Maryland § 12-211
Full text of Maryland Maryland Code § 12-211, with citation guidance and answers to common questions.
§ 12-211.
(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.
Frequently Asked Questions About Maryland § 12-211
What does Maryland Code § 12-211 cover?
Section 12-211 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 12-211?
A common citation format is "Maryland Code § 12-211" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 12-211 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.