<?xml version='1.0' encoding='utf-8'?>
<section article="gtp" article_name="Tax - Property" number="7-517" title_number="7" title_name="Property Tax Exemptions" subtitle_number="5" subtitle_name="County Exemptions -- Optional; Payments in Lieu of Taxes">
  <level label="a">
    <text>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.</text>
  </level>
  <level label="b">
    <text>An agreement for a negotiated payment in lieu of taxes under this section shall provide that, for the term specified in the agreement:</text>
    <level label="1">
      <text>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</text>
    </level>
    <level label="2">
      <text>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.</text>
    </level>
  </level>
  <level label="c">
    <text>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.</text>
  </level>
  <level label="d">
    <text>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.</text>
  </level>
</section>
