The principal amount of bonds, the interest payable on bonds, the transfer of bonds, and any income from bonds, including profit made in the sale or transfer of bonds, are exempt from State and local taxes.
Structure Maryland Statutes
Title 21 - Special Taxing Districts
Subtitle 5 - Districts for Infrastructure Improvements for Selected Counties
Part I - Definitions; General Provisions
Section 21-502 - Application and Construction of Subtitle
Section 21-503 - Authority Granted
Section 21-504 - Purpose of Authority
Section 21-505 - Conditions and Limitations
Section 21-507 - Use of Special Fund When No Bonds Outstanding
Section 21-509 - Termination of Special Taxing District
Section 21-510 - Investment of Special Fund and Sinking Funds
Section 21-511 - Bonds Authorized
Section 21-512 - Conditions of Issuance
Section 21-513 - Bonds Are Securities
Section 21-514 - Payment of Bonds