STATEMENT—8—Continued

Horse Racing Revenue Distribution Formulae
Fiscal Year Ended June 30,1957

	LICENSEE	STATE	DISTRIBUTION	OF STATE	TAXES (1)
	SHARE	TAX BATE	General Fund	Baltimore City and Counties	Maryland State Fair Board (2}
DAILY LICENSE FEE			...........
One Mile Tracks		$1,000	1/2	1/2
Half Mile Tracks		50		All (A)
Trotting and Pacing Meets		25	1/2	1/2
WAGERING
One Mile Tracks	7% (B)	5%	3/5	2/5
Half Mile Tracks (First $1,500,000	11%	1%)	1/2	1/4	1/4
(Over $1,500,000	6%	6%)
T rotting and Pacing Meets (First $2,000 000 (Next $1,000,000	11 1/2% (C) 11 1/2% (C)	3 1/2% (C) 3 1/2% (C)	11/20	1/4 9/20
(Over $3,000,000	8% (C)	7% (C)	11/20	9/20
Steeplechase	6%	4%	All
BREAKAGE
One Mile Tracks	60%	50%	1/2	1/2
Half Mile Tracks	50%	50%			All
Trotting and Pacing Meets		100%	1/2	1/2

(1) Revenues from racing in excess of the following calendar year number of clays at each track are to be allocated entirely to the General Fund
One Mile Tracks 33 days
Half Mile Tracks 10 days
Trotting and Pacing Tracks 20 days

Distribution to Baltimore City and Counties are in addition to an initial allocation of $24,000 annually from the One Mile Track revenues
From the total for distribution, allocation is first made for the budget of the Department of Post Mortem Examiners and the remainder is
then apportioned to Baltimore City and Counties

(2) The total Maryland State Fair Board allocation is not to exceed $250,000 annually In the event its share of the Half Mile Track revenue is

less than this amount, it is allocated sufficient funds from Trotting and Pacing revenues to provide the total of $250,000 annually
In addition, each of the One Mile Tracks is required to pay over the sum of $12,000 annually to the Maryland State Fair Board Also, each
of the Trotting and Pacing Tracks is required to pay over to the Board an amount equal to 1 /10% of their wagering such payments, however,
not to exceed the sum of $3,500 from each of these tracks

(A) Paid direct hy Fair Associations to respective County Treasurers

(B) Including 1/2% Race Track Improvement Levy

(C) These lates became effective with the Spring 1957 meets The former rates, which applied to the Fall 1956 Meets, were as follows

License Share State Tax Rate

First $2,000,000 11% 2%
Over $2,000,000 8% 5%