nongovernmental output property
Defined in 1 place of the United States Code.
Except as otherwise provided in this subsection, for purposes of paragraph (1), the term “nongovernmental output property” means any property (or interest therein) which before such acquisition was used (or held for use) by a person other than a governmental unit in connection with an output facility (within the meaning of subsection (b)(4)) (other than a facility for the furnishing of water). For purposes of the preceding sentence, use (or the holding for use) before October 14, 1987, shall not be taken into account.
Source
- 1994–present26 U.S.C. § 141Internal Revenue Code · Private activity bond; qualified bond · in this section