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educational agency that established the

contribution. (If more than 5 donors,

Privacy Act and Paperwork Reduction

qualified zone academy has received

attach a schedule.)

Act Notice. We ask for the information

such written commitments, check “Yes.”

on this form to carry out the Internal

Schedule D. Qualified

Line 9. A QZAB must be designated as

Revenue laws of the United States. You

such by the issuing state or local

School Construction

are required to give us the information.

government within the jurisdiction where

We need it to ensure that you are

Bonds (QSCBs) Under

the school is located. If these bonds have

complying with these laws. Section 6109

been designated as QZABs, check “Yes.”

requires paid preparers to provide their

Sections 54A and 54F

See section 54E(a)(3) for more

identifying number.

information.

Part I— Use of Proceeds

You are not required to provide the

Line 10. Write in the name of the local

information requested on a form that is

Line 1. An Indian school is a school

education agency. Failure to provide the

subject to the Paperwork Reduction Act

funded by the Bureau of Indian Affairs.

name of the eligible education agency

unless the form displays a valid OMB

may result in a delay in processing the

Line 3. A QSCB must be designated as

control number. Books or records relating

return.

such by the issuing state or local

to a form or its instructions must be

government. See section 54F(a). If these

retained as long as their contents may

Part II—Description of the

bonds have been designated as QSCBs,

become material in the administration of

Private Business Contribution

check “Yes.”

any Internal Revenue law. Generally, tax

returns and return information are

Lines 1 through 4. Qualified private

Part II

confidential, as required by section 6103.

business contributions under section

For IRS use only. Do not make an entry in

54E(d)(4) are: (a) equipment for use in

The time needed to complete and file

line 1.

the qualified zone academy (including

this form will vary depending on individual

Part III— Issuer Information

state-of-the-art technology and vocational

circumstances. The estimated average

equipment); (b) technical assistance in

time is:

Line 1. If the issuer is not the local

developing curriculum or in training

education agency in the jurisdiction of

Recordkeeping . . . . . . . . .

21 hr., 3 min.

teachers in order to promote appropriate

Learning about the law or the

which the public school facility for which

market driven technology in the

form . . . . . . . . . . . . . . . . .

2 hr., 25 min.

the proceeds will be used is located, enter

classroom; (c) services of employees as

Preparing, copying,

the name of such local education agency.

volunteer mentors; (d) internships, field

assembling, and sending the

If the issuer is issuing bonds for more

trips, or other educational opportunities

form to the IRS . . . . . . . . . .

5 hr., 16 min.

than one local educational agency, attach

outside the academy for students; or (e)

a schedule listing the names of, and

any other property or service specified by

If you have comments concerning the

amount of bonds for, each such local

the eligible local education agency. List

accuracy of these time estimates or

education agency.

the value of the dollar amount of each

suggestions for making this form simpler,

Line 2. If the issuer issued the bonds

private contribution on the corresponding

we would be happy to hear from you. You

based on a volume cap allocation

line.

can write to the Internal Revenue Service,

received by another authorized entity

Tax Products Coordinating Committee,

Line 5. For items not listed in lines 1

(that allocated volume cap to the issue),

SE:W:CAR:MP:T:T:SP, 1111 Constitution

through 4, enter the value of the amount

provide the name of such authorized

Ave. NW, IR-6526, Washington, DC

contributed on line 5 and provide a

entity. If more than one authorized entity

20224. Do not send the form to this

description of such contribution.

allocated volume cap to the bond issue,

address. Instead, see Where To File on

Part III—Private Business

attach a schedule listing the names of,

page 1.

Contributor

and amount of bonds for, each such

authorized entity.

Lines 1 through 5. Enter the name and

EIN of the donor of the private business

-6-

Instructions For Form 8038-Tc - Information Return For Tax Credit Bonds And Specified Tax Credit Bonds Page 6

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