Thomas J. Korge
After earning a law degree and a master of tax law degree, Tom Korge began his legal career as a legislative assistant to The Honorable Dante B. Fascell, United States House of Representatives, and a law clerk to The Honorable Norman O. Tietjens, United States Tax Court. In 1979, Tom joined the Washington office of the law firm Baker Botts LLP and returned to his hometown of Miami in 1988.
Tom specializes in tax, business, and company law, real estate development, mergers & acquisitions, public charities, private foundations, municipalities and other non-profit entities, complex financial transactions, estate planning, trusts and fiduciaries, and complex litigation and appeals. He also teaches federal income tax law at the University of Miami School of Law.
During his career, Mr. Korge has handled a wide variety of transactions. Representative transactions include: $22,000,000 The City of Miami, Florida, Special Obligation Non-Ad Valorem Bonds, Series 1995 (Administration Building Acquisition Project); $182,695,000 Dade County, Florida, Resource Recovery Facility Refunding Revenue Bonds, Series 1996; $72,000,000 The City of Miami, Florida, Special Obligation Non-Ad Valorem Bonds, Taxable Pension Series 1995 and Taxable Compensated Absence Series 1995; acquisition by merger of AMSI Holding, Inc., by Crothal Services Group April 15, 1999; stock acquisition of Medical Business Service, Inc., by Zotec Partners, LLC, September 7, 2011; and asset acquisition of Transit Plus, Inc., by Creative Bus Sales, Inc., March 19, 2012.
In addition to his transactional practice, Mr. Korge has successfully litigated a variety of complex, high profile cases. In McGrath v. City of Miami, 789 So.2d 1168 (Fla. 3d DCA 2001), aff’d 824 So.2d 143 (Fla. 2002), as lead class counsel Mr. Korge successfully challenged the constitutional validity of the City of Miami’s Parking Surcharge, resulting in a $14 million class action settlement after the Florida Supreme Court overturned the tax. Some other reported cases include Southeastern Staffing Services, Inc. v. Fla. Dept. of Ins., 728 So.2d 248 (Fla. 1st DCA 1998), appeal dismissed, 766 So.2d 223 (Fla. 2000), upholding the constitutional and statutory authority of the Florida Department of Insurance to assess members of insolvent groups self-insurance funds for future loss reserves; Super Transport, Inc. v. Fla. Dept. of Ins., 799 So.2d 286 (Fla. 1st DCA 2001), rev. denied 821 So.2d 302 (2002), affirming $50 million verdict in favor of the Florida Department of Insurance; and City of Coral Gables v. Applied Digital Programming Technologies, Inc., et al., (11th Cir. Court, Fla. 2007), providing injunctive relief for Coral Gables to obtain access to technology withheld upon the City’s termination of its contract with the defendant.
Co-Author, “Distinguishing Deductible Repairs from Capitalized Improvements: An Exceptions Approach to the New Repair Regulations,” 48 Akron Law Review No. 3 (2015)
Author, “Debt or Equity Financing of Foreign Investment in the United States,” 23 Tax Planning Inter. Rev. 11 (1996)
Co-Author, “The Windfall Profit Tax: A Primer on the Net Income Limitation,” 23 Oil & Gas Tax Q. 441 (1986)
Co-Author, “The Windfall Profit Tax — A Complex New Regulatory Structure Atop Crude Oil Price Controls,” 26 Rocky Mtn. Min. L. Inst. 623 (1980)
Author, “When Corporate Stock Is Not A Capital Asset: Corn Products Revisited,” 64 American Bar Association Journal 1925 (1978)
Civic and Professional
Adjunct Professor, University of Miami School of Law
“AV” rating from Martindale-Hubbell Law Directory
City of Coral Gables Charter Review Committee (2016)
City of Coral Gables Planning and Zoning Board (2003 – 2011, chairman 2004 – 2011)
City of Coral Gables Retirement System Board (vice chairman, 1999 – 2001, chairman 2001 – 2003)
Past President and Current Board Member, Coconut Grove Arts Festival
Board Member, University of Florida Regional Council
Past Board Member, Catholic Charities of the Archdiocese of Miami
Past Board Member, Boystown of Florida
1992 World Congress of Junior Chamber International
Board Member, Coconut Grove Junior Chamber Foundation, Inc.
Who’s Who in the East (21st Edition)
Who’s Who of Emerging Leaders in America (1st Edition)