ITG FAQ # 11 Answer-Are there any information reporting requirements applicable to tax-exempt bonds issued by tribal governments?
Yes. Tribal governments issuing tax-exempt bonds to finance an essential governmental function must file either Form 8038-G, Information Return for Tax-Exempt Governmental Obligations, or Form 8038-GC, Information Return for Small Tax-Exempt Governmental Bond Issues, Leases, and Installment Sales. Tribal governments issuing tax-exempt bonds to finance qualified manufacturing facilities must file Form 8038, Information Return for Tax-Exempt Private Activity Bond Issues. Additionally, tribal governments may need to periodically file Form 8038-T, Arbitrage Rebate and Penalty in Lieu of Arbitrage Rebate, and Form 8038-R, Request for Recovery of Overpayments Under Arbitrage Rebate Provisions, for matters related to the arbitrage and rebate requirements under Section 148. See Publication 3755, Tax Exempt Bonds – Filing Requirements, for more information about the filing requirements for these forms.
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