STATEMENT B—8—Continued

Horse Racing Revenue Distribution Formulae
Fiscal Year Ended June 30, 1963

			DISTRIBUTION	OF STATE	TAXES (1)
	LICENSEE	STATE
	SHARE	TAX RATE	General	Baltimore City	Maryland
			Fund	and Counties	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..................................	8% (B)	5%	1/2	1/2
Half Mile Tracks (First $1,500,000 (Over $1,500,000 ......	12% 7%	1%) 6%)	1/2	1/2	1/4
Trotting and Pacing Meets (First $2,000,000....... ... (Next $1,000,000......... (Over $3,000,000.....	111/2% 8	31/2%) 31/2%) 7%)	3/4 11/20 11/20	9/20 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 %(C)	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 General Fund:
One Mile Tracks.........33 Days

Half Mile Tracks..........10 Days

Trotting and Pacing Tracks.....20 Days

Distribution to Baltimore City and Counties is 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 appor-
tioned to Baltimore City and the 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 lew

than this amount, it is allocated sufficient fund 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) Includes 1/2 % Race Track Improvement Levy.

(C) Applicable to tracks having total wagers in excess of $4,000,000 annually.