Cal. Ed. Code § 89912

Current through the 2023 Legislative Session.

Section 89912 - Bonds, notes, other evidences of indebtedness exempt from taxation

All bonds, notes, borrowings, or other evidences of indebtedness of an auxiliary organization and interest thereon or income therefrom are exempt from all taxation in the state other than estate and generation skipping transfer taxes.

Ca. Educ. Code § 89912

Added by Stats. 1993, Ch. 779, Sec. 6. Effective January 1, 1994.