Form 8038

Form 8038

An information return that the issuer of a tax-exempt private activity bond files with the IRS. The information required on the return includes what the bond is used for (airport, dock, sewage facility, etc.) and the proceeds of the issue.
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For Calendar Year 2011, issuers of recovery zone exempt facility bonds were required to file IRS Form 8038, Information Return for Tax-Exempt Private Activity Bonds.
* Form 8038, Form 8038-G, or Form 8038-GC filed with IRS;
[2] For this table, "other purposes" refer to obligations for which a specific purpose either did not apply or was not clearly indicated on the Form 8038, Information Return for Tax-Exempt Private Activity Bond Issues.
Confirmed submitters are those whose identities have been verified by another confirmed EMMA user or who have provided the MSRB with certain documentation such as a copy of IRS Form 8038 or a request for a confirmation (on the letterhead of the issuer or the obligated person).
For Calendar Year 2010, issuers of recovery zone exempt facility bonds were required to file IRS Form 8038, Information Return for Tax-Exempt Private Activity Bonds.
(4) Prior to June 2010, issuers of tax credit bonds were instructed to file Form 8038, Information Return for Tax- Exempt Private Activity Bond Issues.
For Calendar Year 2009, issuers of recovery zone exempt facility bonds were required to file IRS Form 8038, Information Return for Tax-Exempt Private Activity Bonds.
(13) Instructions for Form 8038, Information Return for Tax-Exempt Private Activity Bond Issues, requires a filer to enter the issue price of the bond on Line 20c and provide a description of the bond only if the bond does not apply to any other type of issue.
[1] These amounts were calculated using data reported on Part II of Form 8038 for those types of issue subject to the unified State volume cap, and include bonds issued for the following purposes: mass commuting facilities, water furnishing facilities, sewage facilities, solid waste disposal facilities, qualified residential rental projects, local electricity or gas furnishing facilities, local district heating or cooling facilities, qualified hazardous waste facilities, high-speed intercity rail facilities, qualified mortgage bonds, qualified small issue bonds, qualified student loan bonds, and qualified redevelopment bonds.
[16] Amounts subject to the volume cap were calculated using the data reported on Part II of Form 8038 for type of issue, prorated according to the percent of the issue that was new money.
[3] For return purposes of this table, "other bonds" refer to obligations for which a specific purpose either did not apply or was not clearly indicated on the Form 8038 NOTE.
A new grouping "Government Entities/Bonds" has now been added and includes: Form 8038, Information Return for Tax-Exempt Private Activity Bond Issues; Form 8038G, Information Return for Government Purpose Tax-Exempt Bond Issues; Form 8038GC, Consolidated Information Return for Small Tax-Exempt Government Bond Issues; Form 8038T, Arbitrage Rebate and Penalty in Lieu of Arbitrage Rebate; and Form 8328, Carry Forward Election of Unused Private Activity Bond Volume Cap.