The governing body of Allegany County, Anne Arundel County, Montgomery County, or Washington County or the governing body of a municipal corporation in those counties may authorize, by law, an exemption from county or municipal corporation property tax for the property that is described in § 6–102(e) of this article. Except for an interest in federal enclave property as defined in § 7–211.3 of this title, in all counties except Worcester County, the governing body of the county or of a municipal corporation in those counties or the Mayor and City Council of Baltimore City may authorize, by law, an exemption from county or municipal corporation property tax for the property described in § 6–102(e) of this article and provide for a negotiated payment in lieu of the tax. Notwithstanding subsections (a) and (b) of this section, the assessment of any property exempted under subsections (a) and (b) of this section shall be included in the assessable base of the county or municipal corporation to determine the amount of any State aid that is based on the assessable base of the county or municipal corporation.

In this subsection, “essential service facilities” includes dining halls, community rooms, and infirmaries. Real property that meets the requirements of subsection (b) of this section is not subject to property tax if the owner of the real property is: a person who meets the ownership requirements of § 7–202 of this title; a nonprofit corporation that is exempt from income tax under § 10–104 of the Tax – General Article; a limited liability company that is wholly owned by a nonprofit corporation that is exempt from income tax under § 10–104(2) of the Tax – General Article; or a nonprofit housing corporation as defined in § 12–104(b) of the Housing and Community Development Article; and engaged solely in constructing, operating, or managing rental housing and other related essential service facilities that: are substantially completed or substantially rehabilitated on and after July 1, 1973, or, in Montgomery County, substantially completed or substantially rehabilitated on and after January 1, 1968; are partially or totally financed under a government program that provides housing for low income families; and are operated on a nonprofit basis with the revenues from the operation of the housing and facilities controlled under the government program in order not to produce any net income; or a limited partnership whose managing general partner is: a housing authority as defined in § 12–101 of the Housing and Community Development Article; a nonprofit corporation that is exempt from income tax under § 10–104(2) of the Tax – General Article; a limited liability company that is wholly owned by a nonprofit corporation that is exempt from income tax under § 10–104(2) of the Tax – General Article; or a for profit corporation in which 100% of the stock is owned by a nonprofit corporation that is exempt from income tax under § 10–104(2) of the Tax – General Article; and engaged in the operation, construction, or management of a qualified low income housing project as defined in the Internal Revenue Code. The real property described in subsection (a) of this section may be exempt from property tax only if: the governing body of the political subdivision where the real property is located approves an agreement between: the political subdivision and the owner for real property described in subsection (a)(2)(i)1A, B, and C and (a)(2)(ii)1B, C, and D of this section; or the county and, where applicable, municipal corporation and the owner for real property described in subsection (a)(2)(i)1D and (a)(2)(ii)1A of this section; and under the agreement the owner pays the political subdivision or the county and, where applicable, municipal corporation a negotiated amount in lieu of the property tax. Except as provided under paragraph (2) of this subsection, an agreement under subsection (b) of this section may provide for abating or reducing property tax previously imposed on the real property. For an agreement concerning real property described under subsection (a)(2)(i)1D of this section, the abatement or reduction of property tax previously imposed is from the date during the taxable year when the instrument transferring title to that real property was recorded. For property described in subsection (a)(2)(i)1 and 2 of this section, any amount negotiated under this section in lieu of the property tax shall be divided between the State and the political subdivision in the ratio that the tax rate of the State, and the political subdivision each bears to the total of the tax rates of the State and the political subdivision. For property described in subsection (a)(2)(i)1D of this section, any amount negotiated under this section in lieu of property tax shall be divided between the county and, where applicable, the municipal corporation in the ratio that the tax rate of the county and municipal corporation each bears to the total of the tax rates of the county and municipal corporation. The payment to the county and, where applicable, the municipal corporation may not exceed an amount equal to property tax imposed on similar property.

In this subsection, “service facilities” includes nondwelling commercial and community facilities, community rooms, dining halls, and infirmaries. Real property is exempt from Baltimore City property tax if: the real property is exempted under the express terms of an approved urban renewal land disposition agreement; the real property is exempted by an agreement in effect on or after July 1, 1976, with the Mayor and City Council of Baltimore, which agreement provides for the owner to pay a negotiated sum in lieu of Baltimore City property tax; the real property is owned by: a limited distribution partnership; or a limited distribution partnership that: acquires equitable ownership to receive substantial financial assistance; and is approved by the United States Department of Housing and Urban Development and any other appropriate government agency; and the structures and facilities of the property are governmentally controlled as to rents, charges, rates of return, and methods of operation so that the real property operates on a nonprofit or limited distribution basis. If the structure and facilities of the real property are used predominantly for residential purposes, the real property may contain service facilities to serve its occupants and the surrounding neighborhood. The real property described in subsection (a) of this section is exempt from Baltimore City property tax when the owner of the real property and the governing body of Baltimore City agree on the payment that the owner shall make to Baltimore City in lieu of Baltimore City property tax on the real property. Except as provided in paragraph (2) of this subsection, an agreement under subsection (b) of this section may provide for abating or reducing Baltimore City property tax previously imposed on the real property if the agreed payment in lieu of Baltimore City property tax is made for any period for which the tax is abated or reduced. Baltimore City property tax on the real property from before the July 1, 1976 taxable year may not be abated or reduced.

In this section, “Downtown Management District” means the district whose boundaries are set forth in Article II, § 61(a)(2)(i) of the Baltimore City Charter. Vacant and underutilized commercial buildings that are under a development plan are exempt from county property tax if: the real property is located in the Downtown Management District; the real property meets two of the following criteria: the improvement on the property is over 25 years old; the property was last used as commercial space with accessory uses; or the property has been at least 75% vacant for more than 3 years; the real property is owned by a person who: is engaged in constructing and operating housing structures or projects, including nondwelling commercial and community facilities; provides a minimum of $500,000 of private capital in the development of the residential portion of the project; renovates the real property so that at least 75% of the total leasable square footage of the building is used for rental residential housing; and demonstrates to the satisfaction of the Board of Estimates of Baltimore City the financial necessity for an agreement as authorized by this section; and the owner of the real property and the Baltimore City Board of Estimates agree on the payment that the owner shall make to Baltimore City in lieu of the county property taxes. Real property that qualifies for an exemption under this section is exempt from county property tax to the extent that the parties agree under subsection (b) of this section.

In this section, “economic development project” means a real estate development project for which a payment in lieu of taxes agreement was entered into prior to June 30, 1999, in accordance with former § 7–504.1 of this subtitle as enacted by Chapter 403 of the Acts of 1996, or that consists of newly constructed or rehabilitated commercial or multifamily residential property if the real estate development project: had a certificate of occupancy as of January 1, 1999 or will have a certificate of occupancy issued on or after January 1, 1999; and includes at least one of the following: a hotel that: provides at least 100 full–time equivalent job opportunities; and has a private capital investment of equity and debt combined of at least $20,000,000; an office building that: provides at least 150 full–time equivalent job opportunities; and has a private capital investment of equity and debt combined of at least $20,000,000; a retail facility that: provides at least 100 full–time equivalent job opportunities; and has a private capital investment of equity and debt combined of at least $10,000,000; a multifamily residential facility that has a private capital investment of equity and debt combined of at least $5,000,000; an off–street parking facility that: contains at least 250 parking spaces; and has a private capital investment of equity and debt combined of at least $2,500,000; or a mixed–use facility that contains one or more of the facilities described in items (i) through (v) of this item, at least one of which satisfies the minimum criteria set forth in item (i), (ii), (iii), (iv), or (v) of this item. An economic development project is exempt or partially exempt from Baltimore City real property tax if: the owner or owners of the economic development project demonstrate to the satisfaction of the Board of Estimates of Baltimore City: that the City of Baltimore or its designated agency has conducted an economic analysis of the project including: a detailed description of the project and the development budget including the identification of all sources of debt and equity financing; a multiyear cash flow proforma of the project detailing all incoming and outgoing cash flow including revenues, operating expenses, debt service, taxes, capital expenditures and any other cash outlays; the projected return on investment for the owner; a determination that the project is an economic development project meeting the requirements of this section; and any other relevant analysis; the public benefit that the project will provide, including: the number of jobs expected to be created, directly or indirectly, as a result of the project and the percentage of those jobs expected to be held by residents of Baltimore City; the wage rates and benefit packages for the jobs expected to be created; other tax revenues of Baltimore City, exclusive of real property taxes, that the project is expected to generate during the term of the payment in lieu of taxes agreement, including admissions and amusement, personal property, hotel, parking, utility, and other taxes; the encouragement of economic development; the general promotion and improvement of Baltimore City and its facilities; and any other relevant benefits; the financial necessity for an exemption as authorized under this section; and that the private capital being invested in the economic development project includes an equity investment that is: commensurate with the overall undertaking; and at least 10% of the combined equity and debt investment in the case of a hotel facility or an office building facility; or at least $250,000 in the case of a multifamily residential facility or an off–street parking facility; the Mayor and City Council of Baltimore City have authorized the project by a resolution that stipulates that the project will not involve gambling activities: beyond those gambling activities allowed by law as of January 1, 1999; or related to any game not authorized by the Maryland State Lottery; the owner or owners of the economic development project and the Baltimore City Board of Estimates enter into a payment in lieu of taxes agreement specifying: an amount that the owner or owners shall pay to Baltimore City each year in lieu of the payment of Baltimore City real property taxes during the term of the agreement that is not less than: except as provided in item 3 of this item, for an economic development project that is newly constructed or rehabilitated commercial or multifamily property, the sum of the taxes on the property before the construction or rehabilitation of the project and 5% of the Baltimore City real property taxes related to the economic development project that would have otherwise been due absent the agreement; except as provided in item 3 of this item, for an economic development project that was the subject of a payment in lieu of taxes agreement prior to June 30, 1999, in accordance with former § 7–504.1 of this subtitle as enacted by Chapter 403 of the Acts of 1996, 5% of the Baltimore City real property taxes related to the economic development project that would have otherwise been due absent the agreement; or for an economic development project for which a building permit is issued prior to September 30, 1999, the taxes on the property before the construction or rehabilitation of the project; the term of the agreement, not to exceed 25 years from the date a certificate of occupancy for the project is issued; and that each year after the expiration of the agreement, full property taxes shall be payable on the property; and prior to or no later than 18 months from the date of entering into the payment in lieu of taxes agreement, construction of the project has commenced and all conditions for the financing required for the construction of the project have been satisfied or waived. An economic development project is exempt or partially exempt from Baltimore City real property tax as the parties agree under subsection (b) of this section. On or before January 1 of each year, the City of Baltimore or its designated agency shall report to the President of the City Council of Baltimore and, subject to § 2–1257 of the State Government Article, to the General Assembly of Maryland: a description of each project for which the City entered into a payment in lieu of taxes agreement under this section during the prior fiscal year, including a statement of the analysis of the project described in subsection (b)(1) of this section; and for those projects that have a payment in lieu of taxes agreement and for which construction or rehabilitation has been completed: the number and types of jobs created during the preceding fiscal year and estimated to be created during the following fiscal year; the total taxes that the project is estimated to have generated, directly and indirectly, for the City of Baltimore during the preceding fiscal year and estimated to be generated during the following fiscal year; and any other economic benefits of the project.

In this section the following words have the meanings indicated. “Hippodrome Performing Arts Center facility” means the Hippodrome Performing Arts facility as defined in § 10–601 of the Economic Development Article. “Hippodrome Performing Arts Center site” means the Hippodrome Performing Arts site as defined in § 10–601 of the Economic Development Article. The Hippodrome Performing Arts Center site and the Hippodrome Performing Arts Center facility are subject to property taxes unless: such properties are used principally as a performing arts center; and the owner of such properties and the Baltimore City Board of Estimates agree on a payment that the owner shall make to Baltimore City in lieu of Baltimore City real property taxes.

In this section, “economic development project” means a real estate development project that consists of newly constructed or rehabilitated commercial or multifamily residential property if the real estate development project: exists within the Downtown RISE District as described in subsection (b) of this section; and includes at least one of the following: a hotel; an office building; a retail facility; a multifamily residential facility; or a mixed–use facility that contains one or more of the facilities described in items (i) through (iv) of this item. The Downtown RISE District consists of: ward 4, precinct 1; ward 4, precinct 2; ward 4, precinct 3; ward 22, precinct 1; ward 22, precinct 2; and ward 21, precinct 5. An economic development project is exempt or partially exempt from Baltimore City real property tax if: the owner of the economic development project demonstrates to the satisfaction of the Baltimore City Board of Estimates that the City of Baltimore or its designated agency has conducted an economic analysis of the project, including an assessment of the financial necessity for an exemption as authorized under this section; and the owner of the economic development project and the Baltimore City Board of Estimates enter into a payment in lieu of taxes agreement specifying the amount that the owner shall pay to Baltimore City each year in lieu of Baltimore City property taxes during the term of the agreement. To be eligible for a payment in lieu of taxes agreement under this section, the owner of an economic development project shall, on or before June 30, 2036: apply to enter into a payment in lieu of taxes agreement; have building permits issued; and have satisfied or waived all conditions for the financing required for the construction of the project. On or before January 1 each year, the City of Baltimore or its designated agency shall report to the President of the City Council of Baltimore and, subject to § 2–1257 of the State Government Article, the General Assembly: a description of each economic development project for which the City of Baltimore entered into a payment in lieu of taxes agreement under this section during the preceding fiscal year, including a statement of the analysis of the project described in subsection (c)(1) of this section; and for those economic development projects that have a payment in lieu of taxes agreement under this section, and for which construction or rehabilitation has been completed: the number and types of jobs created during the preceding fiscal year and estimated to be created during the following fiscal year; the total taxes that the project is estimated to have generated, directly and indirectly, for the City of Baltimore during the preceding fiscal year and estimated to be generated during the following fiscal year; and any other economic benefits of the project.

In this subsection, “service facilities” includes nondwelling commercial and community facilities, community rooms, dining halls, and infirmaries. Except in Baltimore City, real property is exempt from county and municipal corporation property tax if: the real property is owned by a person engaged in constructing or operating housing structures or projects; the real property is used for a housing structure or project that: is constructed or substantially rehabilitated under a federal, State, or local government program that: funds construction or insures its financing; or provides interest subsidy, rent subsidy, or rent supplements; and is substantially completed after July 1, 1978; the structures and facilities of the real property are governmentally controlled as to rents, charges, rates of return, and methods of operation so that the real property operates on a nonprofit or limited distribution basis; and the owner and the governing body of the county and, where applicable, municipal corporation where the real property is located agree that the owner shall pay a negotiated amount in lieu of the applicable county and municipal corporation property tax. If the structure and facilities of the real property are used predominantly for residential purposes, the real property may contain service facilities to serve its occupants and the surrounding neighborhood. Real property described in subsection (a) of this section is exempt when the requirements of subsection (a) of this section are met.

In this subsection, “service facilities” includes nondwelling commercial and community facilities, community rooms, dining halls, and infirmaries. In this subsection, “urban renewal area”: means an urban renewal project that is acquired and disposed of by the Mayor and City Council of Baltimore City under the Baltimore City Charter, Article II(15); and does not include the Madison Park North, the Madison Park South, and the Mount Vernon projects. Real property is exempt from Baltimore City property tax if: the real property is located in an urban renewal area; the real property is owned by a person engaged in constructing and operating housing structures or projects; and the real property is used for a housing structure or project that: is substantially constructed or rehabilitated on and after July 1, 1973; and is governmentally controlled as to rents, charges, rates of return, and methods of operation so that the real property operates on a nonprofit or limited distribution basis; and the owner of the real property and the Baltimore City Board of Estimates agree on the payment that the owner shall make to Baltimore City in lieu of Baltimore City property taxes. If the structure and facilities of the property are used predominantly for residential purposes, the real property may contain service facilities to serve its occupants and the surrounding neighborhood. Real property described in subsection (a) of this section is exempt from Baltimore City property tax as the parties agree under subsection (a) of this section. Subject to § 2–1257 of the State Government Article, annually on or before February 1, Baltimore City shall report to the General Assembly on the effect and operation of all agreements adopted during the previous year under this section.

In this subsection, “service facilities” includes nondwelling commercial and community facilities, community rooms, dining halls, infirmaries, child and adult day care facilities, and drug rehabilitation facilities. Except in Baltimore City, real property may be exempt from county and municipal corporation property tax if: the real property is owned by a person engaged in constructing or operating housing structures or projects; the real property is used for a housing structure or project that is constructed or substantially rehabilitated under a federal, State, or local government program that: funds construction or insures its financing in whole or in part; or provides interest subsidy, rent subsidy, or rent supplements; the owner and the governing body of the county and, where applicable, the municipal corporation where the real property is located agree that the owner shall pay a negotiated amount in lieu of the applicable county or municipal corporation property tax; and the owner of the real property: agrees to continue to maintain the real property as rental housing for lower income persons under the requirements of the government programs described in paragraph (2)(ii) of this subsection; and agrees to renew any annual contributions contract or other agreement for rental subsidy or supplement; or enters into an agreement with the governing body of the county or municipal corporation to allow the entire property or the portion of the property which was maintained for lower income persons to remain as housing for lower income persons for a term of at least 5 years. If the structure and facilities of the real property are used predominantly for residential purposes, the real property may contain service facilities to serve its occupants and the surrounding neighborhood. Real property described in subsection (a) of this section is exempt when the requirements of subsection (a) of this section are met.

Real property may be exempt from municipal corporation property tax if: the real property is owned by: a former tenant of the real property; an association of tenants or former tenants of the real property; an entity in which former tenants or an association of tenants or former tenants holds a majority interest; or a cooperative housing corporation that: operates on a nonprofit basis; operates on a limited equity basis; or is subject to controls on the corporation’s rates of return; the owner and the governing body of the municipal corporation where the real property is located agree that the owner shall pay a negotiated amount in lieu of the applicable municipal corporation property tax; and the owner of the real property agrees to maintain at least 10% of the total number of residential units as housing for low to moderate income households, as set forth in an agreement between the owner and the governing body of the municipal corporation where the real property is located. Real property described in subsection (a) of this section is exempt when the requirements of subsection (a) of this section are met.

In this subsection, “service facilities” includes nondwelling commercial and community facilities, community rooms, dining halls, infirmaries, child and adult day care facilities, and drug rehabilitation facilities. In Prince George’s County, real property may be exempt from county property tax if: the real property is owned by a person engaged in constructing or operating housing structures or projects; the real property is used for a housing structure or project that: is acquired, constructed, or rehabilitated under a federal, State, or local government program that: funds construction or rehabilitation or insures the financing of construction or rehabilitation in whole or in part, including a housing investment trust; or provides interest subsidy, rent subsidy, or rent supplements; is acquired or financed under the Right of First Refusal program under Subtitle 13, Division 14 of the Prince George’s County Code; or is acquired, constructed, or rehabilitated for the purpose of operating rental housing for lower income persons; the owner and the governing body of Prince George’s County agree that the owner shall pay a negotiated amount in lieu of the applicable county property tax; and the owner of the real property: agrees to commence or continue to maintain the real property as rental housing for lower income persons under the requirements of item (ii) of this paragraph; and agrees to renew any annual contributions contract or other agreement for rental subsidy or supplement; or enters into an agreement with the governing body of Prince George’s County to allow the entire property or the portion of the property that was maintained for lower income persons to remain as housing for lower income persons for a term of at least 5 years. If the structure and facilities of the real property are used predominantly for residential purposes, the real property may contain service facilities to serve its occupants and the surrounding neighborhood. Real property described in subsection (a) of this section is exempt when the requirements of subsection (a) of this section are met.

If the Mayor and City Council of Baltimore City or the governing body of a county or of a municipal corporation authorizes, by law, the stock in business consisting of foreign imports of a business engaged in importing is not subject to county or municipal corporation property tax if the foreign import is: in the possession of the business engaged in importing; and in its original package.

In this section, “manufacturer” means a person who engages in at least 2 of the following processes: applies labor, skill, art, or science to materials; makes changes or modifications in existing material by processes usually considered as manufacturing; develops new forms, qualities, properties, or combinations of materials, or adapts materials to certain uses; or produces from materials a different kind of material with a new use. The governing body of Washington County may exempt the raw materials used in a manufacturing process and manufactured products in the possession of a manufacturer from the Washington County property tax.

In this section, “warehouser” means a person engaged only in the business of warehousing merchandise as a distribution center and that the person does not have any retail or wholesale sales persons. The governing body of Washington County may exempt the stock in business of a warehouser from the Washington County property tax.

The governing body of Washington County may enter into an agreement with the owner of a technology–related business that is located or locates in Washington County for a negotiated payment by the owner in lieu of taxes on personal property owned by the technology–related business. An agreement for a negotiated payment in lieu of taxes under this section shall provide that, for the term specified in the agreement: the owner shall pay to Washington County a specified amount each year in lieu of the payment of Washington County personal property tax; and all or a specified part of the personal property of the technology–related business shall be exempt from Washington County personal property tax for the term of the agreement. As specified in an agreement for a negotiated payment in lieu of taxes under this section, for the term specified in the agreement, the personal property of a technology–related business that is located or locates in Washington County is exempt from Washington County personal property tax.

In Calvert County, Caroline County, Cecil County, Kent County, or Queen Anne’s County, when authorized by the governing body of the county by law, 1 or more classes of the personal property of any commercial, manufacturing, or professional business that is actually used in the business, including furniture, fixtures, equipment, and supplies, is not subject to the county property tax.

Subject to subsection (b) of this section, the governing body of Garrett County may reduce, by law, the percent of the assessment on one or more classes or subclasses of personal property listed under § 8-101 of this article. If Garrett County reduces or eliminates the percentage of assessment of taxable personal property under subsection (a) of this section, Garrett County shall submit a copy of the law to the Department. If the Department receives a copy of the law on or before March 1, the change shall be effective for the taxable year following the date the law is enacted.

In this section, “business incubator” has the meaning stated in § 9–247 of this article. The governing body of Garrett County may exempt from the county property tax real property that is: owned by the Garrett College Board of Trustees; known as the Garrett Information Enterprise Center; and used as a business incubator.

The governing body of Cecil County may enter into an agreement with the owner of a facility for the generation of electricity that locates in Cecil County for a negotiated payment by the owner in lieu of taxes on the facility. An agreement for a negotiated payment in lieu of taxes under this section shall provide that, for the term specified in the agreement: the owner shall pay to Cecil County a specified amount each year in lieu of the payment of Cecil County property tax; and all or a specified part of the real and personal property at the facility shall be exempt from Cecil County property tax for the term of the agreement. As specified in an agreement for a negotiated payment in lieu of taxes under this section, for the term specified in the agreement, the real and personal property at a facility for the generation of electricity that locates in Cecil County is exempt from Cecil County property tax. Notwithstanding subsections (a) and (b) of this section, the assessment of any property exempted under this section shall be included in the assessable base of Cecil County for the purpose of computing any State aid to education under § 5-202 of the Education Article or other payments of State aid to the county that by law are based on the assessment of property.

Subject to subsection (b) of this section, the governing body of Dorchester County may reduce, by law, the percent of the assessment of personal property other than operating personal property of a public utility. If the governing body of the county enacts a law reducing the assessment of personal property, personal property other than operating personal property of a public utility is subject to county property tax on: 90% of its value for the first taxable year beginning after enactment of the law; 80% of its value for the second taxable year beginning after enactment of the law; 70% of its value for the third taxable year beginning after enactment of the law; 60% of its value for the fourth taxable year beginning after enactment of the law; 50% of its value for the fifth taxable year beginning after enactment of the law; 40% of its value for the sixth taxable year beginning after enactment of the law; 30% of its value for the seventh taxable year beginning after enactment of the law; 20% of its value for the eighth taxable year beginning after enactment of the law; 10% of its value for the ninth taxable year beginning after enactment of the law; and 0% of its value for the tenth taxable year beginning after enactment of the law and for each taxable year thereafter.

The governing body of a county or a municipal corporation may enter into an agreement with the owner of a facility for the generation of electricity that is located or locates in the county or the municipal corporation for a negotiated payment by the owner in lieu of taxes on the facility. An agreement for a negotiated payment in lieu of taxes under this section shall provide that, for the term specified in the agreement: the owner shall pay to the county or municipal corporation a specified amount each year in lieu of the payment of county or municipal corporation real and personal property tax; and all or a specified part of the real and personal property at the facility shall be exempt from county or municipal corporation property tax for the term of the agreement. As specified in the agreement for a negotiated payment in lieu of taxes under this section, for the term specified in the agreement, the real and personal property at a facility for the generation of electricity that is located or locates in the county or the municipal corporation is exempt from county or municipal corporation property tax. For each taxable year, Washington County shall distribute to the Town of Williamsport an amount equal to 35% of any amount received by the county under a negotiated payment in lieu of taxes under this section from an owner of an electricity generation facility that is located or locates in the Town of Williamsport.

The governing body of Allegany County shall enter into an agreement with an owner or operator of a video lottery facility that locates in Allegany County for a negotiated payment in lieu of taxes on the video lottery facility. An agreement for a negotiated payment in lieu of taxes under this section shall provide that, for the term specified in the agreement: a specified amount shall be paid to Allegany County in lieu of the payment of Allegany County property tax; and all or a specified part of the real and personal property at the video lottery facility shall be exempt from Allegany County property tax for the term of the agreement.

In this section the following words have the meanings indicated. “Designated focus area” means: a transit–oriented development, defined as a development or project within one–half mile of a Washington Metropolitan Area Transit Authority transit station or one–half mile of a Maryland Area Regional Commuter transit station, as measured from the main entrance of the building to the nearest entrance of the transit station; a revitalization tax credit district, as defined in § 10–235.02 of the Prince George’s County Code and designated by the governing body of Prince George’s County; or an urban renewal area, as designated by the governing body of Prince George’s County. “Economic development project” means a real estate development project that consists of newly constructed or rehabilitated commercial property if the real estate development project: has a certificate of occupancy issued on or after October 1, 2012; is located on one or more parcels of land, all of which are situated in a designated focus area; and includes at least one of the following: a hotel that: provides at least 100 full–time equivalent job opportunities; and has a private capital investment of equity and debt combined of at least $20,000,000; an office building that: provides at least 100 full–time equivalent job opportunities; and has a private capital investment of equity and debt combined of at least $20,000,000; a retail facility that: provides at least 100 full–time equivalent job opportunities; and has a private capital investment of equity and debt combined of at least $10,000,000; an off–street parking facility that: contains at least 250 parking spaces; and has a private capital investment of equity and debt combined of at least $2,500,000; or a mixed–use facility that contains one or more of the facilities described in items 1 through 4 of this item, at least one of which satisfies the minimum criteria set forth in item 1, 2, 3, or 4 of this item. The governing body of Prince George’s County, by resolution, may exempt or partially exempt an economic development project from the county real property tax if: the owner or owners of the economic development project demonstrate to the satisfaction of the County Executive and County Council of Prince George’s County: that the county or its designated agency has conducted an economic analysis of the project, including: a detailed description of the project and the development budget, including the identification of all sources of debt and equity financing; a multiyear cash flow pro forma of the project detailing all incoming and outgoing cash flow revenues, operating expenses, debt service, taxes, capital expenditures, and any other cash outlays; the projected return on investment for the owner or owners; a determination that the project is an economic development project that meets the requirements of this section; and any other relevant analysis; the public benefit that the project will provide, including: the number of jobs expected to be created, directly or indirectly, as a result of the project and the percentage of those jobs expected to be held by Prince George’s County residents; the wage rates and benefit packages for the jobs expected to be created; other Prince George’s County tax revenues, exclusive of real property taxes, that the project is expected to generate during the term of the payment in lieu of taxes agreement, including income, admissions and amusement, personal property, hotel, parking, energy, and other taxes; the encouragement of economic development; the general promotion and improvement of Prince George’s County and its facilities; the participation of local minority business enterprises and local business enterprises in the economic development project; and any other relevant benefits; the financial necessity for an exemption authorized under this section; and that the private capital being invested in the economic development project includes an equity investment that is: commensurate with the overall undertaking; and for a hotel or an office building, an amount greater than or equal to 10% of the combined equity and debt investment; or for an off–street parking facility, an amount greater than or equal to $250,000; the owner or owners of the economic development project and the governing body of Prince George’s County enter into a payment in lieu of taxes agreement or multiple payment in lieu of taxes agreements for different phases of the economic development project that specify: an amount that the owner or owners shall pay to the county each year in lieu of the payment of county real property taxes during the term of the agreement that is not less than the sum of: the taxes on the property before the construction or rehabilitation of the project; and 25% of the county real property taxes related to the economic development project that would have otherwise been due absent the agreement; the term of the agreement, not to exceed 15 years from the date a certificate of occupancy is first issued for the project or the date a certificate of occupancy is first issued for any phase of the project that is covered by the agreement; and that each year after the expiration of the agreement, full property taxes shall be payable on the property; prior to or no later than 18 months from the date of entering into the payment in lieu of taxes agreement, construction of the project or any phase of the project that is covered by the agreement has commenced and all conditions for the financing required for the construction of the project or phase of the project that is covered by the agreement have been satisfied or waived; and the authorizing resolution states that the project may not involve gambling activities. On or before January 1 of each year, the Prince George’s County Executive or the County Executive’s designated agency shall submit a report to the Prince George’s County Council and, in accordance with § 2–1257 of the State Government Article, to the Prince George’s County House and Senate Delegations of the General Assembly of Maryland that contains: a description of each project for which the county entered into a payment in lieu of taxes agreement under this section during the prior fiscal year, including a statement of: the basis on which each project met the requirements for the definition of an economic development project set forth in subsection (a) of this section; and the analysis of the project described in subsection (b)(1) of this section; and for those projects that have a payment in lieu of taxes agreement and for which construction or rehabilitation has been completed: the number and types of jobs created during the preceding fiscal year and estimated to be created during the following fiscal year; the total taxes that the project is estimated to have generated directly and indirectly for the county during the preceding fiscal year and estimated to be generated during the following fiscal year; and any other economic benefits of the project.

The governing body of Calvert County may enter into an agreement with the owner of a facility for the liquefaction of natural gas that is located or locates in the county for a negotiated payment by the owner in lieu of taxes on the facility. An agreement for a negotiated payment in lieu of taxes under this section shall provide that, for the term specified in the agreement: the owner shall pay to the county a specified amount each year in lieu of the payment of county real, operating real, personal, or operating personal property tax; and all or a specified part of the real, operating real, personal, or operating personal property at the facility shall be exempt from county property tax for the term of the agreement. As specified in an agreement for a negotiated payment in lieu of taxes under this section, for the term specified in the agreement, the real, operating real, personal, or operating personal property at a facility for the liquefaction of natural gas that is located or locates in the county is exempt from county property tax. On the written request of the governing body of Calvert County, the supervisor shall assess the real, operating real, personal, or operating personal property of the owner of a facility for the liquefaction of natural gas with whom the county has entered into a payment in lieu of taxes agreement under this section.

In this section, “affordable housing land trust” and “affordable housing land trust agreement” have the meanings stated in § 14–501 of the Real Property Article. The governing body of Frederick County may exempt real property from the Frederick County property tax if the real property is: owned by an affordable housing land trust; and not subject to an affordable housing land trust agreement.

In this section the following words have the meanings indicated. “Community–managed open space” means a local park, garden, woods, or other predominantly undeveloped area that is utilized and cared for by the local community in a natural or cultivated state for the general benefit of the local community. “Community open space management entity” means a nonprofit organization that has a cooperative agreement with the Maryland Environmental Trust and the purposes of which are primarily to: preserve community–managed open spaces in fully developed areas; acquire, sell, lease, transfer, manage, establish, or hold easements to parcels of land for use as community–managed open space in fully developed areas; and encourage, support, and facilitate the participation of communities in the beautification, maintenance, and preservation of community–managed open spaces in fully developed areas. The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may exempt property owned by a community open space management entity from the county or municipal property tax. The governing body of a county or municipal corporation may enact regulations, procedures, and any other provision necessary to carry out the exemption under this section.

In this section the following words have the meanings indicated. “Economic development project” means a real estate development project in Anne Arundel County that consists of newly constructed or rehabilitated commercial property if the property has not been the subject of a condemnation or eminent domain proceeding undertaken for purposes related to the project. “Public benefit” means a unique and quantifiable service to be provided by the economic development project for the benefit of schools, public safety, or other local government services beyond that which would arise generally from a private business development project. The governing body of Anne Arundel County may exempt or partially exempt an economic development project from the county real or personal property tax if: the owner of the economic development project demonstrates to the satisfaction of the Anne Arundel County Executive and County Council of Anne Arundel County that the project is an economic development project that provides a public benefit; and on or before June 30, 2020, the owner of the economic development project and the county enter into a payment in lieu of taxes agreement, approved by ordinance of the County Council, that specifies: any amount that the owner of the economic development project shall pay to the county each year in lieu of the payment of county real or personal property taxes during the term of the agreement; any services that the economic development project shall provide to the county each year of the term of the payment in lieu of taxes agreement; the term of the agreement; and that each year after the expiration or termination of the agreement, full real and personal property taxes shall be payable on the property. The owner of the economic development project and the county may modify any payment in lieu of taxes agreement entered into on or before June 30, 2020, if the modification is approved by ordinance of the County Council.

In this section, “moderate income” and “moderate income housing unit” have the meanings stated in Title 13, Subtitle 4 of the Howard County Code. In Howard County, real property may be exempt from county property tax if: the owner of the real property and the governing body of Howard County agree that the owner shall pay a negotiated amount in lieu of the county property tax; and the owner of the real property enters into an agreement with the governing body of Howard County to maintain a number of residential units located at the real property as housing for moderate income households that exceeds the minimum number of moderate income housing units required by local zoning laws in effect on the date of the agreement. Real property described in subsection (b) of this section is exempt when the requirements of subsection (b) of this section are met. The County Executive of Howard County: shall publish on the county’s website the methodology to be used for calculating the negotiated payment amount for an agreement authorized under subsection (b) of this section; and subject to paragraph (3) of this subsection, may revise at any time the methodology published under this paragraph. At least once every 5 years, the County Executive of Howard County shall reevaluate the methodology to be used for calculating a negotiated payment amount for a potential agreement authorized under subsection (b) of this section. If any revisions are made under paragraph (1)(ii) or (2) of this subsection to the most recently published methodology, the County Executive of Howard County shall publish the revised methodology on the county’s website. The governing body of Howard County may not enter an agreement authorized under subsection (b) of this section unless the negotiated payment amount for the agreement was determined in accordance with the methodology most recently published on the county’s website.

In this section, “affordable dwelling unit” has the meaning stated in § 7–501 of the Land Use Article. Real property that is used for rental housing may be exempt from county property tax if: the owner of the real property and the governing body of the county agree that the owner shall pay a negotiated amount in lieu of the county property tax; and the owner of the real property enters into an agreement with the governing body of the county to maintain at least 25% of the rental housing units located at the real property as affordable dwelling units for a period of at least 15 years. In an agreement under this section, the governing body of the county may require the owner of real property to maintain a higher percentage of rental housing units as affordable dwelling units than the minimum percentage specified in subsection (b)(2) of this section. Real property described in subsection (b) of this section is exempt when the requirements of subsection (b) of this section are met.

The governing body of a county may enter into an agreement with a broadband services provider located in the county for a negotiated payment by the provider in lieu of taxes on property located in the county and owned by the provider. An agreement for a negotiated payment in lieu of taxes under this section shall provide that, for the term specified in the agreement: the provider shall pay to the county a specified amount each year in lieu of the payment of county real and personal property tax; and all or a specified part of the provider’s real and personal property located in the county shall be exempt from county property tax for the term of the agreement. As specified in an agreement for a negotiated payment in lieu of taxes under this section, for the term specified in the agreement, the provider’s real and personal property located in the county is exempt from county property tax.

Notwithstanding the exemption from property tax under § 7–251 of this title, the Hagerstown Multi–Use Sports and Events Facility, Inc. may pay to the governing body of Washington County or the City of Hagerstown an amount, if any, that may be set by mutual agreement in lieu of the taxes that would otherwise be due on all or part of the facility.