§ 17190 Bond Tax Exemption

Education Code·California

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Key Takeaways

•Bonds issued under this law are tax-free for the state and local governments.
•The authority doesn't have to pay taxes on projects, property, or income related to this law.
•This rule has been in effect since January 1, 1998.

Example

If a city builds a new park using these special bonds, the money from the bonds and the park itself won't be taxed by the state or city.

The law says that any money made from these bonds or the projects they pay for can't be taxed. So, the city saves money because they don't have to pay taxes on the park or the bond income.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 17190 Bond Tax Exemption

(a) Any bonds issued under this chapter, their transfer, and income therefrom shall at all times be free from taxation of every kind by the state and by all political subdivisions of the state. (b) The authority is not required to pay any taxes or assessments upon, or with respect to, any project or property acquired by or for the authority under this chapter, or upon any income therefrom, or on or from any other assets or operations of the authority. (Added by Stats. 1996, Ch. 277, Sec. 2. Effective January 1, 1997. Operative January 1, 1998.)

Last verified: January 23, 2026

Key Terms

bonds taxation authority projects income

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 17190.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References