(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.
(b) A county or municipality may issue bonds without regard to the federal tax status of the bonds.
Structure Maryland Statutes
Division I - Definitions; General Provisions
Title 1 - Definitions; General Provisions
Subtitle 11 - Clean Energy Loan Programs
Section 1-1102 - Authority to Establish Program
Section 1-1103 - Purpose of Program; Private Lenders
Section 1-1104 - Requirements for Ordinance or Resolution
Section 1-1105 - Surcharge Required
Section 1-1106 - Bonds -- General Authority
Section 1-1107 - Bonds -- Intent; Procedures; Restrictions
Section 1-1108 - Bonds -- Conditions of Issuance