Tax Credit Bonds

DAC provides issuers a cost effective system to support IRS requirements for all types of tax credit bonds: payment processing (timely preparation of Form 8038-CP), policy and procedures development and implementation, record retention in accordance with IRS guidelines, proof of proceeds expended worksheet, and trade report details populated by a direct feed from the MSRB's Real Time Transaction System.

The DAC program permits issuers to quickly and efficiently compute private business use for purposes of internal modeling as well as for IRS audit and IRS reporting requirements. The system also provides record retention of floor plans, leases and other agreements in a restricted access, digital vault that meets IRS guidelines.