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Code · Maryland · Economic Development

§ 12-309

56 words·~1 min read·/md/economic-development/12-309

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§12–309.
(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 sale or exchange of a bond are exempt from State and local taxes.
(b)A political subdivision may issue bonds under this subtitle without regard to their federal tax status.
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