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§ 9-957. Tax exemptions

West's Annotated Code of MarylandEnvironment

West's Annotated Code of Maryland
Environment
Title 9. Water, Ice, & Sanitary Facilities (Refs & Annos)
Subtitle 9. Water and Sewer Authorities
Part VI. Miscellaneous Provisions
MD Code, Environment, § 9-957
§ 9-957. Tax exemptions
Currentness
In general
(a) An authority is not required to pay any tax or assessment on:
(1) Any project; or
(2) The income from any project.
Prohibitions on taxing bonds
(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.

Credits

Added by Acts 1985, c. 173, § 2.
MD Code, Environment, § 9-957, MD ENVIR § 9-957
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.
End of Document