Kimberly C. Betterton

Of Counsel
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 Highlights

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

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.

“Arbitrage & Rebate”, National Association of Bond Lawyers’ The Institute, March 2019

“A Deep Dive into Tax Increment Financing”, American Bar Association Tax Section, January 2019

Board Memberships & Community Service

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

Publications

Co-author, "ABC's of Arbitrage," American Bar Association, 2018 

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

Credentials 

Education

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

University of Pennsylvania (B.A. 1991)

Admissions

Maryland