§ 1.145-1. Qualified 501(c)(3) bonds.
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/us/cfr/t26/s§ 1.145-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Overview. Interest on a private activity bond is not excludable from gross income under section 103(a) unless the bond is a qualified bond. Under section 141(e)(1)(G), a qualified 501(c)(3) bond issued under section 145 is a qualified bond. Under section 145, a qualified 501(c)(3) bond is any bond issued as a part of an issue that satisfies the requirements of sections 145(a) through (d).
(b)Scope. Sections 1.145-0 through 1.145-2 apply for purposes of section 145(a).
(c)Effective dates. For effective dates of §§ 1.145-0 through 1.145-2, see § 1.141-15. [T.D. 8712, 62 FR 2303, Jan. 16, 1997]
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§ 1.145-1
Qualified 501(c)(3) bonds.
Treas. Dec.T.D. 8712
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