Section 1006.1.

Cal. Military and Veterans Code - MVC § 1006.1.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
All debentures and the income therefrom are at all times exempt from taxation in the State of California, except for transfer, inheritance, and gift taxes.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

Starting a business in California? California LLC guide: costs and requirements