Section 7-246 - Exemption for real property of the Laurel Park racing facility site or Pimlico racing facility site(a) In this section, "Laurel Park racing facility site" and "Pimlico racing facility site" have the meanings stated in § 10-601 of the Economic Development Article.(b) An interest of a person in an improvement at the Laurel Park racing facility site or Pimlico racing facility site or an interest of a person in the real property of the Laurel Park racing facility site or Pimlico racing facility site is not subject to property tax for the duration of: (1) with respect to the Pimlico racing facility site, the long-term agreement described under § 10-646.1(d)(2)(i) of the Economic Development Article; or(2) with respect to the Laurel Park racing facility site, the long-term agreement described under § 10-646.1(d)(2)(ii) of the Economic Development Article.Added by 2020 Md. Laws, Ch. 590,Sec. 3, eff. 6/1/2020.