California § 55009 - Any bonds issued by the local agency under the provisions of this division, their
Full text of California Public Contract Code - PCC § 55009 — Any bonds issued by the local agency under the provisions of this division, their, with citation guidance and answers to common questions.
§ 55009. Any bonds issued by the local agency under the provisions of this division, their
Any bonds issued by the local agency under the provisions of this division, their transfer, and the income therefrom shall at all times be free from all direct and indirect taxation of every kind by the state, including all taxes imposed pursuant to Part 11 (commencing with Section 23001) of Division 2 of the Revenue and Taxation Code and imposed by cities, counties, cities and counties, or other political subdivisions of this state, except inheritance and gift taxes.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 55009
What does Public Contract Code - PCC § 55009 cover?
Section 55009 ("Any bonds issued by the local agency under the provisions of this division, their") 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 § 55009?
A common citation format is "Public Contract Code - PCC § 55009" (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 § 55009 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.