(a) The Authority, its agent, or its lessee is not required to pay a tax or assessment on:
(1) a project or property that it acquires or uses under this subtitle; or
(2) the income from that project or property.
(b) The principal of and interest on bonds, the transfer of bonds, and any income derived from the bonds, including profits made in their sale or transfer, 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 3 - Maryland Health and Higher Educational Facilities Authority
Section 10-323 - General Authorization
Section 10-324 - Trust Agreement
Section 10-325 - Legal Investments
Section 10-326 - Liability; Full Faith and Credit
Section 10-327 - Rates, Rents, Fees and Charges
Section 10-328 - Sinking Fund -- Established
Section 10-329 - Sinking Fund -- Nature and Application
Section 10-330 - Use of Bond Proceeds and Revenues
Section 10-331 - Refunding Bonds -- in General
Section 10-332 - Refunding Bonds -- Application of Bond Proceeds
Section 10-333 - Refunding Bonds -- Investment or Reinvestment in United States Obligations
Section 10-334 - Bond Anticipation Notes
Section 10-335 - Title Conveyance; Release of Security