Md. Code, Economic Development § 12-813
This is the official text of Md. Code, Economic Development § 12-813, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§12–813.
Official statutory text
(a) The property owned or held by and the revenues of the Authority are exempt from taxation of every kind by the State or any county, municipal corporation, or public unit.
(b) Notwithstanding the provisions of subsection (a) of this section, on a request of the Authority, the county, by local law, may provide for a negotiated payment in lieu of taxes for property owned or held by the Authority.
(b) Notwithstanding the provisions of subsection (a) of this section, on a request of the Authority, the county, by local law, may provide for a negotiated payment in lieu of taxes for property owned or held by the Authority.
Status: in_force · Read it on the official government site
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