Issue Date Law and Legal Definition
Pursuant to 26 CFR 1.150-1[Title 26 -- Internal Revenue; Chapter I -- Internal Revenue Service, Department of The Treasury], issue date means, “in reference to an issue, the first date on which the issuer receives the purchase price in exchange for delivery of the evidence of indebtedness representing any bond included in the issue. Issue date means, in reference to a bond, the date on which the issuer receives the purchase price in exchange for that bond. In no event is the issue date earlier than the first day on which interest begins to accrue on the bond or bonds for Federal income tax purposes.”
