Treasury Regulations (26 C.F.R.)
26 CFR § 1.149(b)-1
Federally guaranteed bonds.
# (a) General rule.
Under section 149(b) and this section, nothing in section 103(a) or in any other provision of law shall be construed to provide an exemption from Federal income tax for interest on any bond issued as part of an issue that is federally guaranteed.
# (b) Exceptions.
Pursuant to section 149(b)(3)(B), section 149(b)(1) and paragraph (a) of this section do not apply to—
(1) Investments in obligations issued pursuant to § 21B(d)(3) of the Federal Home Loan Bank Act, as amended by § 511 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, or any successor provision; or
(2) Any investments that are held in a refunding escrow (as defined in § 1.148-1).
# (c) Effective date.
This section applies to investments made after June 30, 1993.
[T.D. 8476, 58 FR 33548, June 18, 1993]
Source: view the official text
In this part (40 sections)
- 1.145-0 · Table of contents.
- 1.145-1 · Qualified 501(c)(3) bonds.
- 1.145-2 · Application of private activity bond regulations.
- 1.147-0 · Table of contents.
- 1.147-1 · Other requirements applicable to certain private activity…
- 1.147-2 · Remedial actions.
- 1.147(b)-1 · Bond maturity limitation-treatment of working capital.
- 1.147(f)-1 · Public approval of private activity bonds.
- 1.148-0 · Scope and table of contents.
- 1.148-1 · Definitions and elections.
- 1.148-2 · General arbitrage yield restriction rules.
- 1.148-3 · General arbitrage rebate rules.
- 1.148-4 · Yield on an issue of bonds.
- 1.148-5 · Yield and valuation of investments.
- 1.148-6 · General allocation and accounting rules.
- 1.148-7 · Spending exceptions to the rebate requirement.
- 1.148-8 · Small issuer exception to rebate requirement.
- 1.148-9 · Arbitrage rules for refunding issues.
- 1.148-10 · Anti-abuse rules and authority of Commissioner.
- 1.148-11 · Effective/applicability dates.
- 1.149(b)-1 · Federally guaranteed bonds.
- 1.149(d)-1 · Limitations on advance refundings.
- 1.149(e)-1 · Information reporting requirements for tax-exempt bonds.
- 1.149(g)-1 · Hedge bonds.
- 1.150-1 · Definitions.
- 1.150-2 · Proceeds of bonds used for reimbursement.
- 1.150-3 · Retirement standards for state and local bonds.
- 1.150-4 · Change in use of facilities financed with tax-exempt private…
- 1.150-5 · Filing notices and elections.
- 1.148-1A - 1.148-6A · §§ 1.148-1A-1.148-6A [Reserved]
- 1.148-9A - 1.148-10A · §§ 1.148-9A-1.148-10A [Reserved]
- 1.148-11A · Effective dates.
- 1.151-1 · Deductions for personal exemptions.
- 1.151-2 · Additional exemptions for dependents.
- 1.151-3 · Definitions.
- 1.151-4 · Amount of deduction for each exemption under section 151.
- 1.152-1 · General definition of a dependent.
- 1.152-2 · Rules relating to general definition of dependent.
- 1.152-3 · Multiple support agreements.
- 1.152-4 · Special rule for a child of divorced or separated parents or…