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SCHEDULE OF TAX RATES AND DISTRIBUTIVE SHARES
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DISTRIBU1
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FIVE SHARE
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Tax Rate
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General Fund
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Baltimore City
and Counties
(On Population
Basis)
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Maryland State
Fair Board
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Other
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DAILY LICENSE FEE:
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One Mile Tracks................................................................
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$1,000
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50%
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50%
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County Fairs ......................................................................................
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50
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100%*
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Trotting and Pacing Meets.................................................
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25
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50%
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50%
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TAX ON WAGERS:
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One Mile Tracks...............................
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4%
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50%
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50%
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1st $500,000......................................................
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None
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County Fairs 2nd 500,000......................................................
3rd 500,000....................................................
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1%
2%
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50%
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25%
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25%
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Over 1,500,000..........................................
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4%;
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Trotting and Pacing Meets............................................................
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4%
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50%
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50%
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BREAKAGE:
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One Mile Tracks..........................................................................
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10c
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25%
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25%
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50%+
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County Fairs..................................................................................
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10c
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50%
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50%+
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Trotting and Pacing Meets......................................................
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10c
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100%+
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* Paid Direct by Licensee to County Treasurer,
+Retained by Licensee.
NOTE: Also, each of the One Mile Tracks is required by Law to pay the sum of $4,000 annually to the Maryland State Fair Board, and the sum of
$2,000 annually to the Maryland Horse Breeders Association.
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