State Codes and Statutes
Statutes > Maryland > Economic-development > Title-10 > Subtitle-2 > 10-226§ 10-226. Tax status.
(a) Authority - Exemption from taxation.- Subject to § 10-217(e) of this subtitle, the Authority is exempt from taxation or assessments on any part of a development or project, the Authority's activities in operating and maintaining a development or project, and revenues from a development or project.
(b) Bonds.- The bonds of the Authority, including the interest on the bonds, are forever exempt from State and local taxes.
[An. Code 1957, art. 41, § 13-115; 2008, ch. 306, § 2.]
