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Milton S. Wakschlag

Partner
milton.wakschlag@kattenlaw.com
Chicago Office
p+1.312.902.5423
f+1.312.902.1061
Overview

Milton S. Wakschlag is a senior tax partner in Katten's national Government and Public Finance practice. For more than 37 years he has concentrated his practice in the areas of tax-exempt bond financing, IRS bond audits and private rulings, public-private partnerships, financial derivatives, workouts and arbitrage rebate. Milton provides counsel on the tax-exempt financing of public infrastructure, affordable housing, universities, health care facilities, airports, assisted living, public power, sports facilities, sustainable and clean energy facilities, community development projects including tax increment financings (TIFs), and waste disposal facilities. He also advises on Dodd-Frank municipal advisor rules.

Over the course of his career, Milton has held numerous professional leadership and faculty positions, including leading an IRS-sponsored training session for IRS bond examiners on the federal tax law requirements applicable to TIFs and PILOT agreements. He also has served as chairman of the Tax-Exempt Financing Committee of the American Bar Association Section of Taxation, a member of the Steering Committee of the National Association of Bond Lawyers Bond Attorneys' Workshop, a principal faculty member for the Government Finance Officers Association's national training seminar "Understanding and Calculating Arbitrage Rebate," co-chair of The Bond Buyer's Ninth Annual Midwest Public Finance Conference and chairman of the Center for Business Intelligence's national conference "Stadium Development."

Milton is a frequent speaker on tax and municipal finance, presenting at conferences sponsored by the American Public Power Association, Assured Guaranty, The Bond Buyer, the Center for Business Intelligence, the Council for Urban Economic Development, the Council of Development Finance Agencies, Georgetown University Law Center, the Government Finance Officers Association, Grant's Municipal Finance, Information Management Network, the National Association of Bond Lawyers, the National Association of Health and Educational Facilities Finance Authorities, the National Council of State Housing Agencies, the Northwestern University Tax Law and Sports Law societies, Performance Trust Investment Advisors, the US Conference on Municipal Reinvestment, Women in Public Finance—Chicago Chapter, and numerous governmental bodies and banking firms. He has been widely quoted in the media, including American City and County, Bloomberg.com, Debtwire, Grant's Municipal Finance, Engineering News-Record, Modern Healthcare, Project Finance, Reuters International Financing Review, Tax Notes, The Exempt Organization Tax Review and The Bond Buyer. In addition, he is acknowledged in the article "Tax-Exempt Bonds and Municipal Telecom Facilities: A Modest Proposal (or Two)" (Journal of Municipal Telecommunications Policy, Winter 2006), The Fundamentals of Municipal Bonds, Fifth Edition (2001) and The Stadium Game, Second Edition (2001). Milton has published on tax-exempt finance topics in Infrastructure Finance, The Exempt Organization Tax Review and The Tax Lawyer.

Milton and his wife were the 2017 recipients of the "What's Possible" award of the Jewish Child & Family Service of Chicago for their work in envisioning and implementing supported living arrangements for persons with disabilities. Milton serves as the Chicago chair of the firm's Pro Bono Committee and was the first partner recipient of the firm's annual Pro Bono Service Award. He is a founder of Keshet, a parent organization for persons with disabilities, and was a recipient of its "Guardian of Hope" award.  He presented on the topic of "Keeping the Faith: Religious Challenges Posed By the Practice of Law," sponsored by an interfaith consortium of Northwestern University Law School religious students associations, and is acknowledged for his contribution to the book The Fate of Holocaust Memories: Transmission and Family Dialogues by Chaya H. Roth.

Shown below is a selection of Milton’s engagements.

Recognition

Super Lawyers, Illinois, 2005–2006, 2009, 2012

Leading Lawyers Network

Leading Lawyers Network, 2003–2013, 2018

Who's Who in America

Who's Who in America

Who's Who in American Law

Who's Who in American Law

Who's Who in the Midwest

Who's Who in the Midwest
Katten Muchin Rosenman LLP Pro Bono Service Award

Jewish Child & Family Service of Chicago

Jewish Child & Family Service of Chicago, Milton and Laurie Wakschlag
Recipients of the 2017 “What’s Possible” Award
Presentations
April 2018
Panelist | Navigating the Post-Tax Reform Municipal Market | Women in Public Finance—Chicago Chapter | Chicago, Illinois
February 2018
Presenter | Tax Reform and Its Impact on the Municipal Bond Market | Assured Guaranty Client Seminar
September 11, 2015
Panelist | Private Activity Bond Tests (Advanced) | National Bond Attorneys Workshop of the National Association of Bond Lawyers | Chicago, Illinois
Milton S. Wakschlag

Education

  • LLM, DePaul University
  • JD, The University of Chicago Law School
  • BA, Loyola University Chicago

Bar Admissions

  • Illinois

Recognition

Super Lawyers
Illinois, 2005–2006, 2009, 2012

Leading Lawyers Network

2003–2013, 2018

Who's Who in America

Who's Who in American Law

Who's Who in the Midwest

Katten Muchin Rosenman LLP Pro Bono Service Award

Jewish Child & Family Service of Chicago

Milton and Laurie Wakschlag
Recipients of the 2017 “What’s Possible” Award
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Memberships

  • American Bar Association
  • National Association of Bond Lawyers
  • Council of Development Finance Agencies
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