bar Association, Committee on Tax Exempt Financing, Subcommittee on Arbitrage, past Chair (2009-2010)

2010 Bond Attorneys' Workshop, Chair

Publications

"Federal Tax Reform: House Bill Rewrites Municipal Bond Rules," Ballard Spahr Alert, November 3, 2017

"New IRS Management Guidance is Flexible, Furthers P3s," Ballard Spahr Alert, August 25, 2016

Former Editor-in-Chief of Federal Taxation of Municipal Bonds (LexisNexis)

Speaking Engagements

Kim is a frequent speaker at the annual NABL Bond Attorneys' Workshop, including the following panels, among others: Hot Tax Topics, Tax Due Diligence & Documentation, Private Activity Bond Tests, Working Capital Financings, and Opinions.

"Refundings", CDFA's Advance Bond Finance WebCourse, September 13, 2017

"Update Regarding New IRS Issue Price Definition," Public Financial Management seminars, May 17 &19, 2017 

"Issuing Bonds - The Rules," CDFA Summer School Intro Bond Finance Course, Baltimore, August 10, 2016

"Tax-Exempt Bonds – Unplugged," AICPA Not-for-Profit Industry Conference, National Harbor, Maryland, June 28, 2016

"Tax Code Update," Pennsylvania Association of Bond Lawyers 2016 Annual Seminar and Meeting, Harrisburg, May 26, 2016

"Recent Developments in Tax and Securities Laws," Maryland GFOA, Fall Conference, Baltimore, October 23, 2015

"Tax Session," CDFA Intro Bond Finance WebCourse, April 24, 2014

"Form 990," Lorman Seminar, Timonium, Maryland, July 24, 2013 

"Post-Issuance Compliance Issues and Procedures," presentation to the Financial Managers for the City of Philadelphia, July 16, 2012; follow-up presentation in 2013

"The Fundamentals of Municipal Finance," Lorman Audio Conference, September 19, 2011 

Presenter on post-issuance compliance, Maryland's Government Finance Officers' Association Summer Conferences, 2007 and 2009

Board Memberships

National Association of Bond Lawyers, 2009-2010; 2011-2013


William & Mary Law School (J.D. 1995)

University of Pennsylvania (B.A. 1991)

Maryland