Overview Experience Events News Intelligence Michael G. Bailey Partner mbailey foley.com Download vCard Michael G. Bailey is a partner and business lawyer with Foley & Lardner LLP. Mr. Bailey’s practice focuses on tax-advantaged financing, including tax-exempt financing and tax credit transactions. He also focuses on development of tax compliance policies and procedures, energy tax issues, exempt organization tax issues and other federal and state income tax matters. His tax controversy practice focuses on tax-advantaged financing transactions and exempt organization matters. Mr. Bailey is chair of the firm’s Health Care Finance Practice and a member of the firm’s Taxation, Finance & Financial Institutions, and Public Finance Practices. He is also a member of the Health Care Industry and Energy Industry Teams. Mr. Bailey joined the firm from the Internal Revenue Service, where he served as Counsel to the Assistant Chief Counsel for Financial Institutions and Products. At the IRS he played a key role in numerous projects involving taxation of financial products. He was one of the principal authors of the major federal income tax regulations concerning tax-exempt bonds, including the arbitrage regulations and the private activity bond regulations, and reviewed or authored most other administrative guidance issued by the IRS on tax-exempt bonds from 1990 through 1997, including published rulings, private letter rulings, and technical advice memoranda. He also played a key role in developing the IRS compliance program for tax-exempt bonds. Thought Leadership Mr. Bailey is a frequent speaker on matters relating to taxation of financial products and transactions. Affiliations Mr. Bailey is immediate past chair of the Internal Revenue Service Advisory Committee on Tax Exempt and Government Entities. He is also past chair of the Tax Exempt Financing Committee of the Section of Taxation of the American Bar Association. Recognition In 2011, the Legal 500 recognized Mr. Bailey for his work in domestic tax. He has also been recognized for his work in public finance law by Best Lawyers in America© since 2013.* Education Mr. Bailey earned his J.D. degree from the University of Chicago Law School in 1981, and received his bachelor's degree, with high honors, from Stanford University in 1977. * The Illinois Supreme Court does not recognize certifications of specialties in the practice of law and no certificate, award or recognition is a requirement to practice law in Illinois.