California Government Code

§ 91539

GOV § 91539 Effective Nov 5, 2009Title 10 · Ch. 1 · Art. 2

Statute text

Notwithstanding any other provision of law:

(a)Authorities and their revenues, amounts for administration or costs of issuance expenses, and any other income shall be exempt from all taxes on, or measured by, income.

(b)Bonds issued by authorities shall be exempt from all property taxation and the interest on such bonds shall be exempt from all taxes on income.

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Legislative history

Amended by Stats. 2009, Ch. 648, Sec. 12. (AB 1009) Effective November 5, 2009.