David A. Caprera

(303) 292-7812
Of Counsel
(303) 292-7799 Fax
David.Caprera@KutakRock.com

Mr. Caprera is a senior section 103 tax lawyer in Kutak Rock LLP’s Denver office. He has more than 30 years' experience in tax-exempt bond financing and has had primary responsibility for delivering tax opinions in such areas as student loan issues, highway finance, educational facility financings, housing, and industrial development financings and refundings, as well as traditional government financings. Mr. Caprera is the past chair of the American Bar Association Tax Section’s Tax-Exempt Financing Committee, past chair of its task force on the Treasury Regulations implementing the arbitrage rebate provisions of the Tax Reform Act of 1986, and past chair of its Subcommittee on Arbitrage Matters. He also has served on the Board of Directors of the National Association of Bond Lawyers.

  • Representing student loan bond issuers as lead tax counsel for more than a dozen state authorities.
  • Counsel to a variety of state and regional highway authorities in financing both public and toll roads through the issuance of bonds totaling in excess of $5B.
  • Representing both bond issuers and investment banking firms in examinations before the Internal Revenue Service.
  • Preparing Internal Revenue Service ruling requests on topics including naming rights, financing interests in real property, synthetic variable rate refundings, creating on behalf of issuers, private activity bonds, and replacement proceeds.
  • Representing taxing authorities in the acquisition, zoning, financing and development of residential and commercial property.
  • Advising funds as investors in tax-exempt bonds regarding tax risk and opportunities available through restructurings and workouts.