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Hinckley Allen Public Finance Group Chair Antonio D. Martini examines recent developments in the municipal bond tax landscape, including proposed IRS regulations, new guidance, and pending federal legislation in the latest volume of The National Associatio…
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On March 12, 2026, the Department of Treasury and the IRS released proposed regulations to update and clarify several provisions in the arbitrage regulations under Section 148 of the Internal Revenue Code. The proposed regulations also cover a couple of …
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This article, which follows and updates our May 8, 2023 and August 29, 2023 client advisories describing the Act’s provision of such payable tax credits for clean energy investments (also referred to as “refundable investment tax credits” or “refun…
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On December 22, 2023, the IRS activated an online portal (the “Registration Portal”) where users can register clean energy projects and investments, which can then be used to claim energy tax credits which are directly payable to state and local govern…
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On June 14, 2023, the IRS issued proposed regulations (the “Proposed Regulations”)[1] with respect to energy tax credits which are directly payable to State and local governmental entities as well as to 501(c)(3) organizations as a result of the enactm…
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For the first time, with the enactment of the Inflation Reduction Act of 2022 (the “Act”),[1] federal tax law has made energy tax credits available to State and local governments, and to 501(c)(3) organizations, as cash payments. This article will prov…
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On March 18, 2022, the IRS released Revenue Procedure 2022-20, making permanent the ability to conduct TEFRA hearings “virtually” for purposes of Code Section 147(f)(2)(B)(i), by means of toll-free telephonic access to the hearing for members of the pu…
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On December 30, 2021, the Treasury Department and the Internal Revenue Service released Treasury Decision 9961 (REG-118784-18) promulgating final regulations related to the ongoing transition in the financial markets away from interbank-offered reference r…
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On November 8, 2021, H. R. 3684, the “Infrastructure Investment and Jobs Act” was passed by Congress, and on November 15, 2021, President Biden signed it into law. Enacted with bipartisan support, this “hard infrastructure” legislative package autho…
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On June 16, 2020, the Securities and Exchange Commission issued an Exemptive Order in Release 34-89074 to temporarily permit registered municipal advisors (MAs) to solicit banks and other financial institutions in connection with the direct placement of ce…
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On May 4, 2020, the Treasury Department and the Internal Revenue Service released two guidance pieces designed to address issues currently challenging the public finance markets as a result of the COVID-19 pandemic. The first release, Revenue Procedure 2…
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Recently, the Treasury Department and the Internal Revenue Service released proposed regulations (REG-118784-18) offering guidance related to the anticipated transition in the financial markets away from interbank-offered reference rates (IBORs) such as th…
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On December 31, 2018, the U. S. Department of the Treasury and the Internal Revenue Service (IRS) released Treasury Decision 9845, which sets forth final regulations on the public hearing and approval requirements that are prescribed for tax-exempt private…
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Earlier this summer, the Internal Revenue Service announced that the percentage reduction, or budgetary sequestration rate, that will be applied to interest subsidy payments on so-called “direct-pay” bonds for fiscal year 2019 (which begins on October …
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On August 15, 2018, the Securities and Exchange Commission (SEC) finalized and adopted amendments to Rule 15c2-12 of the Securities Exchange Act of 1934 (Rule 15c2-12), which proscribes certain notice requirements pertaining to obligations of state and loc…
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On December 22, 2017, H. R. 1, the “Tax Cuts and Jobs Act”, was signed into law. Addressing a wide range of tax policy and revenue matters, starting with a 40% reduction in the corporate income tax rate and significant adjustments to the tax brackets fo…
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On December 2, 2017, the United States Senate approved its version of the bill entitled the “Tax Cuts and Jobs Act”. Although the Senate bill is aligned with the version of the Act approved by the House of Representatives on November 16, 2017 with re…
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On November 9, 2017, the Congressional Joint Committee on Taxation released a detailed report on the provisions in the Senate version of the bill entitled the “Tax Cuts and Jobs Act”. The Senate bill, like the House version of the bill released on No…
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On November 2, 2017, Republicans in the House of Representatives released a bill entitled the “Tax Cuts and Jobs Act” that would make the most thoroughgoing revisions to the federal tax laws in more than a generation. At the top level, this bill woul…
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Under current law, direct pay bond subsidy payments are subject to federal budgetary sequestration through fiscal year 2025. On August 2, 2017, the Internal Revenue Service released a statement noting that the percentage reduction that will be applied to…
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On December 8, 2016, the Treasury Department and the Internal Revenue Service released Treasury Decision 9801, which sets forth final regulations providing a revamped definition of the “issue price” of tax-exempt bonds under the arbitrage bond rules of…
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On August 22, 2016, the Internal Revenue Service released Revenue Procedure 2016-44 (“RP 2016-44”), which lays out a new and significantly liberalized safe harbor model for management contracts affecting facilities that are financed with tax-exempt bon…
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On July 18, 2016, the United States Department of the Treasury and the Internal Revenue Service published a package of regulations revising and updating the “arbitrage bond” rules of Section 148 of the Internal Revenue Code. With certain exceptions, Se…
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Under current law, direct pay bond subsidy payments are subject to federal budgetary sequestration through fiscal year 2025. On February 9, 2016, the Office of Management and Budget released the nondefense mandatory sequester percentage for fiscal year…
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In late October 2015, the United States Department of the Treasury released comprehensive final regulations governing allocations and accounting under the “private activity bond” rules of Section 141 of the Internal Revenue Code. Section 141 of the Cod…
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Firm News
Hinckley Allen has once again earned prominent recognition in the Chambers USA 2026 Guide. This year, 10 practice areas and more than 30 attorneys across the firm’s offices in the Northeast and Florida earned distinguished rankings, underscoring Hinckley…
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Hinckley Allen is proud to announce that 127 of its attorneys have been recognized in the 2026 edition of The Best Lawyers in America®, representing 75% of the firm’s legal team.
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Hinckley Allen proudly announces that Chambers and Partners has recognized 34 attorneys and seven practice areas across our office locations in the Chambers USA 2025 Guide. In this year’s edition, five attorneys earned new or improved rankings, …
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Hinckley Allen is pleased to announce that over 100 attorneys are recognized in the 2025 edition of Best Lawyers in America®, including 14 “Lawyers of the Year” and 41 “Ones to Watch. ” This recognition, marking the largest group of attorneys honor…
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Hinckley Allen is pleased to announce that 30 of our attorneys and 6 of our practices across four states have been ranked in Chambers & Partners USA Legal Guide in its annual listing of leading lawyers for business. Published annually, the guide recogni…
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A multitude of Hinckley Allen attorneys are recognized in their respective practice areas in Best Lawyers® 2024 edition of The Best Lawyers in America®. In addition, 11 Hinckley Allen attorneys were named in the “Lawyers of the Year” category, as wel…
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Hinckley Allen is pleased to announce that 67 attorneys are recognized in the 2023 edition of The Best Lawyers in America®, including 5 “Lawyers of the Year. ” Best Lawyers® has also recognized 24 Hinckley Allen attorneys in their “Ones to Watch” …
Firm News
Hinckley Allen is proud to announce that the 2022 edition of Chambers USA has recognized several of the firm’s practice areas and attorneys for their outstanding work. Chambers USA rankings are based on extensive in-depth interviews with attorneys and cli…
Firm News
Hinckley Allen is pleased to announce that 58 attorneys are recognized in the 2022 edition of The Best Lawyers in America®, including 8 “Lawyers of the Year. ” Best Lawyers® has also recognized 15 Hinckley Allen attorneys in their inaugural "Ones to W…
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Hinckley Allen is pleased to announce that Best Lawyers® has recognized 59 attorneys in the 2021 edition of The Best Lawyers in America®, including 12 “Lawyers of the Year. ” Best Lawyers® has also recognized 10 Hinckley Allen attorneys in their inau…
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Only one lawyer in each specialty in each region is honored as a “Lawyer of the Year” by Best Lawyers®. Since its first publication in 1983, Best Lawyers® has become universally regarded as the definitive guide to legal excellence. Best Lawyers compi…
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Hinckley Allen is proud to announce that the 2019 edition of Chambers USA has recognized several of the firm’s practice areas and attorneys for their outstanding work. Chambers USA rankings are based on extensive in-depth interviews with attorneys and cli…
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Hinckley Allen is pleased to announce that Best Lawyers® has recognized 51 attorneys in the 2019 edition of The Best Lawyers in America®, including seven “Lawyers of the Year. ” Only one lawyer in each specialty in each r…
Firm News
Hinckley Allen is proud to announce that the 2018 edition of Chambers USA has recognized several of the firm’s practice areas and attorneys for their outstanding work. Chambers USA rankings are based on extensive in-depth interviews with attorneys and cli…
Firm News
Noble F. Jomarie T. Robert J. James J. Leon C. John J. William W. Christine K.
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Two prominent local attorneys, Antonio Martini and Kris Moussette, have joined Hinckley Allen’s Boston office as partners in the firm’s growing Public Finance practice. Both attorneys are joining Hinckley Allen from Locke Lord LLP in Boston. “Tony and…
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Hinckley Allen is pleased to announce that 25 of its lawyers and 6 of its practices across three states were ranked by Chambers and Partners in its annual survey, Chambers USA: America’s Leading Lawyers for Business 2023. Chambers rankings are thoroughl…
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