The Internal Revenue Service and the Treasury Department have requested public comments on Form 8038-CP, which is used for credit payments to issuers of qualified tax-credit bonds, such as Build America Bonds and recovery zone economic development bonds.

The form was created to carry out provisions of the American Recovery and Reinvestment Act of 2009. It provides state and local governments with the option of issuing a tax-credit bond instead of a tax-exempt governmental obligation bond.

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