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test-period beneficiary

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 144 — in this section

For purposes of this paragraph, except as provided in regulations, the term “test-period beneficiary” means any person who is an owner or a principal user of facilities being financed by the issue at any time during the 3-year period beginning on the later of—

(i) the date such facilities were placed in service, or

(ii) the date of issue.