(a) Except as provided in subsection (b) of this section, the Corporation is exempt from any requirement to pay any taxes or assessments on its properties, activities, or any revenue from its properties or activities.
(b) Property that the Corporation sells or leases to a private entity is subject to State and local property taxes from the time of the sale or lease.
Structure Maryland Statutes
Division II - Independent and Regional Development Units and Resources
Title 11 - Military Installation Support
Subtitle 4 - Bainbridge Development Corporation
Section 11-403 - Board of Directors
Section 11-406 - Executive Director
Section 11-407 - Staff; Consultants
Section 11-408 - Applicability of Other Laws
Section 11-409 - Accounting; Fiscal Year
Section 11-410 - Money of Corporation
Section 11-411 - Powers -- in General
Section 11-412 - Powers -- Projects
Section 11-413 - Powers -- Borrowing Authority
Section 11-414 - Bond Authorization
Section 11-415 - Liability; Full Faith and Credit
Section 11-416 - Project Financing
Section 11-417 - Rates and Charges; Revenues