# Local Government (GLG)

## Title 19. Public Debt

### Subtitle 3. Creation of Public Debt -- Municipalities

#### Section 19-306

The principal of and interest on bonds or tax anticipation notes issued in accordance with the charter of a municipality or this subtitle are exempt from State and local taxes.   

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Md. Code Ann., Local Gov't (as displayed at mgaleg.maryland.gov, October 16, 2026)