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§ 1-1109. Bonds--Tax status

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

West's Annotated Code of Maryland
Local Government (Refs & Annos)
Division I. Definitions; General Provisions [Titles 1-3] (Refs & Annos)
Title 1. Definitions; General Provisions (Refs & Annos)
Subtitle 11. Clean Energy Loan Programs (Refs & Annos)
Effective: October 1, 2013
MD Code, Local Government, § 1-1109
Formerly cited as MD CODE, Art. 24, § 9-1506
§ 1-1109. Bonds--Tax status
Currentness
State and local
(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.
Federal
(b) A county or municipality may issue bonds without regard to the federal tax status of the bonds.

Credits

Added by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013.
MD Code, Local Government, § 1-1109, MD LOCAL GOVT § 1-1109
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