CFR›Title 26›Chapter I›Part 1›Subject Group Tax-Free Covenant Bonds ContainsSections 1.1451-1–1.1451-2CorpusDaily eCFRDisplayed edition2026-09-28Last updated2026-09-28 Sections 1.1451-1 § 1.1451-1 Tax-free covenant bonds issued before January 1, 1934. 1.1451-2 § 1.1451-2 Exemptions from withholding under section 1451. Previous Tax Treatment by Patrons of Patronage Dividends Tax Treatment by Patrons of Patronage Dividends Next Taxable Year for Which Deductions Taken Taxable Year for Which Deductions Taken