§ 12–116
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 12-116 (2026)
Title 12. Local Development Authorities and Resources
Subtitle 1. Economic Development Revenue Bond Act
§ 12–116LinkCopy Citation
The principal of and interest on bonds, the transfer of bonds, and any income derived from the bonds, including profits made in their sale or transfer, are forever exempt from State and local taxes.