Md. Code, Local Government § 1-1109

Md. Code, Local Government § 1-1109
in effect
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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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=glg&section=1-1109&enactments=falseFetched: 10/17/2026

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