excludable period
Defined in 1 place of the United States Code.
For purposes of this subsection, the term “excludable period” means, with respect to any original securities acquisition loan—
(A) In general
The 7-year period beginning on the date of such loan.
(B) Loans described in subsection (b)(1)(A)
If the term of an original securities acquisition loan described in subsection (b)(1)(A) is greater than 7 years, the term of such loan. This subparagraph shall not apply to a loan described in subsection (b)(3)(B).
Source
- 1994–present26 U.S.C. § 133Internal Revenue Code · Repealed. Pub. L. 104188, title I, 1602(a), Aug. 20, 1996, 110 Stat. 1833] · for purposes of this section