### Question
Can you define what interest payment date means?


### Answer
**Interest payment date** is defined as the following in *26 U.S.C. § 54AA*:

> any date on which the holder of record of the build America bond is entitled to a payment of interest under such bond

#### Citation:
  - *26 U.S.C. § 54AA*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART IV-CREDITS AGAINST TAX > Subpart J-Build America Bonds**

