STATEMENT B—8—Continued

Horse Racing Revenue Distribution Formulae
Fiscal Year Ended June 30, 1964

			DISTRIBUTION OF	STATE TAXES (1)
	LICENSEE	STATE
	SHARE	TAX RATE	General Fund	Baltimore City
				and Counties
DAILY LICENSE FEE:
One Mile Tracks ....		$1,000	60%	50%
Half Mile Tracks....................		60		All (A)
Trotting and Pacing Meets...................................		25	50%	60%
WAGERING:
One Mile Tracks.........................................	8%(B)	6%	60%	40%
Half Mile Tracks (First $1,500,000)............... .........	12%	1%
(Over $1,600,000).......	7%	6%	76%	26%
Trotting and Pacing Meets (Not exceeding $125,000 daily average)	12 1/2%	3 1/2%	75% of the first	25% of the first
(All over $125,000 daily average)......	9%	7%	$2,000,000 65 % of all over	$2,000,000 45% of all over
			$2,000,000	$2,000,000
Steeplcchase ..............	7%	6%	100%
BREAKAGE:
One Mile Tracks.....	50%	60%	50%	60%
Half Mile Tracks.......-	50%	60%	76%	25%
Trotting and Pacing Meets..............		100% (C)	60%	60%

(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....................... 83 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.

An allocation of $314,000 annually is made to the Maryland State Fair Board from the General Fund portion of revenues received from the Half
Mile and Trotting and Pacing Tracks. The allocation is reduced by payments from each Trotting or Pacing Track representing 1/10% of all
money wagered in excess of $2,000,000 with a maximum of $3,500 from each licensee.
Each of the One Mile Tracks is required to pay the sum of $12,000 annually to the State Fair Board.

(A) Paid direct by Fair Associations to respective County Treasurers.

(B) Includes }^% Race Track Improvement Levy.

(C) Applicable to tracks having total wagers in excess of $166,666.67 daily average.