California Government Code

§ 92309

GOV § 92309 Effective Jan 1, 2007Title 11 · Ch. 6

Statute text

Notwithstanding any other provision of law:

(a)The commission and its revenues, amounts for administration expenses, and any other income shall be exempt from all taxes on, or measured by, income.

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

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Legislative history

Amended by Stats. 2006, Ch. 538, Sec. 340. Effective January 1, 2007.