Interest earned on any bond issued by the county shall at all times be free from state personal income tax and corporate income or franchise tax.
Cal. Gov. Code § 54783
Bonds
Known as the Teeter Plan Bond Law
The act spans §§ 54773–54783 (12 sections).
Amended by Stats. 1995, Ch. 91, Sec. 54
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.