# Economic Development (GEC)

## Title 12. Local Development Authorities and Resources

### Subtitle 1. Economic Development Revenue Bond Act

#### Section 12-116

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.

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Md. Code Ann., Econ. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)