California § 17133 - Income which this state is prohibited from taxing includes interest on bonds issu
Full text of California Public Contract Code - PCC § 17133 — Income which this state is prohibited from taxing includes interest on bonds issu, with citation guidance and answers to common questions.
§ 17133. Income which this state is prohibited from taxing includes interest on bonds issu
Income which this state is prohibited from taxing includes interest on bonds issued by this state or a local government in this state, and the determination of whether a bond is issued by this state or a local government in this state shall be made without regard to (a) the source of payment of that bond or the security for that bond, public or private, and (b) whether or not public improvements are financed. If there is at any time following the original issuance of such a bond a separation in ownership between the bond and any right to receive interest on the bond (whether or not evidenced by a coupon), payments or accruals on that stripped bond and stripped coupon shall be treated in a manner consistent with Section 1286(d) of the Internal Revenue Code.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 17133
What does Public Contract Code - PCC § 17133 cover?
Section 17133 ("Income which this state is prohibited from taxing includes interest on bonds issu") 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 § 17133?
A common citation format is "Public Contract Code - PCC § 17133" (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 § 17133 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.