Section 7-246 - Exemption for real property of the Laurel Park racing facility site or Pimlico racing facility site(a) In this section, "Pimlico racing facility site" and "training 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 Pimlico racing facility site or training facility site or an interest of a person in the real property of the Pimlico racing facility site or training 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) of the Economic Development Article; or(2) with respect to the training FACILITY SITE, the long-term agreement described under § 10-646.1(D) of the Economic Development Article.Amended by 2024 Md. Laws, Ch. 410,Sec. 3, eff. 6/1/2024.Added by 2020 Md. Laws, Ch. 590, Sec. 3, eff. 6/1/2020.