...of a State or any political subdivision thereof, or of the District of Columbia, issued on or alter March 1, 1941, on a discount basis and payable without interest at a fixed maturity date not exceeding one year from the date of issue; * " • "During the years in issue, sec. 1234(bXl) provided: SECTION...

...or any of its possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, issued on or after March...without interest at a fixed maturity date not exceeding one year from the date of issue, are excluded from the term "capital assets." An obligation may be...

...or any of its possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, issued on or after March...without interest at a fixed maturity date not exceeding one year from the date of issue, the amount of discount at which such obligation is originally sold...

...or any of its possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, issued on or after March...without interest at a fixed maturity date not exceeding one year from the date of issue. [TD 6500, 25 FR 12003, Nov. 26, 1960] § 1.1221-1 Meaning of terms....

...or any of its possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, issued on or after March...without interest at a fixed maturity date not exceeding one year from the date of issue. [TD 6500, 25 FR 12003, Nov. 26, 1960] § 1.1221-1 Meaning of terms....

...a State, or Territory, or any political subdivision thereof, or of the District of Columbia, issued on a discount basis and payable without interest at a fixed maturity date not exceeding one year from the date of issue, the amount of discount at which such obligation originally sold does...

...excludes from the category of "capital assets" "an obligation of the United States . . . issued . . . on a discount basis and payable without interest at a fixed maturity date not exceeding one year from the date of issue." This special provision for short-term discounted government obligations...

...or any of its possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, issued on or after March...without interest at a fixed maturity date not exceeding one year from the date of issue, are excluded from the term "capital assets." An obligation may be...

...any political subdivisions therof, or of the District of Columbia, issued on or after March l, l94l, on a discount basis and payable without interest at a fixed maturity date not exceeding one year from the date of issue;" 10 Muunn* MUCMIJ Federal Bank t Trust Co., Ltd. August 9, l979 A...

...or any of its possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, issued on or after March...without interest at a fixed maturity date not exceeding one year 1468 SECTION 42(b) [See inside back cover by him. Th& election applies to the taxable year...