§ 7–515
Statutes in effect as of October 1, 2026.
Md. Code Ann., Tax-Prop. § 7-515 (2026)
Title 7. Property Tax Exemptions
Subtitle 5. County Exemptions -- Optional; Payments in Lieu of Taxes
§ 7–515LinkCopy Citation
(a)
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.
(b)
An agreement for a negotiated payment in lieu of taxes under this section shall provide that, for the term specified in the agreement:
(1)
a specified amount shall be paid to Allegany County in lieu of the payment of Allegany County property tax; and
(2)
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.