The bonds and interest or income from the bonds are exempt from taxation in this State, except from gift, inheritance, and estate taxes.
(Added by Stats. 1949, Ch. 81.)
Gov. Code § 54435, under Provisions Relating to Bonds.
Gov. Code § 54435
The bonds and interest or income from the bonds are exempt from taxation in this State, except from gift, inheritance, and estate taxes.
(Added by Stats. 1949, Ch. 81.)