(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.
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