### Question
What is the definition of testing date?


### Answer
The definition of **testing date** is as follows in *26 U.S.C. § 143*:

> the earliest date on which all of the following requirements are met:


(i) The indebtedness is federally-subsidized indebtedness

#### Citation:
  - *26 U.S.C. § 143*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART IV-TAX EXEMPTION REQUIREMENTS FOR STATE AND LOCAL BONDS > Subpart A-Private Activity Bonds**

