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We provide legal interpretation of IDA transactions.   Print This Page
 

IDA and Municipal Development Incentives

 

The IDA & Municipal Development Incentives Practice Group offers tested expertise, legal interpretation and practical knowledge in Industrial Development Agency financings, tax credit financings, economic incentives, legislative law and the use of tax exempt and taxable bond proceeds by conduit and direct issuers of debt. An Industrial Development Agency is a public benefit corporation formed by an act of the State Legislature.

An IDA transaction allows a project to be built with real property tax abatements, sales and use tax exemptions, mortgage recording tax exemptions and, in certain circumstances, with the proceeds of tax-exempt bonds.   RMF has successfully represented real estate developers, multinational firms, not-for-profit entities, schools and manufacturers in transactions with IDA and similar economic benefit agencies throughout the United States. Our attorneys work closely with other critical disciplines within the Firm, such as our Corporate, Real Estate and Financial Services Departments to meet the needs of our clients in an efficient and productive manner.

We are regularly consulted by municipalities on issues of legislative interpretation and members of our practice group are featured speakers at IDA seminars throughout the Northeast.

Department Chairperson:
Edward Ambrosino | eambrosino@rmfpc.com

Department Members:
David P. Leno | dleno@rmfpc.com
Matthew J. Zangwill | mzangwill@rmfpc.com

Click here to view our practice brochure

 

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With more than 60 attorneys, superior knowledge of the law, polished business acumen and proven credentials, Ruskin Moscou Faltischek has earned a reputation for excellence and success. You can find experienced real estate attorneys, litigation attorneys, construction attorneys, and more all in the same firm.