Maryland § 7-515
Full text of Maryland Maryland Code § 7-515, with citation guidance and answers to common questions.
§ 7-515.
(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.
Frequently Asked Questions About Maryland § 7-515
What does Maryland Code § 7-515 cover?
Section 7-515 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 7-515?
A common citation format is "Maryland Code § 7-515" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 7-515 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.