Tax and Bond Lawyer joins Ballard Spahr

Kimberly C. Betterton, a lawyer known for her work with tax matters in municipal bond issues, has joined Ballard Spahr as a partner in the firm’s Baltimore office.

Betterton’s practice focuses on federal tax laws and regulations involving tax-exempt bonds, particularly conduit 501(c)(3) financings, governmental bonds and exempt facility qualification. She advises clients on issues related to interest rate swaps and other derivatives, Build America Bonds, and Qualified School Construction Bonds.

Betterton also counsels clients on a variety of post-issuance tax compliance issues, including arbitrage, private use questions, remediation, reissuance and IRS audit and review activities.

“I have worked alongside Kim for several years and am enthusiastic to have her at Ballard Spahr,” said Frederic L. Ballard, Jr., head of the firm’s Tax Group. “Kim is a terrific lawyer-smart, creative, and dedicated to her clients. She will be a tremendous asset to the firm.”

Previously a partner at McKennon Shelton & Henn, Betterton is a member of Ballard Spahr’s Public Finance, Energy and Project Finance, Tax, and Transactional Finance practices. The firm’s Tax Group enjoys a national reputation in the federal and state tax law aspects of public finance transactions and in general practice.

“I am honored and excited to begin working with both the lawyers and clients of Ballard Spahr,” Betterton said.

Betterton was chair of the 2010 Bond Attorneys’ Workshop, a member of the Board of Directors of the National Association of Bond Lawyers, and chair of the Subcommittee on Arbitrage for the American Bar Association’s Committee on Tax Exempt Financing in 2010. She also is the former editor-in-chief of Federal Taxation of Municipal Bonds, published by LexisNexis. Betterton holds a bachelor’s degree from the University of Pennsylvania and a law degree from William & Mary Law School.

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