private business use
Defined in 1 place of the United States Code.
For purposes of this subsection, the term “private business use” means use (directly or indirectly) in a trade or business carried on by any person other than a governmental unit. For purposes of the preceding sentence, use as a member of the general public shall not be taken into account.
Source
- 1994–present26 U.S.C. § 141Internal Revenue Code · Private activity bond; qualified bond · in this section