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2013 Maryland Code
ENVIRONMENT
§ 9-957 - Authority and bonds exempt from tax


MD Env Code § 9-957 (2013) What's This?

§9-957.

(a) An authority is not required to pay any tax or assessment on:

(1) Any project; or

(2) The income from any project.

(b) This State, any political subdivision, and any other public agency in this State may not tax:

(1) Any bond that is issued under this subtitle;

(2) The transfer of the bond; or

(3) Any income from the bond, including any profit on the sale of the bond.

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