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§ 19-221. Exemption from taxation

West's Annotated Code of MarylandLocal GovernmentEffective: October 1, 2013

West's Annotated Code of Maryland
Local Government (Refs & Annos)
Division IV. Local Finance [Titles 16-23] (Refs & Annos)
Title 19. Public Debt (Refs & Annos)
Subtitle 2. Public Securities (Refs & Annos)
Part III. Bond and Grant Anticipation Notes (Refs & Annos)
Effective: October 1, 2013
MD Code, Local Government, § 19-221
Formerly cited as MD CODE, Art. 31, § 12
§ 19-221. Exemption from taxation
Currentness
The following obligations are exempt from State and local taxation:
(1) a bond or grant anticipation note issued under this part;
(2) a bond issued to pay the notes issued under item (1) of this section; and
(3) the interest on the obligations.

Credits

Added by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013.
MD Code, Local Government, § 19-221, MD LOCAL GOVT § 19-221
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document