Tax-Exempt Bond means any of a series of the World’s Foremost Bank Redevelopment Project Tax Allocation Bonds of the City, the interest on which is determined by the City to be excludable from gross income for federal income tax purposes.

Tax-Exempt Bond means a state or local bond that satisfies the require- ments of section 103(a).

Tax-Exempt Bond means any Authorized Bond as to which Bond Counsel has rendered an opinion to the effect that interest thereon is excluded from gross income of the Holder thereof for purposes of federal income taxation.

Examples of Tax-Exempt Bond in a sentence

If the property does not participate in the HOME, Tax-Exempt Bond, Affordable Housing Disposition, or other housing program, leave those sections blank.
In addition, proposed Developments are not eligible to receive any funding awarded through this RFA if the Applicant closes on the Tax-Exempt Bond financing prior to the issuance of the preliminary commitment for the SAIL funding.
For Tax-Exempt Bond Developments it is the date the Application is submitted to the Department.
Applicants are not eligible to apply for any funding offered in this RFA if the Applicant has already closed on the Tax-Exempt Bond financing prior to the Application Deadline for this RFA.
Required documentation must be submitted by the Full Application Delivery Date as identified in §11.2(a) of this chapter, regarding Competitive HTC Deadlines, or Resolutions Delivery Date in §11.2(b) of this chapter, regarding Tax-Exempt Bond and Direct Loan Development Dates and Deadlines, as applicable.

More Definitions of Tax-Exempt Bond

Tax-Exempt Bond means any Bond, the interest on which is excludable from gross income for federal income tax purposes.

Tax-Exempt Bond means any Bond as to which Bond Counsel has rendered an opinion to the effect that interest on it is excluded from gross income for purposes of federal income taxation.

Tax-Exempt Bond means any Bond as to which Transaction Counsel has rendered an opinion to the effect that interest on it is excluded from gross income for purposes of federal income taxation.

Tax-Exempt Bond means any obligation of a State or political subdivision thereof under section 103(c)(1) of the Code (including financing leases and any other arrangements, however labeled) the interest on which is excludable from gross income under section 103(a) of the Code. Tax-exempt Bond includes an interest in a regulated investment company to the extent that at least 95 percent of the income to the holder of the interest is interest that is excludable from gross income under section 103(a) of the Code.

Tax-Exempt Bond means a bond the interest on which is excludable from gross income under Section 103(a) of the Code and is not a specified private activity bond as defined in Section 57(a)(5)(C) of the Code. "Tax-Exempt Investments" shall include:

Tax-Exempt Bond means an obligation the interest on which is excluded from gross income for federal income tax purposes and shall include any interest in a regulated investment company to the extent provided in Treasury Regulations Section 1.150-1(b); provided, however, that no specified private activity bond (as defined in Section 57(a)(5)(C) of the Code) shall be deemed to be a Tax-Exempt Bond.

Tax-Exempt Bond means any of the Bonds the interest on which is intended and expected to be exempt from federal income tax under the Code.