{"code":"PUC","codeName":"Public Utilities Code","section":"120701","citation":"Pub. Util. Code, § 120701","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 11. TRANSIT DEVELOPMENT BOARDS [120000. - 120702.]","url":"https://blackletter.si/public-utilities-code/division-11"},{"name":"CHAPTER 6. Bonds and Other Evidences of Indebtedness [120630. - 120702.]","url":"https://blackletter.si/public-utilities-code/division-11/chapter-6"},{"name":"ARTICLE 5. Miscellaneous [120700. - 120702.]","url":"https://blackletter.si/public-utilities-code/division-11/chapter-6/article-5"}],"history":"Added by Stats. 1983, Ch. 599, Sec. 2.","effective":null,"html":"<p>All bonds and other evidences of indebtedness issued by the board under this chapter, and the interest thereon, are free and exempt from all taxation within the state, except for transfer, franchise, inheritance, and estate taxes.</p>","text":"All bonds and other evidences of indebtedness issued by the board under this chapter, and the interest thereon, are free and exempt from all taxation within the state, except for transfer, franchise, inheritance, and estate taxes.","otherVersions":[],"url":"https://blackletter.si/public-utilities-code/miscellaneous-120701","source":"California Legislative Information bulk export (pubinfo)"}