STATEMENT B—8—Continued

Horse Racing Revenue Distribution Formulae Fiscal Year Ended June 30, 1958

			DISTRIBU'	riON OF STATE	TAXES (1)
	LICENSEE	STATE			Maryland
	SHARE	TAX RATE	General	Baltimore City	State Fair Board
			Fund	and Counties	(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 (Over $1,500,000	11% 6%	1%) 6%)	1/2	1/4	1/4
Trotting and Pacing Meets (First $2,000,000 (Next $1,000,000	11 1/2%	3 1/2% 3 1/2%	3/4 11/20	1/4 9/20
(Over $3,000,000	8%	7%	11/20	9/20
Steeplechase	6%	4%	All
BREAKAGE
One Mile Tracks	50%	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 days 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 by Fair Associations to respective County Treasurers

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