The principal of and interest on bonds or tax anticipation notes issued in accordance with the charter of a municipality or this subtitle are exempt from State and local taxes.
Structure Maryland Statutes
Subtitle 3 - Creation of Public Debt -- Municipalities
Section 19-301 - Conflict With Charter; Authority to Adopt Charter Amendments and to Exercise Powers
Section 19-302 - Authority to Borrow Money and Issue Bonds and Tax Anticipation Notes
Section 19-303 - Procedures for Issuing Bonds
Section 19-304 - Limitations on Authority to Issue Bonds and Tax Anticipation Notes
Section 19-305 - Negotiability of Bonds and Tax Anticipation Notes
Section 19-306 - Tax Status of Bonds and Tax Anticipation Notes
Section 19-307 - Investment of Sinking Fund and Bond Proceeds
Section 19-308 - Liability for Bonds and Tax Anticipation Notes; Imposition of Taxes; Limits on Debt