Maryland Code — Tax-General + Tax-Property Articles
Md. Code Ann., Tax-Prop. § 7-517
§ 7-517
# (a)
The governing body of Calvert County may enter into an agreement with the owner of a facility for the liquefaction of natural gas that is located or locates in the county for a negotiated payment by the owner in lieu of taxes on the 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)
the owner shall pay to the county a specified amount each year in lieu of the payment of county real, operating real, personal, or operating personal property tax; and
# (2)
all or a specified part of the real, operating real, personal, or operating personal property at the facility shall be exempt from county property tax for the term of the agreement.
# (c)
As specified in an agreement for a negotiated payment in lieu of taxes under this section, for the term specified in the agreement, the real, operating real, personal, or operating personal property at a facility for the liquefaction of natural gas that is located or locates in the county is exempt from county property tax.
# (d)
On the written request of the governing body of Calvert County, the supervisor shall assess the real, operating real, personal, or operating personal property of the owner of a facility for the liquefaction of natural gas with whom the county has entered into a payment in lieu of taxes agreement under this section.
Source: view the official text
In this article (40 sections)
- gtp-7-504.3 · § 7-504.3
- gtp-7-504.4 · § 7-504.4
- gtp-7-504 · § 7-504
- gtp-7-505 · § 7-505
- gtp-7-506.1 · § 7-506.1
- gtp-7-506.2 · § 7-506.2
- gtp-7-506.3 · § 7-506.3
- gtp-7-506 · § 7-506
- gtp-7-507 · § 7-507
- gtp-7-508 · § 7-508
- gtp-7-509.1 · § 7-509.1
- gtp-7-509 · § 7-509
- gtp-7-510 · § 7-510
- gtp-7-511.1 · § 7-511.1
- gtp-7-511 · § 7-511
- gtp-7-512 · § 7-512
- gtp-7-513 · § 7-513
- gtp-7-514 · § 7-514
- gtp-7-515 · § 7-515
- gtp-7-516 · § 7-516
- gtp-7-517 · § 7-517
- gtp-7-518 · § 7-518
- gtp-7-519 · § 7-519
- gtp-7-520 · § 7-520
- gtp-7-521 · § 7-521
- gtp-8-101 · § 8-101
- gtp-8-102 · § 8-102
- gtp-8-103 · § 8-103
- gtp-8-104 · § 8-104
- gtp-8-105 · § 8-105
- gtp-8-106 · § 8-106
- gtp-8-107 · § 8-107
- gtp-8-108 · § 8-108
- gtp-8-109 · § 8-109
- gtp-8-110 · § 8-110
- gtp-8-112 · § 8-112
- gtp-8-113 · § 8-113
- gtp-8-114 · § 8-114
- gtp-8-201 · § 8-201
- gtp-8-202 · § 8-202