California Public Utilities Code Section 120701

CA Pub Util Code § 120701 (2017)  

All bonds and other evidences of indebtedness issued by the board under this chapter, and the interest thereon, are free and exempt from all taxation within the state, except for transfer, franchise, inheritance, and estate taxes.

(Added by Stats. 1983, Ch. 599, Sec. 2.)

Last modified: October 25, 2018