[Code of Federal Regulations] [Title 26, Volume 2] [Revised as of April 1, 2004] From the U.S. Government Printing Office via GPO Access [CITE: 26CFR1.145-1] [Page 674] TITLE 26--INTERNAL REVENUE CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED) PART 1_INCOME TAXES--Table of Contents Sec. 1.145-1 Qualified 501(c)(3) bonds. (a) Overview. Interest on a private activity bond is not excludable from gross income under section 103(a) unless the bond is a qualified bond. Under section 141(e)(1)(G), a qualified 501(c)(3) bond issued under section 145 is a qualified bond. Under section 145, a qualified 501(c)(3) bond is any bond issued as a part of an issue that satisfies the requirements of sections 145(a) through (d). (b) Scope. Sections 1.145-0 through 1.145-2 apply for purposes of section 145(a). (c) Effective dates. For effective dates of Sec. Sec. 1.145-0 through 1.145-2, see Sec. 1.141-15. [T.D. 8712, 62 FR 2303, Jan. 16, 1997]