Treasury Regulations (26 C.F.R.)

26 CFR § 1.147(b)-1 — (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.

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

Last amended: 2026-04-13