Schools that issued tax credit bonds before December 22, 2017 must annually complete and file Form 1097-BTC with the IRS. For tax year 2019, Form 1097-BTC must be filed by mail by February 28, 2020, or filed electronically by March 31, 2020.
Tax credit bonds differ from conventional school bonds because the bond purchaser receives a tax credit in lieu of, or in addition to, periodic interest payments. For schools, tax credit bonds were typically issued as either a Qualified School...