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§ 4-252. Tax-exempt status

West's Annotated Code of MarylandHousing and Community Development

West's Annotated Code of Maryland
Housing and Community Development (Refs & Annos)
Division I. Housing and Community Programs [Titles 1-11] (Refs & Annos)
Title 4. Division of Development Finance (Refs & Annos)
Subtitle 2. Community Development Administration (Refs & Annos)
Part V. Development Expenditures; Administration Bonds and Notes (Refs & Annos)
MD Code, Housing & Community Development, § 4-252
§ 4-252. Tax-exempt status
Currentness
The following are exempt at all times from taxation of every kind and nature whatsoever by the State, a political subdivision, or a governmental unit of any kind:
(1) a bond or note that the Administration issues under this part;
(2) the transfer of, interest payable on, or income derived from the bond or note; and
(3) profit realized by the sale or exchange of the bond or note.

Credits

Added by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005.
MD Code, Housing & Community Development, § 4-252, MD HOUS & CMTY DEV § 4-252
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.
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