Md. Code, Economic Development § 12-309
This is the official text of Md. Code, Economic Development § 12-309, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§12–309.
Official statutory text
(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.
(b) A political subdivision may issue bonds under this subtitle without regard to their federal tax status.
Status: in_force · Read it on the official government site
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