Kimberly C. Betterton, a nationally recognized expert on federal tax laws and regulations involving tax-exempt bonds, has joined McKennon Shelton & Henn LLP.
Ms. Betterton advises clients on a range of tax-advantaged transactions, including governmental, 501(c)(3), and exempt facility obligations, among others. She advises clients regarding the original issuance of obligations, the many post-issuance compliance responsibilities of issuers and other obligors, and IRS audits. Ms. Betterton’s broad-ranging experience includes routinely providing counsel on private use questions, arbitrage issues, Form 990 – Schedule K, remediation as a result of change in use, reissuances, and IRS audits.
“We are thrilled to have Kim Betterton join McKennon Shelton & Henn. She is a deeply respected expert in tax-exempt financings who can guide clients through regulatory and compliance issues,” said David W. Gregory, a partner with the Firm. “She is a perfect fit for our team and will allow us to expand our work helping clients navigate the complicated world of tax-exempt financing.”
Ms. Betterton is a nationally recognized expert on tax-exempt bonds, publishing extensively on tax topics and speaking regularly at events focused on federal income tax laws affecting municipal bonds. That includes regular participation at the National Association of Bond Lawyers’ Workshop, including on panels related to Hot Tax Topics, Tax Due Diligence & Documentation, Private Activity Bond Tests, and Working Capital Financings. She is also the former editor-in-chief of Federal Taxation of Municipal Bonds from LexisNexis. Prior to joining the Firm, Ms. Betterton was Of Counsel with Ballard Spahr LLP.
Ms. Betterton earned her B.A. degree from the University of Pennsylvania and her J.D. from William & Mary Law School. She is a Fellow with the American College of Bond Counsel.
“I’m pleased to join a well-respected law firm like McKennon Shelton & Henn,” Betterton said. “The team here is well-equipped to work with clients in the Baltimore-Washington region and nationally and advise clients on the legal and regulatory issues that arise in tax-exempt financings.”
McKennon Shelton & Henn LLP has a broad, diversified municipal law and finance practice with substantial experience in virtually all types of sophisticated public finance transactions, including municipal law and finance, disclosure and securities law, and federal tax laws affecting municipal bonds, including post-issuance compliance regulations and procedures and Internal Revenue Service audits and settlements In addition, the firm’s attorneys have represented public and privately held corporations, various business entities, banks, institutional lenders, non-profit institutions, investment banking and brokerage firms and developers in a broad range of complex transactions both inside and outside the Baltimore-Washington region.