Abcrs.resources.ca.gov

When the state sells its General Obligation (GO) bonds, the interest that the state pays on these bonds, to the bondholders, is exempt from State of California personal income tax. However, whether interest is tax-exempt for the bondholder, for federal income tax purposes, depends on the type of bond sold. Currently, the state's GO bonds can be sold as either tax-exempt or taxable. In 2009 and ... ................
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