California § 3440 - Golden State Energy shall be exempt from franchise and corporate income tax pursu
Full text of California Public Contract Code - PCC § 3440 — Golden State Energy shall be exempt from franchise and corporate income tax pursu, with citation guidance and answers to common questions.
§ 3440. Golden State Energy shall be exempt from franchise and corporate income tax pursu
(a) Golden State Energy shall be exempt from franchise and corporate income tax pursuant to Section 23701 of the Revenue and Taxation Code. Indebtedness issued by Golden State Energy and any transfer thereof shall be exempt from income taxation of every kind by the state. (b) Property used exclusively by Golden State Energy in carrying out its purposes in Section 3402 shall not be exempt from taxation under subdivision (b) of Section 4 of, and Section 5 of, Article XIII of the California Constitution and Section 214 of the Revenue and Taxation Code.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 3440
What does Public Contract Code - PCC § 3440 cover?
Section 3440 ("Golden State Energy shall be exempt from franchise and corporate income tax pursu") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 3440?
A common citation format is "Public Contract Code - PCC § 3440" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 3440 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.