The tax exempt interest in the State of Maryland is basically interest earned in any other state. besides Maryland. Here is the explanation from the State of Maryland for the tax exempt interest:
TAX EXEMPT STATE OR LOCAL BOND INTEREST. Enter the interest from non-Maryland state or local bonds or other obligations (less related expenses). This includes interest from mutual funds that invest in non-Maryland state or local obligations. Interest earned on obligations of Maryland or any Maryland subdivision is exempt from Maryland tax and should not be entered on this line.
See State of Maryland Instructions for more detail.
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