Form 8038-CP, Return for Credit Payments to Issuers of Qualified Bonds

Form 8038-CP, Return for Credit Payments to Issuers of Qualified Bonds, will be used to make direct payments to State and local governments. The American Recovery and Reinvestment Act of 2009, P.L. 111-5, provides State and local governments with the option of issuing a tax credit bond instead of a tax-exempt governmental obligation bond. The bill gives State and local governments the option to receive a direct payment from the Federal government equal to a subsidy that would have been received through the Federal tax credit for bonds.

The latest form for Form 8038-CP, Return for Credit Payments to Issuers of Qualified Bonds expires 2022-08-31 and can be found here.