Maryland Statutes
§ 12-211
Maryland § 12-211
This text of Maryland § 12-211 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Economic Development § 12-211 (2026).
Text
(a)The principal amount of bonds, interest payable on bonds, the transfer of bonds, and income from bonds, including profit made in the sale or transfer of bonds, are exempt from State and local taxes.
(b)If a political subdivision leases as a lessor its property within a development district, a RISE zone, or a sustainable community:
(1)the property shall be assessed and taxed in the same manner as privately owned property; and
(2)the lease shall require the lessee to pay taxes or payments in lieu of taxes on the assessed value of the entire property and not only on the assessed value of the leasehold interest.
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Nearby Sections
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Bluebook (online)
Maryland § 12-211, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gec/12-211.