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    1. Home
    2. People
    3. Bruce M. Serchuk

      People
    1. Home
    2. People
    3. Bruce M. Serchuk

      People

    Bruce M. Serchuk

    Partner


    • Washington, DC
    • Office+1 202.585.8267
    • bserchuk@nixonpeabody.com
    • Download vCard

    Introduction

    Bruce Serchuk focuses his practice on tax issues as they relate to debt securities, particularly tax-exempt bonds.

    Practice Areas

    Public FinanceEnergy Project FinanceTaxOpportunity ZonesEconomic Development BondsTax Services (including Arbitrage)Healthcare Finance

    Industries

    Renewable Energy

    /My focus

    Public finance

    I advise clients regarding the tax aspects of tax-exempt bond transactions, acting primarily as bond counsel, borrower’s counsel and underwriter’s counsel. I have participated in a wide variety of bond transactions, including financings for governmental facilities, student loans, multifamily housing, stadiums and nonprofit hospitals, universities and cultural institutions. I also spend a significant amount of time working on IRS examinations and voluntary closing agreements.

    Government experience

    My time in government gave me the experience needed to provide accurate and practical advice to clients. Prior to joining the firm, I worked in the Office of Tax Policy at the Treasury Department, and the Office of the Chief Counsel at the Internal Revenue Service. At Treasury, I was an attorney-advisor responsible for drafting published guidance and providing advice regarding legislative issues relating to tax-exempt bonds. While at the IRS, I was the senior technician attorney in the Tax-Exempt Bond Branch, responsible for drafting published guidance and for drafting and reviewing private letter rulings and technical advice memoranda, including rulings regarding arbitrage, private activity bonds and mixed-use allocations.

    Enforcement

    While at the IRS, I provided advice in connection with various enforcement matters, negotiated closing agreements and trained IRS audit personnel. I draw upon these experiences and the contacts I made when clients are faced with IRS examinations or the need to self-correct violations through the IRS’ voluntary closing agreement program.

    /Looking ahead

    I expect a continued emphasis on the IRS enforcement side of the public finance practice, with more and more time spent by issuers and their professionals on ensuring they are in compliance with the tax law.

    /Insights

    • Co-author, “The Coming Changes in Tax-Exempt Health Care Finance,” Journal of Health Care Finance, Volume 22:1, 1995

    /In the news

    • The Bond Buyer

      New York City Water will flow back to the market with refunding

      This article mentions NP for serving as co-counsel in the New York City Municipal Water Finance Authority’s $600 million bond refunding deal. The NP team includes New York City partner and Project Finance & Public Finance practice group leader Virginia Wong, Washington, DC partner Bruce Serchuk, and New York City senior counsel Ken Lind, counsel Abbie Olsen, counsel Sebastian Torres, and associate Greg Hom, all of the PBFN group.

      March 24, 2025
    • Phoenix Business Journal

      Grand Canyon University completes $520 million bond refinance

      This article covers a $520 million refinancing for Grand Canyon University through the Industrial Development Authority of the County of Maricopa Education Bonds. NP is mentioned in the coverage for serving as counsel to Goldman Sachs in connection with the GCU bonds. The NP team was led by Los Angeles Project Finance & Public Finance partner Dan Deaton, and included PBFN partner Bruce Serchuk of Washington, DC and associates Georgia Sackey and Kate Stack of New York City, and Washington, DC Corporate partner Lloyd Spencer.

      Dec 12, 2024
    • AZ Big Media

      Colliers arranges $520 million refinancing for GCU

      This article covers a $520 million refinancing for Grand Canyon University through the Industrial Development Authority of the County of Maricopa Education Bonds. NP is mentioned in the coverage for serving as counsel to Goldman Sachs in connection with the GCU bonds. The NP team was led by Los Angeles Project Finance & Public Finance partner Dan Deaton, and included PBFN partner Bruce Serchuk of Washington, DC and associates Georgia Sackey and Kate Stack of New York City, and Washington, DC Corporate partner Lloyd Spencer.

      Dec 10, 2024
    • The Bond Buyer

      Unrated bonds latest to fund growth of Florida’s Villages senior development

      This article on an unrated $163 million land development bond for The Village Community Development District No. 15, which will fund residential infrastructure construction, mentions NP as co-bond counsel. The NP team advising on the bond deal includes Washington, DC Project Finance & Public Finance partners Bruce Serchuk and Carla Young.

      Aug 29, 2024
    • Bond Buyer

      New York State Thruway Authority sets $2.2 billion sale of PIT bonds

      This article on the New York State Thruway Authority’s planned sale of $2.2 billion of personal income tax bonds mentions NP as co-bond counsel. The NP team advising on the bond sale includes New York City partners Chris Reitzel and Adam Gordon, counsel Abbie Olsen, and associates Georgia Sackey and Kate Stack; Rochester partner Barry Carrigan; Washington, DC partners Bruce Serchuk and Joel Swearingen; and Albany counsel Jeff Pohl, all of the Project Finance & Public Finance practice.
      July 11, 2022
    • The Bond Buyer

      New York State's over $2.1 PIT bond sale should see demand, analysts say

      This article mentions the firm as co-bond counsel to Empire State Development Corporation’s scheduled issuance of PIT bonds on behalf of New York State in a competitive deal to fund capital projects, for the work by New York City partner Chris Reitzel, counsel Abbie Olsen and associates Adam Gordon and Kate Stack, and Washington, D.C. partner Bruce Serchuk and associate Joel Swearingen, all in the Project Finance & Public Finance group.
      Dec 14, 2020
    • The Bond Buyer

      DASNY sells over $2.5B of PIT bonds; munis unchanged in face of large supply

      This article on the state of the municipal bond market covers the Dormitory Authority of the State of New York’s sale of almost $2.5 billion of personal income tax receipt bonds. The firm is mentioned as bond counsel for the work by New York partners Chris Reitzel and Virginia Wong, and associates Adam Gordon and Kate Stack; Albany counsel Jeff Pohl; and Washington, D.C. partner Bruce Serchuk and associate Joel Swearingen, all of the Project Finance & Public Finance group.
      Oct 8, 2020
    • The Bond Buyer

      IRS acknowledges some bond audits are erroneously selected

      This article recaps the recent National Association of Bond Lawyers panel on bond audits. Washington, DC Project Finance and Public Finance partner Bruce Serchuk, who served as the panel’s moderator, is quoted discussing best practices on when to send documents to the IRS.
      March 11, 2019
    • Law360

      New remedial actions for tax-advantaged bonds and P3s

      Nixon Peabody public finance partners Travis Gibbs of San Francisco and Mitch Rappaport, Bruce Serchuk and Carla Young of Washington DC co-wrote this analysis on the new IRS procedures that can be used “to cure impermissible use of bond-financed projects.”
      April 20, 2018

    /Admitted to practice

    District of Columbia
    New York

    /Education

    George Mason University School of Law, J.D.
    Lehigh University, College of Business and Economics, B.S. Bu., Accounting

    /Recognition

    • Selected, through a peer-review survey, for inclusion in The Best Lawyers in America® 2025 in the field of Public Finance Law. Bruce has been listed in Best Lawyers since 2010.
    • Recognized for exceptional standing in the legal community in Chambers USA: America’s Leading Lawyers for Business 2024 for Public Finance (District of Columbia).

    Insights And Happenings

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    • Press Release

      Nixon Peabody advises Bond Buyer ‘Deal of the Year’ winners in four categories

      Dec 9, 2024
    • Press Release

      Nixon Peabody attorneys and practice areas recognized by Chambers USA for 2024

      June 6, 2024
    • Alert

      IRS provides relief for municipal bond issuers in response to COVID-19 pandemic

      May 7, 2020
    View All

    Professionals in the Practice Area

    View All
    • Virginia Wong

      Partner / Practice Group Leader, Project Finance & Public Finance
      • New York City
      • Office:+1 212.940.3028
      • vwong@nixonpeabody.com
      Virginia Wong
    • Julie K. Seymour

      Partner / Lateral Recruiting Partner
      • Chicago
      • Office:+1 312.977.4353
      • jkseymour@nixonpeabody.com
      Julie K. Seymour
    • Daniel M. Deaton

      Partner
      • Los Angeles
      • Office:+1 213.629.6050
      • ddeaton@nixonpeabody.com
      Daniel M. Deaton
    • Scott R. Singer

      Partner
      • New York City
      • Office:+1 212.940.3182
        Mobile:+1 917.886.5967
      • ssinger@nixonpeabody.com
      Scott R. Singer
    • Jade E. Turner-Bond

      Partner
      • Los Angeles
      • Office:+1 213.629.6141
      • jturnerbond@nixonpeabody.com
      Jade E. Turner-Bond
    View All

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