California Education Code 90054 – Bonds and notes issued pursuant to the provisions of this article and …
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Bonds and notes issued pursuant to the provisions of this article and the interest or income therefrom are exempt from all taxation in this state other than gift, inheritance and estate taxes.
(Enacted by Stats. 1976, Ch. 1010.)
Terms Used In California Education Code 90054
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.