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Maryland Code — Tax-General + Tax-Property Articles

Md. Code Ann., Tax-Prop. § 7-514

§ 7-514

Official textmgaleg.maryland.gov

# (a)

# (1)

The governing body of a county or a municipal corporation may enter into an agreement with the owner of a facility for the generation of electricity that is located or locates in the county or the municipal corporation for a negotiated payment by the owner in lieu of taxes on the facility.

# (2)

An agreement for a negotiated payment in lieu of taxes under this section shall provide that, for the term specified in the agreement:

(i) the owner shall pay to the county or municipal corporation a specified amount each year in lieu of the payment of county or municipal corporation real and personal property tax; and

(ii) all or a specified part of the real and personal property at the facility shall be exempt from county or municipal corporation property tax for the term of the agreement.

# (b)

As specified in the agreement for a negotiated payment in lieu of taxes under this section, for the term specified in the agreement, the real and personal property at a facility for the generation of electricity that is located or locates in the county or the municipal corporation is exempt from county or municipal corporation property tax.

# (c)

For each taxable year, Washington County shall distribute to the Town of Williamsport an amount equal to 35% of any amount received by the county under a negotiated payment in lieu of taxes under this section from an owner of an electricity generation facility that is located or locates in the Town of Williamsport.

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In this article (40 sections)
  1. gtp-7-502 · § 7-502
  2. gtp-7-503 · § 7-503
  3. gtp-7-504.2 · § 7-504.2
  4. gtp-7-504.3 · § 7-504.3
  5. gtp-7-504.4 · § 7-504.4
  6. gtp-7-504 · § 7-504
  7. gtp-7-505 · § 7-505
  8. gtp-7-506.1 · § 7-506.1
  9. gtp-7-506.2 · § 7-506.2
  10. gtp-7-506.3 · § 7-506.3
  11. gtp-7-506 · § 7-506
  12. gtp-7-507 · § 7-507
  13. gtp-7-508 · § 7-508
  14. gtp-7-509.1 · § 7-509.1
  15. gtp-7-509 · § 7-509
  16. gtp-7-510 · § 7-510
  17. gtp-7-511.1 · § 7-511.1
  18. gtp-7-511 · § 7-511
  19. gtp-7-512 · § 7-512
  20. gtp-7-513 · § 7-513
  21. gtp-7-514 · § 7-514
  22. gtp-7-515 · § 7-515
  23. gtp-7-516 · § 7-516
  24. gtp-7-517 · § 7-517
  25. gtp-7-518 · § 7-518
  26. gtp-7-519 · § 7-519
  27. gtp-7-520 · § 7-520
  28. gtp-7-521 · § 7-521
  29. gtp-8-101 · § 8-101
  30. gtp-8-102 · § 8-102
  31. gtp-8-103 · § 8-103
  32. gtp-8-104 · § 8-104
  33. gtp-8-105 · § 8-105
  34. gtp-8-106 · § 8-106
  35. gtp-8-107 · § 8-107
  36. gtp-8-108 · § 8-108
  37. gtp-8-109 · § 8-109
  38. gtp-8-110 · § 8-110
  39. gtp-8-112 · § 8-112
  40. gtp-8-113 · § 8-113
Full table of contents →