### Question
How is the "specified private activity bond" defined?


### Answer
The term **specified private activity bond** is defined in *26 U.S.C. § 57* as follows -

> any private activity bond (as defined in section 141) which is issued after August 7, 1986, and the interest on which is not includible in gross income under section 103

#### Citation:
  - *26 U.S.C. § 57*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART VI-ALTERNATIVE MINIMUM TAX**

