I knew the Dems and Socialists would throw Virginia taxing citizens under the bus. The saying goes… “You will reap what you sow. “ https://youtu.be/CRwL9vy-f7E

Attorneys specializing in tax-exempt bond transactions frequently appear before Economic Development Authorities, Redevelopment and Housing Authorities, and local governing bodies (Boards of Supervisors or City Councils) to obtain the local approvals required by Section 147(f) of the Internal Revenue Code in connection with the issuance of bonds that are obligations of private parties (e.g., 501c3 organizations) but are issued through a local government body as "conduit issuers" that have no liability for payment of the bonds. These limited interactions would likely fall under the scope of SB50 and require bond attorneys such as myself to register as lobbyists seeking to influence "local government action." It is unlikely that this scenario was considered in the drafting of SB50. It would be helpful if an exemption could be considered to carve out "Local approvals required by Section 147(f) of the Internal Revenue Code" or something to that effect. I can be reached at 804-762-6036, or kevin.white@butlersnow.com, if you would like to discuss. Thank you.