California Government Code 6575 – All bonds and the interest thereon or income therefrom are exempt …
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All bonds and the interest thereon or income therefrom are exempt from all taxation in this State other than gift, inheritance and estate taxes.
(Added by Stats. 1955, Ch. 329.)
Terms Used In California Government Code 6575
- bonds: means revenue bonds, notes or other evidences of indebtedness. See California Government Code 6540
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- State: means the State of California, unless applied to the different parts of the United States. See California Government Code 18