§ 1–1109
Statutes in effect as of October 1, 2026.
Md. Code Ann., Local Gov't § 1-1109 (2026)
Title 1. Definitions; General Provisions
Subtitle 11. Clean Energy Loan Programs
§ 1–1109LinkCopy 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 the sale or exchange of a bond are exempt from State and local taxes.
(b)
A county or municipality may issue bonds without regard to the federal tax status of the bonds.