---
kind: "range"
citation: "26 C.F.R. §§ 1.147-0–1.147-2"
title: "26"
from: "1.147-0"
to: "1.147-2"
count: 3
url: "https://uscodex.org/cfr/26/1.147-0..1.147-2"
---

# §1.147-0. Table of contents.


This section lists the captioned paragraphs contained in §§ [1.147-1](/cfr/26/1.147-1.md) and [1.147-2](/cfr/26/1.147-2.md).


# §1.147-1. Other requirements applicable to certain private activity bonds.

- (a) **Overview.** Interest on a private activity bond is not excludable from gross income under [section 103(a)](/cfr/26/103.md?p=a) unless the bond is a qualified bond. Under [section 147](/cfr/26/147.md), certain requirements must be met for a private activity bond to qualify as a qualified bond.
- (b) **Scope.** [Sections 1.147-0 through 1.147-2](/cfr/26/1.147-0..1.147-2.md) apply for purposes of the rules in [section 147](/cfr/26/147.md) for qualified private activity bonds that permit use of proceeds to acquire land for environmental purposes ([section 147(c)(3)](/cfr/26/147.md?p=c-3)), permit use of proceeds for certain rehabilitations ([section 147(d)](/cfr/26/147.md?p=d) (2) and (3)), prohibit use of proceeds to finance skyboxes, airplanes, gambling establishments and similar facilities ([section 147(e)](/cfr/26/147.md?p=e)), and require public approval ([section 147(f)](/cfr/26/147.md?p=f)), but not for the rules limiting use of proceeds to acquire land or existing property under [sections 147(c)](/cfr/26/147.md?p=c) (1) and (2), and (d)(1).
- (c) **Effective dates.** For effective dates of [§§ 1.147-0 through 1.147-2](/cfr/26/1.147-0..1.147-2.md), see [§ 1.141-16](/cfr/26/1.141-16.md).

# §1.147-2. Remedial actions.


The remedial action rules of [§ 1.142-2](/cfr/26/1.142-2.md) apply to the rules in [section 147](/cfr/26/147.md) for qualified private activity bonds that permit use of proceeds to acquire land for environmental purposes ([section 147(c)(3)](/cfr/26/147.md?p=c-3)), permit use of proceeds for certain rehabilitations ([section 147(d)](/cfr/26/147.md?p=d) (2) and (3)), prohibit use of proceeds to finance skyboxes, airplanes, gambling establishments and similar facilities ([section 147(e)](/cfr/26/147.md?p=e)), and require public approval ([section 147(f)](/cfr/26/147.md?p=f)), for this purpose treating those private activity bonds subject to the rules under [section 147](/cfr/26/147.md) as exempt facility bonds and the qualifying purposes for those bonds as exempt facilities.