 |
Gilmore & Bell does much more than calculate "rebate" for your bond issue. The Firm provides comprehensive arbitrage compliance services to issuers, borrowers and bond trustees throughout the United States. Assisted by a team of financial analysts, our tax lawyers analyze each bond issue for compliance with ongoing rebate requirements and provide advice in developing the investment and expenditure information necessary to calculate rebate, qualify for spending exceptions and avoid costly mistakes. This service is available for all types of state and local debt transactions -- including bond and note issues, municipal leases and certificates of participation -- even if the Firm was not involved with the issuance of the securities. Drawing on the experience gained as one of the most active public finance firms in the United States, the Firm is able to provide timely and practical suggestions that can reduce or eliminate rebate liability. For installment and final calculations, Gilmore & Bell delivers a legal opinion that payment of the rebate amount will satisfy the arbitrage rebate requirements of the Internal Revenue Code. The Firm also assists the issuer, borrower or bond trustee in making the necessary filings with the Internal Revenue Service.
Rebate Frequently Asked Questions