§ 19–221

Statutes in effect as of October 1, 2026.

Md. Code Ann., Local Gov't § 19-221 (2026)

Title 19. Public Debt

Subtitle 2. Public Securities

The following obligations are exempt from State and local taxation:

(1)

a bond or grant anticipation note issued under this part;

(2)

a bond issued to pay the notes issued under item (1) of this section; and

(3)

the interest on the obligations.