Maryland SB497 grants a retroactive property tax exemption to the City of Hagerstown and the Hagerstown Multi-Use Sports and Events Facility, Inc.

Maryland SB497 establishes a retroactive property tax exemption for certain property owned by the City of Hagerstown or the Hagerstown Multi-Use Sports and Events Facility, Inc. The exemption applies to property used primarily for public social, recreational, and entertainment purposes. The retroactive exemption begins after June 30, 2023. The State, Washington County, and the City of Hagerstown are required to pay a refund for any excess property tax paid due to the retroactive exemption.

Maryland SB497 grants a retroactive property tax exemption to the City of Hagerstown and the Hagerstown Multi-Use Sports and Events Facility, Inc.

Maryland SB497 establishes a retroactive property tax exemption for certain property owned by the City of Hagerstown or the Hagerstown Multi-Use Sports and Events Facility, Inc. The exemption applies to property used primarily for public social, recreational, and entertainment purposes. The retroactive exemption begins after June 30, 2023. The State, Washington County, and the City of Hagerstown are required to pay a refund for any excess property tax paid due to the retroactive exemption.