investment property
(3) Alternative minimum tax bonds treated as investment property in certain cases (A) In general Except as provided in subparagraph (B), the term “investment property” does not include any tax-exempt bond. (B) Exception With respect to an issue other than an issue a part of which is a specified private activity bond (as defined in section 57(a)(5)(C) ), the term “investment property” includes a specified private activity bond (as so defined).