Md. Code, Tax - Property § 7-515
This is the official text of Md. Code, Tax - Property § 7-515, part of Maryland’s Code, Tax - Property — governs property taxation.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§7–515.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
Need a lawyer in Maryland?
Find a Maryland lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.