Profile

Tim is a public finance and tax attorney at McNees in Harrisburg, PA. He is a member of the Public Finance & Government Services Group and also practices in the Corporate & Tax and Public-Private Partnerships, and Craft Breweries and Distilleries Groups.

As an attorney Tim has spent his entire legal career advising clients in matters related to state, local and federal taxation. He advises banks and financial institutions, governmental issuers, school districts and nonprofits on the structuring of taxable and tax-exempt revenue bond and general obligation bond financings for a variety of capital projects, including manufacturing facilities, hospitals and other health care facilities, parking facilities, schools and higher education institutions and water and sewer projects. Tim also represents governmental issuers in connection with IRS examinations of their tax-exempt bonds. He also provides legal advice to clients in connection with the sale or long-term lease of public assets in the context of public-private and public-public partnerships.

Tim also works with craft breweries and distilleries, advising both startup and well-established businesses on a variety of issues relating to formation, tax planning, capitalization, securities, and mergers and acquisitions.

Tim is a member of the Board of Directors of the Pennsylvania Association of Bond Lawyers, and writes extensively on matters of interest to the tax-exempt bond community. He regularly speaks on topics of municipal finance and tax law at seminars sponsored by various state organizations, including the Pennsylvania State Association of Boroughs, the Pennsylvania Municipal Authorities Association, and the Pennsylvania Bar Institute.

Connect with Tim on LinkedIn: http://www.linkedin.com/in/timhorstmann

Follow Tim on Twitter: https://twitter.com/tim_horstmann

EDUCATION

Shippensburg University, B.A., English and History, 2002, magna cum laude

The Dickinson School of Law of The Pennsylvania State University, J.D., 2007, magna cum laude, Penn State Law Review, Articles Editor, Woolsack Society

MEMBERSHIPS

Pennsylvania Bar Association

Dauphin County Bar Association

National Association of Bond Lawyers

Pennsylvania Association of Bond Lawyers, President, 2022

HONORS/AWARDS

The Best Lawyers in America®, 2025

EXPERIENCE/REPRESENTATIVE CASES

Served as bond counsel to the Pittsburgh Water and Sewer Authority in its sale of almost $400 million of revenue bonds issued to fund critical water, sewer and stormwater infrastructure improvements. McNees’ team, together with PWSA’s leadership team, financial advisors and investment bankers, helped the Authority navigate the high volatility of the bond markets and refinance its existing debt to save both the Authority and Pittsburgh ratepayers money.

Bar Admissions

Pennsylvania

PUBLICATIONS

June 11, 2024 - U.S. Treasury Proposes New Regulations on Eligibility Requirements for Clean Energy Tax Credits under the Inflation Reduction Act
McNees Public Finance & Government Services Client Alert

May 29, 2024 - FOIA Buddy and RTKL Requests: What Municipalities Need to Know
Government Services Alert

May 10, 2024 - Broadband Infrastructure Grants Announced, Kicking Off $400M of Projects Throughout Pa.
The Legal Intelligencer

May 1, 2024 - Grant Funding Announced for Rural Transit, Other Projects through U.S. Department of Transportation
McNees Public Sector Blog

April 2, 2024 - Grant Funding Announced for Rural Transit, Other Projects through U.S. Department of Transportation
McNees Public Finance Client Alert

February 13, 2024 - Inflation Reduction Act: A Game Changer for Pennsylvania Clean Energy Projects

January 16, 2024 - Bond Issue Fundamentals: A Guide to the Participants and the Process

January 2, 2024 - So Solar Is Hot Right Now, but What Are My Options?
The Legal Intelligencer

September 5, 2023 - IRS Targets Port Arthur, Texas, Bond Issuance for Hedge Bond Violation – Is Your Bond Issue at Risk?
McNees Public Finance Client Alert

June 1, 2023 - Pennsylvania Distributing $200 Million to Bolster Broadband Infrastructure Projects for Unserved and Underserved Areas
McNees Financial Services Client Alert

April 13, 2023 - Traditional Municipal Bond Concepts and New ESG Concepts Collide in a Village Outside of Chicago
The Legal Intellegencer

January 17, 2023 - Electrifying Times - PA to Distribute Millions to Bolster National Electric Vehicle Infrastructure; Initial Funding Opportunity to Start in February of 2023

September 21, 2022 - Pennsylvania Commonwealth Court Issues Long-Awaited Decision in Ursinus College Prevailing Wage Appeal
McNees Public Sector Blog

September 13, 2022 - Pennsylvania Commonwealth Court Issues Long-Awaited Decision in Ursinus College Prevailing Wage Appeal
McNees Client Alert

April 26, 2022 - ARPA Reporting Due April 30, 2022!
McNees Advocate Alert

April 6, 2022 - Four Years On, Alternatives to Tax-Exempt Advance Refundings Continue to Proliferate in Municipal Bond Market
McNees Public Sector Blog

April 1, 2022 - 4 Years On, Alternatives to Tax-Exempt Advance Refundings Continue to Proliferate
The Legal Intellegencer

March 15, 2022 - Commonwealth Court: Stormwater Fee Not an Impermissible Tax
McNees Public Sector Blog

March 1, 2022 - McNees Public Finance Attorneys to Present on ARPA Expenditures
McNees Public Sector Blog

February 4, 2022 - Treasury Issues Final Rule on Expenditure of State and Local Coronavirus Recovery Funds
The Legal Intelligencer

December 7, 2021 - ARPA Audits– What to Expect and What You Can Advise Your Clients to Do Now
McNees Public Sector Blog

September 16, 2021 - Tax-Exempt Advance Refundings Included in Proposed Build Back Better Act
McNees Public Sector Blog

August 3, 2021 - ARPA Windfall: What May Pa. and Its Municipalities Do With This Money?
The Legal Intelligencer

July 6, 2021 - New Requirements on Meetings Held by Pennsylvania Local Governments
McNees Advocate Alert

April 7, 2020 - Tax Anticipation Notes: A Short-Term Cure for the Coronavirus Budget Deficit?
McNees Public Finance Client Alert

April 1, 2020 - Considering a Temporary Deferral on a Tax-Exempt Obligation? Don't Forget About the Reissuance Rules
McNees Public Finance Client Alert

March 24, 2020 - NABL Pushing for Municipal Bond Relief Measures in Response to COVID-19
McNees Public Finance Client Alert

April 22, 2019 - Slate of Municipal Debt Reform Proposals Reintroduced in PA House, Senate
Advocate Alert

March 26, 2019 - EMMA Gets a Makeover: Enhancements Coming in Summer 2019
McNees Advocate Alert

January 4, 2019 - Happy New Year! IRS Celebrates with Two Regulatory Notices for the Tax-Exempt Bond Community
McNees Public Finance Client Alert

December 7, 2018 - What is Material? The SEC Says You Decide
The Legal Intelligencer

August 21, 2018 - SEC Approves Amendments to Rule 15c2-12 to Address Bank Loan Disclosure Concerns
Public Finance Client Alert

April 5, 2018 - Continuing Disclosure in the Municipal Bond Market: Importance of Compliance
The Legal Intelligencer

February 13, 2018 - Trump Infrastructure Plan Would Expand Use of Private Activity Bonds
McNees Public Finance Client Alert

February 8, 2018 - TCJA Expected to Trigger Increase in Interest Rates on Outstanding Tax-Exempt Borrowings
The Legal Intelligencer

December 21, 2017 - House, Senate Pass Tax Cuts and Jobs Act; Private Activity Bonds Saved
McNees Public Sector Client Alert

August 10, 2017 - New Funding Mechanisms for Municipal Stormwater Management
The Legal Intelligencer

June 26, 2017 - Pennsylvania Senators Introduce New Municipal Debt Reform Bills
McNees Public Sector Client Alert

April 17, 2017 - New IRS Regulations Change the Game for Municipal Bond Issuers
The Legal Intelligencer

April 17, 2017 - Sanctuary Jurisdictions and Municipal Bond Disclosure
The Legal Intelligencer

February 22, 2017 - Bills Introduced in General Assembly Targeting Sanctuary Jurisdictions

October 11, 2016 - IRS Charts New Course on Management Contracts for Facilities Financed by Tax-Exempt Bonds
The Legal Intelligencer

September 1, 2016 - SEC Announces Enforcement Actions Against 71 Municipal Issuers
McNees Public Sector Client Alert

August 25, 2016 - IRS Loosens Restrictions on Safe Harbors for Management Contracts for Bond-Financed Property
McNees Public Sector Client Alert

August 2, 2016 - MSRB: No Attempts to Mandate Bank Loan Disclosure...For Now
Public Sector Client Alert

July 21, 2016 - Pennsylvania 2016-2017 Budget Revives Brewers' Tax Credit - With A Catch
McNees Food & Beverage Client Alert

June 8, 2016 - Christmas Comes Early for the Pennsylvania Liquor Industry: Governor Wolf Signs Liquor Modernization Bill into Law

February 16, 2016 - Municipal Stormwater Permitting and Stormwater Authorities
The Legal Intelligencer

February 2, 2016 - Public Finance Client Alert
Continuing Disclosure Information Reporting Deadline Draws Near

January 8, 2016 - Public Utility Companies Look to Gobble up Municipal Systems through Private Sales

December 15, 2015 - Turning the Page to 2016: Bank-Qualified Tax-Exempt Obligations
The Legal Intelligencer

October 13, 2015 - Water and Wastewater Concession Leases: An Introduction for Municipalities

September 22, 2015 - Avoiding Tax Traps in Selling or Leasing Municipal Assets
The Legal Intelligencer

July 28, 2015 - Potential Risks in Voluntary Reporting of Bank Loans
The Legal Intelligencer

March 25, 2015 - Financially Distressed Municipalities Obtain New Taxing Powers Under Act 47 Recovery Program
The Legal Intelligencer

January 20, 2015 - A Small Borough Closes on a Big Lease of its Water and Sewer System: Lessons for Other Municipalities
The Legal Intelligencer

August 26, 2014 - MSRB Relaxes Duties of Municipal Advisors
The Legal Intelligencer

August 23, 2014 - Liquor Law Update - August 2014
Distribution Agreements in Pennsylvania:  Til Death Do Us Part

January 17, 2014 - Public Finance Client Alert
The Stimulus Shall Continue: IRS Gives OK to Current Refundings of Recovery Zone Facility Bonds

October 24, 2013 - McNees Municipal Recovery Client Alert
Pennsylvania Senate Local Government Committee Advances Amended Municipal Financial Reform Legislation

October 14, 2013 - Liquor Law Update - October 2013
Starting a Craft Brewery:  Business Tips for the New Entrepreneur

October 7, 2013 - McNees Municipal Recovery Client Alert
Pennsylvania Senate Local Government Committee Advances Bill No Longer Banning, But Limiting Municipal Interest Rate Swaps

September 25, 2013 - The Challenges of Being a Municipality Under the Laws of Pennsylvania

July 27, 2013 - McNees Client Alert
Bipartisan Group of Senators Advance Additional Municipal Debt Reform Legislation

May 12, 2013 - McNees Client Alert
The SEC Action Against the City of Harrisburg:  Lessons for Other Municipalities

March 25, 2013 - Municipal Debt Reform Legislation Introduced in State Senate

March 24, 2013 - Five Things to Know when Contemplating the Issuance of Municipal Debt

February 17, 2013 - McNees Client Alert
Senate Proposal Would Dramatically Change Process for DCED Approval of Municipal Debt

February 8, 2013 - PA Tax Law News - February 2013
In this issue: PA Governor Proposes Corporate Tax Cuts l Add-Back Legislation Reintroduced l PA Supreme Court Issues Business / Nonbusiness Income Decision l Philadelphia Property Reassessments l Commonwealth Court Addresses Additional IFTA Issues l Commonwealth Court Opinion Contains Important Lessons l Administrative Bank Attachment l PA Supreme Court Invalidates Local “Flat Tax” on Businesses l Use of Appeal Filing Date as Valuation Date for Assessment Appeals

PRESS RELEASES

August 15, 2024 - Best Lawyers® recognizes 38 McNees attorneys, one named “Lawyer of the Year”

February 26, 2024 - McNees ranked No. 7 nationally, No. 1 in Pennsylvania for bond counsel services

July 5, 2023 - McNees serves as bond counsel to the Pittsburgh Water and Sewer Authority

July 20, 2022 - Timothy Horstmann Elected President of Pennsylvania Association of Bond Lawyers

May 19, 2022 - Three McNees Attorneys Discussing Pa. Finance Legislation and Ethics

April 13, 2022 - Two McNees Public Finance Attorneys Presenting ARPA Expenditures Workshop

March 3, 2022 - McNees Attorney Providing Key Tips, Resources for Townships’ Preservation of E-Documents

October 28, 2019 - McNees Attorneys to Present at Lancaster-Lebanon School Business Administrators Professional Development Conference

April 22, 2019 - McNees Attorney to Co-Present Webinar on Asset Monetization for International Parking & Mobility Institute

July 31, 2018 - McNees Attorneys to Present on Stormwater Financing at PSAB Municipal Legal Update

May 24, 2018 - McNees Public Finance and Tax Attorney to Present at PA Association of Bond Lawyers Seminar

August 31, 2017 - McNees Attorneys to Present Webinar on Recent Developments in Stormwater Management for PSAB

January 4, 2017 - McNees Elects Attorneys Julia Coelho, James Franklin, Timothy Horstmann, Kelley Kaufman, and Adam Santucci into Membership

July 5, 2016 - McNees Attorney Timothy J. Horstmann Joins Leadership Cumberland Board of Directors

December 8, 2015 - McNees Attorneys Selected as 2015 Select Lawyers

October 18, 2014 - Alter Ego's alter ego - Introducing Zeroday Brewing Co.: Out with Sar

September 9, 2014 - Local Law Firm Focused on Aiding the Craft Beverage Industry

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