Terms Used In Maryland Code, LOCAL GOVERNMENT 21-614

  • County: means a county of the State or Baltimore City. See
  • including: means includes or including by way of illustration and not by way of limitation. See
  • state: means :

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

    (2) the District of Columbia. See
Bonds issued under this part, a transfer of the bonds, the interest payable on the bonds, and any income derived from the bonds, including any profit realized in the sale or exchange of the bonds, are exempt from taxation by the State or by any county, municipality, or other public unit of the State.