Statutes Text
Article - Tax - Property
§7–246.
(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.
(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.