California Codes, Business and Professions Code - BPC, Division 3 — Professions and Vocations Generally, Chapter 4 — Attorneys, Article 1 — General Provisions, Section 6008.2
Bonds, notes, debentures and other evidences of indebtedness of the State Bar are hereby declared to be issued for essential public and governmental purposes in the judicial branch of the government and, together with interest thereon and income therefrom, shall be exempt from taxes.
Notes
Exempts State Bar bonds, notes, debentures, and other evidences of indebtedness, together with their interest and income, from taxes. The provision declares those obligations to be issued for essential public and governmental purposes within the judicial branch, which is the basis stated for the tax exemption.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 6008.2 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-3/chapter-4/article-1/section-6008-2