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Section 12-813 - Exemption of Authority Property From All Taxation -- Negotiated Payment in Lieu of Taxes on Authority Property — Maryland Law | CourtGPT
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  8. Section 12-813 - Exemption of Authority Property From All Taxation -- Negotiated Payment in Lieu of Taxes on Authority Property
Maryland Legal Code

Section 12-813 - Exemption of Authority Property From All Taxation -- Negotiated Payment in Lieu of Taxes on Authority Property

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(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.