1. LawStack
  2. Title 26 - Internal Revenue
  3. Subchapter A - INCOME TAX
  4. Part 1 - INCOME TAXES
  5. Topic - Tax Exemption Requirements for State and Local Bonds
  6. 26 CFR § 1.147(b)-1
26 CFR § 1.147(b)-1
Bond maturity limitation-treatment of working capital
June 25, 2020
CFR

Section 147(b) does not apply to proceeds of a private activity bond issue used to finance working capital expenditures.

[T.D. 8476, 58 FR 33515, June 18, 1993]

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§ 1.147-2 Remedial actions
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§ 1.147(f)-1 Public approval of private activity bonds

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