MD HB1160

Exempts most personal property in Calvert County from the county property tax, which is currently levied at $2.23 per $100 of assessed value on business equipment

Railroad and public utility operating property, telecommunications equipment (including fiber-optic systems, cellular towers, and wireless appurtenances), and electronic instant bingo machines remain subject to the county property tax

Property exempt under a payment in lieu of taxes (PILOT) agreement becomes subject to the county property tax when the agreement terminates

Takes effect only if Calvert County enters into a PILOT agreement with a qualified data center owner, with the county required to notify the Department of Legislative Services within 5 days

Automatically becomes null and void if the required PILOT agreement notice is not received by June 30, 2030