§ 12-713
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/md/economic-development/12-713A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–713. IN EFFECT
// EFFECTIVE UNTIL SEPTEMBER 30, 2029 PER CHAPTERS 215 AND 216 OF 2025 //
(a)Except as provided in subsection
(b)of this section, the Authority is exempt from taxation or assessments on any part of a development or project, the Authority’s activities in operating and maintaining a development or project, and revenues from a development or project.
(b)Any property that is sold or leased by the Authority to a private entity is subject to Baltimore City and local real property taxes from the time of sale or lease.
(c)The Authority is exempt from State and local transfer and recordation tax.