 | United States - Law - 1965 - 1110 pages
...issued on discount basis. In the case of any obligation — (1) of the United States; or (2) of a State, a Territory, or a possession of the United States,...any political subdivision of any of the foregoing, or of the District of Columbia, Page 5130 year from the date of issue, the amount of discount at which... | |
 | United States. Tax Court - Law reports, digests, etc - 1967 - 786 pages
...(a) GENERAL RULE. — Gross Income does not Include Interest on — (1) the obligations of a State, a Territory, or a possession of the United States,...any political subdivision of any of the foregoing, or of the District of Columbia ; (2) the obligations of the United States ; or (8) the obligations... | |
 | Administrative law - 2001 - 808 pages
...1974] Pt. 13 PART 13— TEMPORARY INCOME TAX REGULATIONS UNDER THE TAX REFORM ACT OF 1969 Sec. 13.(M3.3 [Reserved] 13.4 Arbitrage bonds: temporary rules....term "securities" has the same meaning as in section 165(g)(2) (A) and (B). (3) Materially higher. For purposes of this section, the yield produced by acquired... | |
 | Administrative law - 1987 - 728 pages
...1970] §13.4 §§13.2—13.3 [Reserved] § 13.4 Arbitrage bonds; temporary rules. (a) In general— (I) Arbitrage bonds. Section 103(d)(l) provides that any...term "securities" has the same meaning as in section 165(g)(2) (A) and (B). (3) Materially higher. For purposes of this section, the yield produced by acquired... | |
 | Administrative law - 2000 - 816 pages
...103(d)(l) provides that any arbitrage bond (as such term is defined in Internal Revenue Service, Treasury section 103(d)(2)> shall be treated as an obligation...term "securities" has the same meaning as in section 165(g)(2) (A) and (B). (3) Materially higher. For purposes of this section, the yield produced by acquired... | |
 | Administrative law - 2005 - 798 pages
...on the installment basis. AUTHORITY: 26 USC 7805. US 13.0-13.3 [Reserved] § 13.4 Arbitrage bonde; temporary rules. (a) In general — (1) Arbitrage...District of Columbia, a Territory, or a possession of the Internal Revenue Service, Treasury United States, or any political subdivision of any of the foregoing.... | |
 | Administrative law - 1990 - 744 pages
...bond (as such term is defined in section 103(d)<2» shall be treated as 26 CFR Ch. I (4-1-90 Edition an obligation not described in section 103(a)(l)....term "securities" has the same meaning as in section 165(g)(2) (A) and (B). (3) Materially higher. For purposes of this section, the yield produced by acquired... | |
 | Administrative law - 1977 - 1370 pages
...obligation which would have been excluded from gross income pursuant to the provisions of section 103(a)(1) will be included in gross income and subject to Federal...term "securities" has the same meaning as in section 165(g)(2) (A) and (B). (3) Materially higher. For purposes of this section, the yield produced by acquired... | |
 | Administrative law - 1987 - 746 pages
...obligation which would have been excluded from gross income pursuant to the provisions of section 103(a)(1) will be included in gross income and subject to Federal...term "securities" has the same meaning as in section 165(g)(2) (A) and (B). (3) Materially higher. For purposes of this section, the yield produced by acquired... | |
 | Administrative law - 2000 - 808 pages
...referred to as "governmental obligations") all or a major portion of the proceeds of which are (1) reasonably expected to be used directly or indirectly...term "securities" has the same meaning as in section 165(g)(2) (A) and (B). (3) Materially higher. For purposes of this section, the yield produced by acquired... | |
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For purposes of this section, the term "governmental unit" means a State, the District of Columbia, a Territory, or a possession of the United States, or any political subdivision of any of the foregoing:. (ii) For purposes of this section, the term "securities"... 
