§ 4-318. Tax-exempt status of revenue bonds and notes
West's Annotated Code of MarylandTransportation
MD Code, Transportation, § 4-318
§ 4-318. Tax-exempt status of revenue bonds and notes
The revenue bonds, notes, and other evidences of obligation issued under this subtitle, their transfer, the interest payable on them, and any income derived from them, including any profit realized in their sale or exchange, shall be exempt at all times from every kind and nature of taxation by this State or by any of its political subdivisions, municipal corporations, or public agencies of any kind.
Credits
Added by Acts 1977, c. 13, § 2, eff. July 1, 1977.
Formerly Art. 94A, § 23.
MD Code, Transportation, § 4-318, MD TRANS § 4-318
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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