§ 130531
67 words·~1 min read·
/ca/public-utilities-code/130531A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding any other provision of law:
(a)The commission and its revenues are exempt from all taxes on, or measured by, income.
(b)Bonds issued by the commission are exempt from all property taxation, and the interest on the bonds are exempt from all taxes on income.
(c)All property owned by the commission is exempt from property taxes, assessments, and other public charges secured by liens.