§ 12-3. PILOTs authorized.

(a) In general.

Acting pursuant to the Enabling Law, the City is authorized to exempt from municipal taxation hotel facilities:

(1) that are on City-owned property within any urban renewal area; and

(2) that, on or after January 1, 1998, are leased or otherwise made available to any person:

(i) who uses the property in connection with a business that is conducted for profit; and

(ii) who is authorized to accept a PILOT in accordance with the terms and conditions of a PILOT Agreement.

(b) Inclusion in assessable base.

Provided, however, that the assessment of these hotel facilities shall be included in the assessable base of the City to determine the amount of any State of Maryland aid that is based on the assessable base of the City.