2010 Maryland Code
Subtitle 5 - County Exemptions - Optional; Payments in Lieu of Taxes
Section 7-515 - Video lottery facility in Allegany County.

§ 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.] 

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