The State bonds, the transfer of State bonds, the interest payable on State bonds, and any income derived from State bonds, including profit realized in the sale or exchange of State bonds, are exempt from State and local taxes.
§ 8-131.2
Md. Code, State Finance and Procurement § 8-131.2, under Article — State Finance and Procurement.
Md. Code, State Finance and Procurement § 8-131.2