When shooting weapons of any kind at civilian houses on Tanoa, primarily those with white walls, This produces no bullet decals--which is very noticeable during a firefight against occupants. The decals help the shooter determine where their bullet is hitting and penetrating the wall.

I have found the behavior on the following structures (but there are certainly more I did not have a chance to test)

Land_House_Small_04_F
Land_Shop_City_07A_F
Land_House_Small_03_F
Land_House_Small_06_F