Representative Clients -
Air Tiger Express Companies, Inc.
Luther Forest Technology Campus Economic Development Corporation
Raymour & Flanigan
BBL Construction Services
The Nicotra Group
Central New York Dialysis Center
Economic Development Incentives -
Tim helps clients with the intricacies of business development, relocation and expansion. Representative projects include distribution centers, manufacturing facilities, historical rehabilitation projects, residential developments and retail developments. Understanding that New York can be a difficult (and expensive) place to do business, Tim assists clients with utilizing grants, subsidized loans, tax exemptions/credits/reductions, obtaining financing, identifying investors and negotiating investment terms, and working with local officials on project approvals, PILOT agreements and other local development incentives. Tim's experience includes:
NYS Empire Zones Program
Brownfield Cleanup Program
Industrial Development Agencies
Government grants and tax treatment of grants
Energy incentive programs
Historic rehabilitation tax credits
Low income housing tax credits
New markets tax credits
Real property tax abatement and PILOT agreements
1031 exchanges and other tax deferral opportunities
Tax Planning and Advocacy -
Tim assists clients with federal, state and local tax planning, compliance and advocacy, including advising clients with respect to asset and stock transactions, tax-free reorganizations, partnership taxation, Section 1031 exchanges, federal and New York State tax credits, local tax exemptions and assessment challenges, S elections, foreign operations and assets of U.S. taxpayers, U.S. operations of foreign companies, federal and New York State private ruling requests, federal and state tax law lobbying, federal and state audits, and tax litigation.
Government Relations -
Tim has worked extensively with federal and state legislative, executive and agency personnel to advocate for specific rulings, general rule-making and for legislative action. Tim has worked effectively with federal legislators and committees, the New York Senate, the New York State Assembly, the New York State Governor's Office and the New York State Division of Budget to advocate for specific legislative action with regard to economic development issues and projects and tax matters.
Business Transactions -
Tim's experience includes representing clients in asset and stock transactions, providing tax advice in corporate acquisitions, mergers and separations, tax planning and advocacy for partnerships, LLCs, S corporations and C corporations, and advising clients with regard to obtaining loans and investments from banks and outside investors. He represents distressed borrowers in work-outs, assisting clients with start-up businesses, and counseling clients with respect to maximizing tax and other benefits available under various state and federal economic development and environmental remediation programs.
Tim represents businesses of all sizes in their general corporate affairs. He has extensive experience in mergers and acquisitions, both foreign and domestic, including transactions between companies in the United States, the European Union and the Pacific Rim. Tim provides tax counsel to businesses and individuals with respect to LLCs, partnerships and corporations, and assists U.S. taxpayers with foreign operations and foreign taxpayers with U.S. operations.
Not-For-Profit Organizations -
Tim has assisted numerous not-for-profit organizations with formation, tax-exempt status, and corporate compliance issues. His experience includes working with organizations with significant endowment funds and the legal issues associated with the use of such funds and historic dollar value. As special counsel, Tim has helped organizations qualify for charitable status under federal tax laws and to revive such charitable status in situations where the status has lapsed. In a general counsel capacity for several not-for-profit organizations, Tim advises boards of directors with respect to permissible activities and compliance with federal and state laws controlling the actions taken by board members and transactions involving board members.
Tim Lynn in the News
Threatened Empire Zone businesses scramble to make a case -
Syracuse Newspapers, May 29, 2009
Public: Cancel historic hearing-
Skaneateles Journal-February 24, 2010
Board voids rec center contract-
Skaneateles Journal-November 24, 2010
Parking moratorium continues-
Skaneateles Journal-December 12, 2010
NY hopes incentive will help blow the whistle on tax cheats -
Syracuse Newspapers, January 10, 2011