The principal, interest, and income of all bonds issued under this part are exempt from all taxation in this State, other than gift, inheritance, and estate taxes.

(Amended by Stats. 1951, Ch. 1388.)

Terms Used In California Streets and Highways Code 33143

  • bonds: means revenue bonds issued pursuant to this part. See California Streets and Highways Code 33100
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.