Md. Code, Tax - Property § 7-515

in effect

(a) 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) 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.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtp&section=7-515&enactments=falseFetched: 10/17/2026