California Public Utilities Code 105261 – All bonds and other evidences of indebtedness issued by the district …
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All bonds and other evidences of indebtedness issued by the district under the provisions of this part, 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. 2002, Ch. 341, Sec. 4. Effective January 1, 2003.)
Terms Used In California Public Utilities Code 105261
- District: means the Sonoma-Marin Area Rail Transit District. See California Public Utilities Code 105003
- State: means the State of California, unless applied to the different parts of the United States. See California Public Utilities Code 17