### Question
What is the definition of tax-exempt bond financed property?


### Answer
The definition of **tax-exempt bond financed property** is as follows in *26 U.S.C. § 168*:

> any property to the extent such property is financed (directly or indirectly) by an obligation the interest on which is exempt from tax under section 103(a)

#### Citation:
  - *26 U.S.C. § 168*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VI-ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS**

