§ 100491 Vta Bond Tax Exemption

Public Utilities Code·California

AI SummaryVerified

This law says that money you earn from VTA bonds and the interest on them don't have to be taxed in California, except for a few special taxes.

Key Takeaways

•Interest from VTA bonds is not subject to California income tax.
•The bonds themselves are also free from most state taxes.
•Transfer, franchise, inheritance, and estate taxes can still apply.

Example

A person buys a VTA bond and later gets interest payments from it.

When they receive the interest, they don't have to pay state income tax on that money, but if they later sell the bond or inherit it, they might have to pay transfer or estate taxes.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 100491 Vta Bond Tax Exemption

All bonds and other evidences of indebtedness issued by the VTA under the provisions of this part, and the interest thereon, are free and exempt from all taxation within the State of California, except for transfer, franchise, inheritance, and estate taxes. (Amended by Stats. 2016, Ch. 381, Sec. 104. (AB 2196) Effective January 1, 2017.)

Last verified: January 11, 2026

Key Terms

bonds evidences of indebtedness VTA exempt from all taxation transfer, franchise, inheritance, and estate taxes

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 100491.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References