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2013 Maryland Code
ECONOMIC DEVELOPMENT
§ 12-309 - Tax status


MD Econ Dev Code § 12-309 (2013) What's This?

§12-309.

(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.

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