SB 497: Property Tax - City of Hagerstown and the Hagerstown Multi-Use Sports and Events Facility, Inc. - Exemption
SB 497 status: To Governor — Approved by the Governor - Chapter 809 (updated May 26, 2026).
What this bill does
Overall score
Bill summary
OfficialProperty Tax - City of Hagerstown and the Hagerstown Multi-Use Sports and Events Facility, Inc. - Exemption. Currently in Senate.
Key analysis
Impact analysis
Environment
Benefits
- No direct environmental benefit identified
Risks
- No direct environmental risk identified
Economy
Benefits
- Encourages local sports and event infrastructure
- Reduces operational costs for the facility
Risks
- Reduces total property tax revenue for local jurisdiction
- Provides selective fiscal advantage to one entity
Society
Benefits
- Potentially improves local community recreation options
Risks
- Limited direct social equity benefits identified
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
Reduces local property tax revenue streams
Analysis based on bill summary and title only
Where it stands
Introduced
CompleteCommittee
CompleteFloor
CompleteGovernor
CurrentApproved by the Governor - Chapter 809
Enacted
UpcomingHow it affects your district
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