CFR > Title 26 - Internal Revenue > CHAPTER I—INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY > SUBCHAPTER A—INCOME TAX (Parts 1–19) > PART 1—INCOME TAXES > 1.147(b)-1—Bond maturity limitation-treatment of working capital.

1.147(b)-1—Bond maturity limitation-treatment of working capital.

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

Code of Federal Regulations

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