State Codes and Statutes
Statutes > Maryland > Tax-property > Title-7 > Subtitle-5 > 7-515§ 7-515. Video lottery facility in Allegany County.
(a) In general.- 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) Conditions.- 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.
[2007 Sp. Sess., ch. 4.]
