{"data":{"id":"us-md/md.-code-local-government-1-1415","jurisdiction":"us-md","citation":"Md. Code, Local Government § 1–1415","heading":"","body":"(a) An authority is exempt from any State or local tax or assessment on the\nauthority’s properties or activities or on any revenue from the properties or activities.\n(b) Except as provided in subsection (d) of this section, property that an\nauthority sells or leases to a private entity is subject to State and local property taxes\nfrom the time of the sale or lease.\n(c) The principal of and interest on bonds, the transfer of bonds, and any\nincome derived from the bonds, including profits made on their sale or transfer, are\nexempt from all State and local taxes.\n(d) Sale or lease to a nonprofit organization, as defined in § 1–101 of the\nHousing and Community Development Article, is exempt from State and local\nproperty taxes from the time of sale or lease, if:\n(1) the nonprofit organization has entered into an agreement with an\nauthority to redevelop the property; and\n(2) the agreement is in force and effect and not defaulted on within\nthe application period.","path":["Article - Local Government"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=glg\u0026section=1-1415","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:58Z","sha256":"64bd40f308cae3565c452338db2cd77218a55e14b2d83bda64d9b7b1c8e91ced","source_id":"us-md","stale":false,"prev":"us-md/md.-code-local-government-1-1414","next":"us-md/md.-code-local-government-1-1416"},"notice":"GroundRules: Original legal text. Not legal advice."}