### Question
How does TAX EXEMPTION REQUIREMENTS FOR STATE AND LOCAL BONDS define farm?


### Answer
Under *26 U.S.C. § 147*, **farm** is defined as:

> given such term by section 6420(c)(2).

#### Citation:
  - *26 U.S.C. § 147*
  - 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**

