### Question
How is the term specified tax credit bond defined?


### Answer
The term **specified tax credit bond** is defined in *26 U.S.C. § 6431* as the following:

> any qualified tax credit bond (as defined in section 54A(d)) if—


(A) such bond is—


(i) a new clean renewable energy bond (as defined in section 54C),


(ii) a qualified energy conservation bond (as defined in section 54D),


(iii) a qualified zone academy bond (as defined in section 54E) determined without regard to any allocation relating to the national zone academy bond limitation for 2011 or any carryforward of such allocation, or


(iv) a qualified school construction bond (as defined in section 54F), and


  

(B) the issuer of such bond makes an irrevocable election to have this subsection apply

#### Citation:
  - *26 U.S.C. § 6431*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 65-ABATEMENTS, CREDITS, AND REFUNDS > Subchapter B-Rules of Special Application**

