Current Employment Position(s)

Of Counsel

Lawyer Overview

Bob Capizzi focuses his practice in the area of tax-exempt finance. Bob has extensive experience in all federal income tax aspects of tax-exempt finance in the role of bond counsel, tax counsel, borrower's counsel, and underwriter's counsel. He regularly provides tax advice to borrowers regarding a wide range of tax-exempt financings, including qualified 501(c)(3) bonds for health care, educational and cultural institutions, governmental bonds, private activity bonds for airports, multifamily housing, manufacturing and other facilities, acquisition financings, working capital financings, pooled financings, advance refundings, current refundings, and debt restructurings. Bob has extensive experience with derivative and financial products, including various types of interest rate swaps and financial asset securitizations. His practice includes advising borrowers regarding arbitrage rebate planning and the review of arbitrage rebate calculations. He represents borrowers in tax controversies and the negotiation of closing agreements with the IRS. He has served as a panelist at seminars on tax-exempt finance topics and has given presentations to public finance market participants.

Bob regularly provides tax advice for various types of tax-exempt health care financings for multistate systems and individual borrowers, including recent transactions for Avera Health, Delnor-Community Hospital, Elmhurst Memorial Healthcare, Emanuel Medical Center, Evanston Northwestern Healthcare, Felician Services, Hospital Sisters Services, Methodist Healthcare, Regional Health, Resurrection Health Care, Retirement Housing Foundation, and Swedish Covenant Hospital. Additionally, he has advised on tax-exempt governmental bond transactions for many large issuers, including the city of Chicago, the Chicago Board of Education, Cook County, the state of Illinois, the Illinois Sports Facilities Authority, the Illinois State Toll Highway Authority, and the state of South Dakota.

Bob is a member of the National Association of Bond Lawyers. He is listed in the "Leading Lawyers Network" of top lawyers in Illinois for 2005, 2006, and 2007. Bob is also a certified public accountant (CPA) (inactive) and is admitted to practice law in Washington but is now inactive in that state.

Areas of Practice

• Tax
• Taxation of Municipal Bonds
• Health Care
• Finance/Health Care

Representative Cases

• Series 2007 Pollution Control Bonds
• Series A Bonds

West Practice Categories

Banking & Finance Law, Corporate Taxation, Disability, Elder Law, Estate & Gift Taxation, Excise Taxes, Food & Drug Administration, Health & Health Care Law, Hospital Law, Income Taxation, International Taxation, Medicare & Medicaid, Mental Health, Nursing Home, Payroll Taxes, Property (Ad Valorem) Taxes, Sales & Use Taxes, Social Security -- Disability, Taxation Law

Bar Admissions

• Illinois

Education

• SU of New York- Buffalo

Published Works

• Proposed Regulations Modify Arbitrage Regulations, 2007
• $150 Million Non-Hospital Bond Limitation Eliminated For New Capital Expenditures, coauthor, BNA's Health Law Reporter, 1997
• Congress Enacts New Tax Act That Liberalizes $150 Million Limitation On Non-Hospital Bonds, coauthor, NHLA/AAHA Health Law Digest, 1997
• IRS Finalizes Management Contract and Change In Use Rules, coauthor, BNA's Health Law Reporter, 1997
• New Developments in Tax Planning for Joint Operating Company Arrangements, coauthor, The Exempt Organization Tax Review, 1996

Address

77 West Wacker
Chicago, IL 60601-1692

Phones

1.312.269.1504 (Business Phone)

Faxes

1.312.782.8585 (Business Fax)

Emails

Contact Us (Business Email)

Websites

http://www.jonesday.com