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Md. Code, Local Gov't § 1-1109

Md. Code, Local Gov't § 1-1109

Maryland · Maryland Code, Local Government · Status: effective

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Md. Code, Local Gov't § 1-1109, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1782098
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(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.