26 CFR § 1.145-1 - Qualified 501(c)(3) bonds.

(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]