Bill > SB596

This bill creates a specific property tax exemption for the Hagerstown Multi-Use Sports and Events Facility, Inc. The legislation provides that property owned by this organization and primarily used for public social, recreational, and entertainment purposes will be exempt from property taxes. Additionally, the bill allows the facility to negotiate a payment in lieu of taxes (PILOT) with either Washington County or the City of Hagerstown, meaning the organization can voluntarily pay an agreed-upon amount to the local government that may be less than the full property tax that would normally be due. The exemption and payment arrangement are designed to support the facility's public-serving mission while still providing some financial compensation to local government. The bill will take effect on June 1, 2025, and will apply to all taxable years beginning after June 30, 2025, ensuring that the tax treatment of the facility is clearly defined for future fiscal periods.

Budget and Finance

Washington County Senators

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0596?ys=2025RS