Md. Code Ann., Tax-Prop. § 7-246
Redline — January 1, 2021 → current.View current text →
Current — January 1, 2025
As of January 1, 2021
(a) In this section, “Laurel Park racing facility site” and “Pimlico racing facility site” have the meanings stated in § 10–601 of the Economic Development Article.
(a) In this section, “Pimlico racing facility site” and “training facility site” have the meanings stated in § 10–601 of the Economic Development Article.
(b) An interest of a person in an improvement at the Laurel Park racing facility site or Pimlico racing facility site or an interest of a person in the real property of the Laurel Park racing facility site or Pimlico racing facility site is not subject to property tax for the duration of: (1) with respect to the Pimlico racing facility site, the long–term agreement described under § 10–646.1(d)(2)(i) of the Economic Development Article; or (2) with respect to the Laurel Park racing facility site, the long–term agreement described under § 10–646.1(d)(2)(ii) of the Economic Development Article.
(b) An interest of a person in an improvement at the Pimlico racing facility site or training facility site or an interest of a person in the real property of the Pimlico racing facility site or training facility site is not subject to property tax for the duration of: (1) with respect to the Pimlico racing facility site, the long–term agreement described under § 10–646.1(d) of the Economic Development Article; or (2) with respect to the training facility site, the long–term agreement described under § 10–646.1(d) of the Economic Development Article.
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.