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Md. Code, Local Government § 21-516

This is the official text of Md. Code, Local Government § 21-516, part of Maryland’s Code, Local Government — governs the powers and operations of Maryland counties and municipalities.

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§21–516.

Official statutory text

The principal amount of bonds, the interest payable on bonds, the transfer of bonds, and any income from bonds, including profit made in the sale or transfer of bonds, are exempt from State and local taxes.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.