All income received by the investor from the fund is exempt from taxation in this state, except gift, inheritance, and estate taxes.
Cal. Gov. Code § 53192.5
Reimbursement Agreements
Known as the Integrated Financing District Act
The act spans §§ 53175–53199 (36 sections).
Added by Stats. 1986, Ch. 1512, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.