Section 10-226 - Tax status. - Maryland Statutes

§ 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.]