### Question
How is the term tax-exempt bond financed property defined?


### Answer
The term **tax-exempt bond financed property** is defined in *26 U.S.C. § 168* as the following:

> 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**

