Md. Code, Economic Development § 12-309

Md. Code, Economic Development § 12-309
in effect
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(a) A bond, the transfer of a bond, the interest payable on a bond, the income derived from a bond, and the profit realized on sale or exchange of a bond are exempt from State and local taxes. (b) A political subdivision may issue bonds under this subtitle without regard to their federal tax status.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec&section=12-309&enactments=falseFetched: 10/16/2026