§ 10-226. Tax status

Latest version.

(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.

HISTORY: An. Code 1957, art. 41, § 13-115; 2008, ch. 306, § 2.

                    
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