[Code of Federal Regulations]
[Title 26, Volume 2]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.148-3A]

[Page 730]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1--INCOME TAXES--Table of Contents
 
Sec. 1.148-3A  General arbitrage rebate rules.

    (a) through (h)(2) [Reserved]. For guidance see Sec. 1.148-3.
    (h)(3) Waivers of the penalty. For purposes of Sec. 1.148-3(h)(3), 
willful neglect does not include a failure that is attributable solely 
to the permissible retroactive selection of a short first bond year if 
the rebate amount that the issuer failed to pay is paid within 60 days 
of the selection of that bond year.

[T.D. 8538, 59 FR 24042, May 10, 1994. Redesignated by T.D. 8718, 62 FR 
25507, May 9, 1997]