# Economic Development (GEC)

## Title 12. Local Development Authorities and Resources

### Subtitle 3. Redevelopment Bonds

#### Section 12-309

(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.

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