Notwithstanding any other provision of law: (a) The authority and its revenues are exempt from all taxes on, or measured by, income. (b) Bonds issued by the authority are exempt from all property taxation, and the interest on the bonds is exempt from all taxes on income. (c) All property owned by the agency is exempt from property taxes, assessments, and other public charges secured by liens.
‹ Prev All California sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.