Logo for print Skip to main content
Toggle navigation MENU MORE

About Brian

Brian Teaff has a multifaceted tax practice, advising clients in connection with tax-exempt financings and other business transactions in the public finance area, as well as counseling public charities, private foundations and high-net worth individuals on a wide range of tax planning and compliance matters. In his public finance practice, Brian serves as tax counsel on governmental and conduit financings where he works with issuers and borrowers to structure the issuance of tax-advantaged obligations. His clients include various types of governmental entities, such as cities, counties, school districts, hospital districts, community colleges and state universities, and economic development corporations, as well as tax-exempt organizations and private companies who seek to lower their borrowing costs by accessing the tax-exempt bond market. Brian also assists issuers and borrowers with post-issuance compliance matters, such as managing private business use, taking remedial actions and reviewing and drafting management contracts. Additionally, Brian helps clients navigate the examination process in the event of an Internal Revenue Service (IRS) audit.

In his tax-exempt organizations practice, Brian routinely advises hospitals and other health care organizations, colleges and universities, independent and parochial schools, charter schools, museums, advocacy groups, grant-making foundations and other nonprofit organizations with respect to the myriad of tax and board governance issues they face on a daily basis. Brian also has experience representing domestic and foreign individuals with respect to their estate, business succession and philanthropic planning.

Actively involved in the tax community, Brian has served as the chairman of the Tax Section of the Houston Bar Association and as chairman of the General Tax Issues Committee of the State Bar of Texas, Tax Section, and as vice chairman of the Tax-Exempt Finance Committee of the State Bar of Texas, Tax Section, in addition to presenting on a wide range of public finance and tax-exempt organization topics to various trade groups and associations.

Experience

Recent Notable Matters

Aldine Independent School District — tax counsel to issuer in connection with $101.05 million of Unlimited Tax Refunding Bonds, Series 2017

Corpus Christi Independent School District — tax counsel to issuer in connection with $96.335 million of Unlimited Tax Refunding Bonds, Series 2016

Cypress-Fairbanks Independent School District — tax counsel to issuer in connection with  $446.1 million of Unlimited Tax School Building and Refunding Bonds, Series 2016

Dallas Independent School District — tax counsel to issuer in connection with  $305.785 million of Unlimited Tax School Building Bonds, Series 2016A and $266.445 million of Multi-Modal Unlimited Tax School Building Bonds, Series 2016B-1, Series 2016B-2, Series 2016B-3, Series 2016B-4, Series 2016B-5, and Series 2016B-6

Houston Community College System — tax counsel to issuer in connection with $19.455 million of Limited Tax Refunding Bonds, Series 2016, $28.87 million of Maintenance Tax Refunding Bonds, Series 2016, and $50.345 million of Combined Fee Revenue Refunding Bonds, Series 2016

Humble Independent School District — tax counsel to issuer in connection with $43.45 million of Unlimited Tax School Building Bonds, Series 2016A (PSF), $142.175 million of Unlimited Tax Refunding Bonds, Series 2016B (PSF), and $86.12 million Unlimited Tax Refunding Bonds, Series 2016C (Non-PSF)

Klein Independent School District — tax counsel to issuer in connection with $145.89 million of Unlimited Tax Schoolhouse Bonds, Series 2017

Lone Star College System — tax counsel to issuer in connection with $133.015 million of Limited Tax General Obligation Bonds, Series 2017A

Spring Independent School District — tax counsel to issuer in connection with $198.715 of Unlimited Tax School Building Bonds, Series 2017

Bexar County, Texas — tax counsel to issuer in connection with $101.7 million of Flood Control Tax Refunding Bonds, Series 2016, $93.28 million of Combination Tax and Revenue Certificates of Obligation, Series 2016A and $20.33 million of Combination Tax and Revenue Certificates of Obligation, Series 2016B

Dallas County, Texas — tax counsel to issuer in connection with $167.9 million of Combination Tax and Parking Garage Revenue Certificates of Obligation, Series 2016

Travis County, Texas — tax counsel to issuer in connection with $42.095 million of Certificates of Obligation, Series 2016, $25.11 million of Unlimited Tax Road Bonds, Series 2016, $14.03 million of State Highway System Bonds, Series 2016, $8.875 million of Permanent Improvement Bonds, Series 2016, and $93.01 million of Limited Tax Refunding Bonds, Series 2016A

Houston Methodist Hospital — tax counsel in connection with the issuance of the $300 million of Harris County Cultural Education Facilities Finance Corporation Revenue Bonds (Houston Methodist Hospital), Series 2015

Texas Children’s Hospital — tax counsel in connection with the issuance of $195.72 million of Harris County Cultural Education Facilities Finance Corporation Hospital Revenue Bonds (Texas Children’s Hospital), Series 2015-1, $50 million of Harris County Cultural Education Facilities Finance Corporation Hospital Revenue Bonds (Texas Children’s Hospital), Series 2015-2, and $110 million of Harris County Cultural Education Facilities Finance Corporation Hospital Revenue Bonds (Texas Children’s Hospital), Series 2015-3

Texas Health Resources — tax counsel in connection with the issuance of the $631.105 million of Tarrant County Cultural Education Facilities Finance Corporation Texas Health Resources System Revenue Bonds, Series 2016A

Alamo Regional Mobility Authority — tax counsel to issuer in connection with $62.105 million of Senior Lien Vehicle Registration Fee Revenue Bonds and $52.32 million of Junior Lien Vehicle Registration Fee Revenue Bonds, Series 2016

Central Texas Regional Mobility Authority — tax counsel to issuer in connection with $74.69 million of Subordinate Lien Revenue Refunding Bonds, Series 2016

Fort Bend County, Texas — tax counsel to issuer in connection with $64.44 million of Senior Lien Toll Road Revenue Bonds, Series 2016

Texas Department of Housing and Community Affairs — tax counsel to issuer in connection with $29.5 million of Multifamily Notes (Mercantile Apartments Project), Series 2016

Houston Housing Finance Corporation — tax counsel to issuer in connection with  $17.5 million of Multifamily Housing Revenue Bonds (New Hope Housing at Reed), Series 2016

Mission Economic Development Corporation — tax counsel to issuer in connection with $50 million of Senior Lien Revenue Bonds (Natgasoline Project), Series 2016A and $202.885 million of Senior Lien Revenue Bonds (Natgasoline Project), Series 2016B

Private Placements — tax counsel to issuers and borrowers related to the private placement of tax-exempt obligations related to governmental issuers, exempt organizations (health care, educational and civic), and multifamily housing developments

Public charities and private foundations — guidance with respect to the creation, funding and maintenance of private foundations, public charities and endowment funds, including providing tax advice with respect to relevant excise taxes and unrelated business taxable income issues

Tax-exempt health care organizations — structuring Accountable Care Organizations and maintaining compliance with other rules and regulations enacted as part of the Affordable Care Act, including Internal Revenue Code Section 501(r)

Private and parochial high schools — review and updating of organizational documents; creation of policies related to fundraising, gift-acceptance, and naming rights; advice in connection with fundraising activities

Publications and Speeches

"New Issue Price Regulations : The Good , the Bad and the Ugly," The Bond Buyer, February 8, 2017.

“Management Contracts Safe Harbors Revisited – IRS Releases Updated Guidance (Again),” The Bond Buyer, January 2017.

“Final Issue Price Regulations Significantly Change Current Rules,” The Bond Buyer, December 2016.

“Navigating the Waters of Noncash Contribution – Tips Regarding Gift Policies, Agreements, and Tax Receipts,” Independent School Association of the Southwest, Advancement Conference, April, 2016.

“IRS Takes Another Stab at Proposed Issue Price Regulations – A Step in the Right Direction, but Practical Questions Remain,” Texas Tax Lawyer, Fall 2015.

“Commentary: Simplified Settlement Procedures for Issuers of 501(c)(3) Bonds,” The Bond Buyer, January 2015.

“Board and Governance Issues for Nonprofits,” Nonprofit Law Institute, September 16, 2014.

“Portability and Life Insurance,” Northwestern Mutual Training Seminar, February 20, 2014.

“Bypass Trusts: Obsolete Bygones or Too Good to Pass Up?,” Estate Planning Magazine, November 2013.

“FLP Transferability Restrictions: How They Impact the Next Generation,” Trusts & Estates Magazine, September 2013.

“The Personal Side of Your Client’s Business: Key Value-Added Considerations for your Business Client Concerning their Personal Estate Planning,” Bracewell CLE Program, February 7, 2013.

“At Last, Permanent Wealth Transfer Tax Laws,” Law360, January 2013.

“Fiscal Cliff Not the Only Worry After the New Year – For Some,” Texas Real Estate Update, Sage Group, November 2012.

“Estate Planning Considerations for 2012 and Beyond,” Houston Bar Association, 2012 Wills and Probate Institute, Advanced Course, February 2012.

Credentials

Education

New York University School of Law,
LL.M., Taxation
2009
California Western School of Law,
J.D.
2008
magna cum laude
University of San Diego,
Bachelor of Arts
2003

Bar Admissions

Texas
California

Affiliations

State Bar of Texas
Tax Section, Tax-Exempt Finance Committee, Vice Chairman, 2017-2018; Tax Section, General Tax Committee, Chairman, 2016 - 2017
Houston Bar Association, Tax Section
Chair, 2015 - 2016; Chair-Elect, 2014 - 2015; Secretary, 2013 - 2014; Treasurer, 2012 - 2013
Houston Young Lawyers Association
Co-Chairman, 2013 - 2015; Co-Vice Chairman, 2011 - 2013; Leadership Academy, 2010 - 2011
California Bar Association
Honorable Order of Kentucky Colonels

News

News

Texas Super Lawyers Recognizes 23 Bracewell Attorneys

March 11, 2014
Super Lawyers, Thomson Reuters

Bypass Trusts: Obsolete Bygones or Too Good to Pass Up?

October 23, 2013
Estate Planning Journal

Knowledge Center

Noteworthy

Noteworthy

Thomson Reuters
Texas Super Lawyers
Rising Stars, 2013-2017
California Western School of Law
California Western Law Review
Associate Editor
California Western School of Law
California Western International Law Journal
Associate Editor

Events

Past Events

2014 Non-Profit Law Institute

Houston
September 16, 2014