California Military and Veterans Code 490 – All revenue bonds and the income therefrom are at all times exempt …
Current as of: 2024 | Check for updates
|
Other versions
All revenue bonds and the income therefrom are at all times exempt from taxation in the State of California, except for transfer, inheritance, and gift taxes.
(Added by Stats. 1978, Ch. 1274.)
Terms Used In California Military and Veterans Code 490
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.