{"data":{"id":"us-md/md.-code-economic-development-12-309","jurisdiction":"us-md","citation":"Md. Code, Economic Development § 12–309","heading":"","body":"(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.\n(b) A political subdivision may issue bonds under this subtitle without regard to their federal tax status.","path":["Article - Economic Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec\u0026section=12-309","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:28Z","sha256":"1d3155e4fd6c93cabd96637b2dd712ede0674cc316f5348816d3178ca40c5e60","source_id":"us-md","stale":false,"prev":"us-md/md.-code-economic-development-12-308","next":"us-md/md.-code-economic-development-12-310"},"notice":"GroundRules: Original legal text. Not legal advice."}