(a) Except as provided in subsection (b) of this section, the Corporation is exempt from any requirement to pay taxes or assessments on its properties or activities, or any revenue from its properties or activities.
(b) Property that the Corporation sells or leases to a private entity is subject to State and local real property taxes from the time of the sale or lease.
(c) The bonds of the Corporation, including the interest on the bonds, are forever exempt from all State and local taxes.
Structure Maryland Statutes
Division II - Independent and Regional Development Units and Resources
Title 10 - Statewide Development Resources and Revenue Authorities
Subtitle 1 - Maryland Economic Development Corporation
Section 10-102 - Construction of Subtitle
Section 10-103 - Scope of Subtitle
Section 10-104 - Legislative Findings; Purposes; Intent
Section 10-106 - Board of Directors
Section 10-108 - Quorum; Meetings
Section 10-109 - Executive Director
Section 10-110 - Staff; Consultants
Section 10-111 - Applicability of Laws
Section 10-112 - Findings of Board
Section 10-113 - Accounting; Fiscal Year
Section 10-114 - Money of Corporation
Section 10-115 - Powers -- in General
Section 10-116 - Powers -- Projects
Section 10-117 - Powers -- Debt
Section 10-118 - Bonds -- in General
Section 10-119 - Bonds -- Legal Investments
Section 10-120 - Bonds -- Liability; Full Faith and Credit
Section 10-121 - Bonds -- Trust Agreement
Section 10-122 - Bonds -- Investment of Proceeds
Section 10-123 - Bonds -- Refunding Bonds
Section 10-124 - Bonds -- Enforcement of Rights and Duties
Section 10-125 - Project Financing
Section 10-126 - Rates and Charges
Section 10-128 - Transfer of Real Property
Section 10-130 - Dorchester County Economic Development Fund