Section 4-252 - Tax-exempt status. - Maryland Statutes

§ 4-252. Tax-exempt status.
 

The following are exempt at all times from taxation of every kind and nature whatsoever by the State, a political subdivision, or a governmental unit of any kind: 

(1) a bond or note that the Administration issues under this part; 

(2) the transfer of, interest payable on, or income derived from the bond or note; and 

(3) profit realized by the sale or exchange of the bond or note. 
 

[An. Code 1957, art. 83B, § 2-206(q); 2005, ch. 26, § 2.]