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Session Laws, 1999
Volume 796, Page 2182   View pdf image
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(4) except as provided in § 11-521 of this title, money from uncashed
pari-mutuel tickets that are from bets made into the betting pools of nonharness
licensees; and

(5) any permit fees under §§ 11-820 and 11-832 of this title.

11-406.

After all deductions from the Special Fund are made, money that remains in the
Special Fund shall be allocated in the following way:

(1) 70% to the Maryland-Bred Race Fund; and

(2) 30% to the Maryland Standardbred Race Fund, to be divided equally
between the Sires Stakes Program and the Foaled Stakes Program.

11-515.

(a) Except as provided in § 11-516 of this subtitle, the takeout that a licensee
deducts from the handle of a race shall be allocated in accordance with this section.

(b) A licensee shall:

(1) keep 50% of the breakage;

(2) allocate 45% of the breakage for purses; and

(3) allocate 5% of the breakage to the Maryland-Bred Race Fund.

(c) From the 17% that a licensee deducts from each regular mutuel pool, the
licensee shall:

(1) keep 7.70% of each regular mutuel pool, from which the licensee shall
pay 0.25% of each regular mutuel pool to the Maryland Race Track Employees
Pension Fund;

(2) allocate 0.32% of each regular mutuel pool to the Commission for

State tax;

(3) allocate 1.10% of each regular mutuel pool to the Maryland-Bred
Race Fund; and

(4) allocate 7.88% of each regular mutuel pool for purses.

(d) From the 19% that a licensee deducts from each multiple mutuel pool on 2
horses, the licensee shall:

(1) keep 8.70% of each multiple mutuel pool, from which the licensee
shall pay 0.25% of each multiple mutuel pool to the Maryland Race Track Employees
Pension Fund;

(2) allocate 0.32% of each multiple mutuel pool to the Commission for

State tax;

 

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Session Laws, 1999
Volume 796, Page 2182   View pdf image
 Jump to  
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