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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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TAX - PROPERTY |
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TITLE 7. PROPERTY TAX EXEMPTIONS |
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SUBTITLE 2. GENERAL PROPERTY TAX EXEMPTIONS |
§ 7-244. Video lottery terminals and associated equipment and table games.
Latest version.
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(a) Definitions. --
(1) In this section the following words have the meanings indicated.
(2) "Associated equipment" has the meaning stated in § 9-1A-01 of the State Government Article.
(3) "Table games" has the meaning stated in § 9-1A-01 of the State Government Article.
(4) "Video lottery operation license" has the meaning stated in § 9-1A-01 of the State Government Article.
(5) "Video lottery terminal" has the meaning stated in § 9-1A-01 of the State Government Article.
(b) In general. -- Video lottery terminals and any associated equipment or software leased by the State Lottery and Gaming Control Commission as provided in § 9-1A-21 of the State Government Article are not subject to property tax.
(c) Interest of person in terminals and associated equipment exempt. -- An interest of a person in video lottery terminals and any associated equipment or software owned by the State Lottery and Gaming Control Commission as provided in § 9-1A-21 of the State Government Article is not subject to property tax.
(d) Terminals, equipment, software, or table games owned or leased by holder of video lottery operation license exempt. -- Video lottery terminals, any associated equipment and software, and table games owned or leased by a holder of a video lottery operation license are not subject to property tax.