The principal of and interest on bonds, the transfer of bonds, and any income derived from the bonds, including profits made in their sale or transfer, are forever exempt from State and local taxes.
Md. Code Ann., Econ. Dev. § 12-116
Known as the Maryland Economic Development Revenue Bond Act
The act spans §§ 12–12 (18 sections).
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.