Adam primarily focuses his practice on the federal tax aspects of public finance transactions, Qualified Opportunity Zones, tax credit and investment incentive programs, and general for-profit and nonprofit corporation tax matters. He provides tax advice in connection with financing transactions for cities, counties, affordable housing projects, school districts, municipally-owned water and wastewater and electric and gas utility systems, healthcare systems, higher education authorities, nonprofit and state-owned colleges and universities, state agencies, and various other tax-exempt organizations. Adam has additional experience advising on the financing of professional and collegiate sports stadiums. He advises issuers, financial advisors, and underwriters regarding financings involving new money projects, refundings, capital and working capital financings, commercial paper issues, pooled bonds, variable rate bonds, and fixed rate bonds.
Adam has performed the tax analysis on more than 650 bond counsel transactions aggregating over $30.0 billion of total principal amount issued and assisted on the largest tax-exempt financing transaction in the healthcare industry in 2018, the first tax-exempt Qualified 501(c)(3) Bonds to be guaranteed by the Texas Permanent School Fund, and the national “2021 Deal of the Year” as named by Smith’s Research and Gradings.
In conjunction with tax-exempt financings, Adam represents numerous clients with IDRs, VCAP closing agreements, IRS audits, rebate compliance, and other administrative proceedings.
In addition to advising on public finance transactions, Adam maintains a general nonprofit corporate tax practice in which he routinely creates corporate entities, guides entities through the application process for tax-exempt status recognition, and advises on ongoing compliance issues for tax-exempt organizations. He has advised on certain tax consequences of domestic and international corporate reorganizations, mergers and acquisitions in the healthcare field, and on compliance, regulatory, and legislative matters affecting 501(c)(3), 501(c)(4), and 501(c)(6) organizations.
Awards and Recognitions:
Adam’s most recent awards include being named to The Bond Buyer’s 2021 Rising Stars, Thomson Reuters’ 2022 Super Lawyers: Texas Rising Stars, and 2022 Best Lawyers in America: Ones to Watch.
Adam serves as a Vice Chair of the American Bar Association’s Tax-Exempt Financing Committee and Co-Chair of the State Bar of Texas’ Tax Exempt Finance Committee. He is a frequent speaker at NABL, ABA, and The Bond Buyer events, and was invited to testify in Washington, DC before the Internal Revenue Service and the U.S. Department of the Treasury on ways to improve the Internal Revenue Code and Treasury Regulations with respect to infrastructure development and community revitalization.
Adam also serves as Chair of the Planning and Zoning Commission for the City of Olmos Park, Texas.
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