Cal. Rev. & Tax. Code § 18177

Current through the 2023 Legislative Session.
Section 18177 - "Tax-exempt obligation" defined

Section 1275(a)(3) of the Internal Revenue Code, relating to the definition of tax-exempt obligations, does not apply but instead the term "tax-exempt obligation" means an obligation the interest on which is exempt from tax under this part.

Ca. Rev. and Tax. Code § 18177

Amended by Stats 2003 ch 185 (AB 1743),s 27, eff. 1/1/2004.