§ 12–309
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 12-309 (2026)
Title 12. Local Development Authorities and Resources
Subtitle 3. Redevelopment Bonds
§ 12–309LinkCopy Citation
(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.