Form 8038, Information Return for Tax-Exempt Private Activity Bond Issues, Form 8038-G, Information Return for Tax-Exempt Governmental Obligation, and Form 8038-GC, Information Return for
ICR 201007-1545-059 · OMB 1545-0720 · Historical Active
⚠️ Notice: This information collection may be outdated. More recent filings for OMB 1545-0720 can be found here:
Form 8038, Information Return for Tax-Exempt Private Activity Bond Issues, Form 8038-G, Information Return for Tax-Exempt Governmental Obligation, and Form 8038-GC, Information Return for
Issuers of state or local bonds must comply with certain information reporting requirements contained in Internal Revenue Code section 149 to qualify for tax exemption. The information must be reported by the issuers about bonds issued by them during each preceding calendar quarter. Forms 8038, 8038ÂG, and 8038ÂGC are used to provide the IRS with the information required by Code section 149 and to monitor the requirements of Code sections 141 through 150.
An increase of 13,680 burden hours is attributable to an adjustment made to the 8038-GC burden. There appears to have been an accounting error in the previous submission(s). An adjustment was made to reconcile this, and bring the burden reported in the ICR consistent with the Arthur D. Little computation.
$7,051
No
No
No
Uncollected
No
Uncollected
Esther Woodworth 202 622-3090
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.