### Question
How is the "registration-required bond" defined?


### Answer
The term **registration-required bond** is defined in *26 U.S.C. § 149* as follows -

> any bond other than a bond which—


(A) is not of a type offered to the public, or


(B) has a maturity (at issue) of not more than 1 year

#### Citation:
  - *26 U.S.C. § 149*
  - 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 B-Requirements Applicable to All State and Local Bonds**

