Maryland HB1247 expands the definition of "extraordinary development district" to include immersive entertainment venues, allowing tax increment.
Maryland HB1247 modifies the definition of "extraordinary development district" to include immersive entertainment venues. This change allows the use of tax increment financing to support major private-sector investments in these venues. The bill also expands the purposes for which bond proceeds can be used by Prince George's County or the revenue authority of Prince George's County to include the acquisition, construction, or rehabilitation of immersive entertainment venues within extraordinary development districts.
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- Legal Framework
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