§ 29290 District Bond Tax Exemption

Public Utilities Code·California

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Key Takeaways

•Money borrowed by the district (like bonds) and the interest on it don't get taxed in California.
•This rule doesn't apply to some taxes like transfer, franchise, inheritance, and estate taxes.

Example

If a school district borrows money by selling bonds to build a new school, they don't have to pay most California taxes on that money or the interest.

The law says the district doesn't pay taxes on the borrowed money or the interest, except for a few special taxes.

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

Official Source

View on CA.gov

§ 29290 District Bond Tax Exemption

All bonds and other evidences of indebtedness issued by the district under the provisions of this part, and the interest thereon, are free and exempt from all taxation within the State of California, except for transfer, franchise, inheritance and estate taxes. (Added by Stats. 1961, Ch. 1967.)

Last verified: January 23, 2026

Key Terms

bonds evidences of indebtedness exempt from all taxation transfer, franchise, inheritance and estate taxes

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 29290.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References