{"data":{"id":"us-md/md.-code-tax-property-7-515","jurisdiction":"us-md","citation":"Md. Code, Tax - Property § 7–515","heading":"","body":"(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.\n(b) An agreement for a negotiated payment in lieu of taxes under this section shall provide that, for the term specified in the agreement:\n(1) a specified amount shall be paid to Allegany County in lieu of the payment of Allegany County property tax; and\n(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.","path":["Article - Tax - Property"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtp\u0026section=7-515","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:01:27Z","sha256":"22a770ad0068f92b57ceeb3932fe1e9aecb61642495bfa1a2305aac792339a51","source_id":"us-md","stale":false,"prev":"us-md/md.-code-tax-property-7-514","next":"us-md/md.-code-tax-property-7-516"},"notice":"GroundRules: Original legal text. Not legal advice."}