### Question
How does Income Taxes define comparable property?


### Answer
Under *26 U.S.C. § 144*, **comparable property** is defined as:

> property which is of the same type as the property to which it is being compared and which is located within the jurisdiction of the designating governmental unit

#### Citation:
  - *26 U.S.C. § 144*
  - 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**

