Maryland Code, Local Government § 22-108
Current as of December 31, 2021 | Updated by FindLaw Staff
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(a) The principal of and interest on bonds, the transfer of bonds, and any income derived from the bonds, including profits made in their sale or transfer, are forever exempt from State and local taxes.
(b) A contract for a resilience infrastructure project may provide that payment shall be made in bonds.
Cite this article: FindLaw.com - Maryland Code, Local Government § 22-108 - last updated December 31, 2021 | https://codes.findlaw.com/md/local-government/md-code-local-govt-sect-22-108/
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