§ 24991
37 words·~1 min read·
/ca/revenue-and-taxation-code/24991A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 1275(a)(3) of the Internal Revenue Code, relating to the definition of tax-exempt obligation, does not apply but instead the term “tax-exempt obligation” means an obligation the interest on which is exempt from tax under this part.