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184
STATEMENT B14
Receipts from Tax on Horse Racing and Track Licenses
For the Fiscal Year Ended June 30, 1968
Collected by the Maryland Racing Commission
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TOTAL
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SOURCE OF REVENUE
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Summer-Fall
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Winter-Spring
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Total
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1967
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1968
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ONE MILE TRACKS:
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Southern Maryland Agricultural Association Bowie
Laurel Race Course Inc. Laurel
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$3,432,476.18
2,883,502.87
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$2,822,685.40
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$3,432,476.18
60,817.47
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Maryland Jockey Club of Baltimore City Pimlico
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3,383,615.88
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3,383,615.88
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TOTAL.
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$9,699,594 93
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$2,822,685.40
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$6,876,909.53
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HALF MILE TRACKS:
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Maryland State Fair and Agricultural Society of Baltimore County Timonium
Southern Maryland Agricultural Association, Inc. Marlboro
Agricultural and Mechanical Association at Washington County Hagerstown
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$ 831,120.58
564,988.81
228,706.06
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$ 831,120 58
664,988 81
228,706.06
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TOTAL
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$1,624,815.45
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$1,624,816.45
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TROTTING AND PACING MEETS:
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Ocean Downs Racing Association, Inc. Berlin
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$ 124,134 57
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$ 124,134.67
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Rosecroft Trotting and Pacing Association, Inc Oxon Hill
Laurel Harness Racing Association, Inc. Laurel
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823,909.73
588,004 34
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688.004.34
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$ 823,909.73
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TOTAL.
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$1,536,048 64
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$ 712,138.91
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$ 823,909.73
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STEEPLECHASE:
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Cecil County Breeders Fair, Inc. Fairhill
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$ 11,697 65
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$ 11,697.65
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GRAND TOTAL
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$12,872,156 67
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$5,171,337.41
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$7,700,819.26
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DISTRIBUTION OF REVENUE
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ONE MILE TRACK LICENSEES:
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Baltimore City and Counties
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$2,496,657 23
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$ 723,478 83
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$1,773,178 40
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General Fund
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5,097,243 23
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1,431,047.23
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3,666,196.00
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TOTAL
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$7.593,900.46
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$2,154,526.06
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$5,439,374.40
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HALF MILE TRACK LICENSEES
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Baltimore City and Counties
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$ 407,848 53
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$ 247,582.80
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$ 160,265 73
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Gnereal Fund
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2,043,674 51
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1,421,464.72
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622,209.79
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TOTAL
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$2,451,523.04
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$1,669,047 52
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$ 782,475 52
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TROTTING AND PACING LICENSEES.
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Baltimore City and Counties
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$ 741,944.85
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$ 304,202 66
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$ 437,742 19
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General Fund
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2,073,090 67
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1,031,863.52
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1,041,227.15
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TOTAL.
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$2,815,035.52
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$1,336,066.18
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$1,478,969.34
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STEEPLECHASE LICENSEE:
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General Fund
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$ 11,697.65
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$ 11,697.65
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GRAND TOTAL
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$12,872,156.67
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$5,171,337.41
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$7,700,819.26
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Allocation of Net Receipts:
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General Fund Revenue $8,920,222.76 ($10,068.01) (a) $8,910,164.75
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Special Fund Attainment:
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to Subdivisions 8,366,152.09 10,068.01 (a) 3,875,220.10
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to Post Mortem Examiners 281,298.52 281,298.52
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to State Fair Board 305,488.30 305,483.30
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$12,872,166.67 $12,872,156.67
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NOTE:State tax rates are predicated on the type of track where the races are run, whereas, the distribution of these taxes is based on the type of
license under which the races are run.
(a) Reallocatton of $9,568.01 in tax on wagers and $500.00 in breakage from general to special funds to correct distribution of prior fiscal years
( ) Denotes red figures.
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