Information Return for Tax-Exempt Private Activity Bond Issues (Form 8038), Tax-Exempt Govt Obligation (Form 8038-G), and Small Tax-Exempt Govt Bond Issues, Leases, and Installment Sales (8038-GC)

Forms and Documents

Document Name	Status
Form 8038-GC 8038-GC - Information Return for Small Tax-Exempt Governmental Bond Issues, Leases, and Installment Sales Form and Instruction	Modified
Form 8038-G Form 8038-G - Information Return for Tax-Exempt Governmental Obligation Form	Modified
Form 8038 Form 8038, Information Return for Tax-Exempt Private Activity Bond Issues Form	Modified
Supporting Statement.doc Supporting Statement A	2016-11-29
Expiration Explanation.rtf Supplementary Document	2010-07-21

IC Document Collections

IC ID	Document Title	Status
190875	8038-GC - Information Return for Small Tax-Exempt Governmental Bond Issues, Leases, and Installment Sales Form and Instruction	Modified
190874	Form 8038-G - Information Return for Tax-Exempt Governmental Obligation Form	Modified
17334	Form 8038, Information Return for Tax-Exempt Private Activity Bond Issues Form	Modified

ICR Details

OMB Control No: 1545-0720	ICR Reference No: 201611-1545-039
Status: Historical Active	Previous ICR Reference No: 201309-1545-027
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Information Return for Tax-Exempt Private Activity Bond Issues (Form 8038), Tax-Exempt Govt Obligation (Form 8038-G), and Small Tax-Exempt Govt Bond Issues, Leases, and Installment Sales (8038-GC)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/03/2017
	Date Received in OIRA: 12/16/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2020	36 Months From Approved	03/31/2017
Responses	39,491	0	39,491
Time Burden (Hours)	845,394	0	845,394
Cost Burden (Dollars)	0	0	0

---

Abstract: 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, 8038-G, and 8038-GC 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.

---

Authorizing Statute(s): US Code: 26 USC 149(e) Name of Law: Information reporting.
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 70277	10/11/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 90921	12/15/2016
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
Form 8038, Information Return for Tax-Exempt Private Activity Bond Issues	8038	Information Return for Tax-Exempt Private Activity Bond Issues
8038-GC - Information Return for Small Tax-Exempt Governmental Bond Issues, Leases, and Installment Sales	8038-GC	Information Return for Small Tax-Exempt Governmental Bond Issues, Leases, and Installment Sales
Form 8038-G - Information Return for Tax-Exempt Governmental Obligation	8038-G	Information Return for Tax-Exempt Governmental Obligation

---

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	39,491	39,491	0	0	0	0
Annual Time Burden (Hours)	845,394	845,394	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

---

Annual Cost to Federal Government: $7,051

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

---

Common Form ICR:  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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 12/16/2016

---