original issue discount
Defined in 3 places of the United States Code.
For purposes of this paragraph, the term “original issue discount” has the meaning given to such term by section 1273(a).
Source
- 1994–present26 U.S.C. § 6049Internal Revenue Code · Returns regarding payments of interest · for purposes of this section
The term “original issue discount” has the meaning given to such term by section 1273(a) without regard to paragraph (3) thereof. In applying section 483 or 1274, under regulations prescribed by the Secretary, appropriate adjustments shall be made to the applicable Federal rate to take into account the tax exemption for interest on the obligation.
Source
- 1994–present26 U.S.C. § 1288Internal Revenue Code · Treatment of original issue discount on tax-exempt obligations · for purposes of this section
The term “original issue discount” means the excess (if any) of—
(A) the stated redemption price at maturity, over
(B) the issue price.
Source
- 1994–present26 U.S.C. § 1273Internal Revenue Code · Determination of amount of original issue discount · for purposes of this subpart