Home/California/Statutes/Code PUC: Public Utilities Code - PUC/Div. 1.7.: DIVISION 1.7. Golden State Energy Act/Part 4.: PART 4. GOLDEN STATE ENERGY FINANCING POWER/§ 3440.
California Statutes

§ 3440. — 3440. (Added by Stats. 2020, Ch. 27, Sec. 12.)

California § 3440.
JurisdictionCalifornia
Code PUCPublic Utilities Code - PUC
Div. 1.7.DIVISION 1.7. Golden State Energy Act
Part 4.PART 4. GOLDEN STATE ENERGY FINANCING POWER

This text of California § 3440. (3440. (Added by Stats. 2020, Ch. 27, Sec. 12.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Public Utilities Code - PUC Code § 3440. (2026).

Text

(a)Golden State Energy shall be exempt from franchise and corporate income tax pursuant to Section 23701 of the Revenue and Taxation Code. Indebtedness issued by Golden State Energy and any transfer thereof shall be exempt from income taxation of every kind by the state.
(b)Property used exclusively by Golden State Energy in carrying out its purposes in Section 3402 shall not be exempt from taxation under subdivision (b) of Section 4 of, and Section 5 of, Article XIII of the California Constitution and Section 214 of the Revenue and Taxation Code.

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Legislative History

Added by Stats. 2020, Ch. 27, Sec. 12. (SB 350) Effective January 1, 2021.
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California § 3440., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PUC/3440..