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§ 7-246. Interest in property at Laurel Park racing facility site or Pimlico racing facility si...

West's Annotated Code of MarylandTax-PropertyEffective: June 1, 2020

West's Annotated Code of Maryland
Tax-Property
Title 7. Property Tax Exemptions
Subtitle 2. General Property Tax Exemptions
Effective: June 1, 2020
MD Code, Tax - Property, § 7-246
§ 7-246. Interest in property at Laurel Park racing facility site or Pimlico racing facility site
Definitions
(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.
In general
(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.

Credits

Added by Acts 2020, c. 590, § 3, eff. June 1, 2020.
MD Code, Tax - Property, § 7-246, MD TAX PROPERTY § 7-246
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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