§ 19-221
44 words·~1 min read·
/md/local-government/19-221·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§19–221.
The following obligations are exempt from State and local taxation:
(1)a bond or grant anticipation note issued under this part;
(2)a bond issued to pay the notes issued under item
(1)of this section; and
(3)the interest on the obligations.