Patent ID: 8799117

Claim:
A computer-implemented system for facilitating post-issuance tax compliance to maintain a tax exempt status for tax-exempt municipal bonds that have initially qualified for the tax-exempt status, the system comprising: at least one computer memory device that receives and stores at least: calculation rules relating to compliance with one or more rules that govern maintenance of a tax-exempt status of a tax-exempt municipal bond issue, wherein compliance with the one or more rules is required to maintain the tax-exempt status after the tax-exempt municipal bond issue has initially qualified for the tax-exempt status; and one or more computer microprocessing devices programmed by one or more computer program instructions to: obtain information regarding the actual use of proceeds of the tax-exempt municipal bond issue, including a private business use of the proceeds, perform one or more calculations, after the tax-exempt municipal bond issue has initially qualified for the tax-exempt status, using at least the calculation rules and the information regarding the actual use of the proceeds, and determine and indicate whether the tax-exempt status of the tax-exempt municipal bond issue is maintained based on the one or more calculations.