Treas. Reg. § 1.147(b)-1 Bond maturity limitation-treatment of working capital.

eCFR as of 2026-10-19 · Interprets § 147(b)

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]