Terms Used In Maryland Code, LOCAL GOVERNMENT 18-120

  • County: means a county of the State or Baltimore City. See
  • state: means :

    (1) a state, possession, territory, or commonwealth of the United States; or

    (2) the District of Columbia. See
Bonds, transfer of the bonds, and the interest payable and income derived from the bonds are exempt from all State, county, and municipal taxation.