tax-exempt obligation

(3) Tax-exempt obligation The term “tax-exempt obligation” means any obligation if— (A) the interest on such obligation is not includible in gross income under section 103, or (B) the interest on such obligation is exempt from tax (without regard to the identity of the holder) under any other provision of law.

Source

26 USC § 1275(a)(3)


Scoping language

None identified. Default scope is assumed to be the entire title.
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