264

STATE OF MARYLAND

Revenue Estimates and Collections

Fiscal Year Ended June 30, 1970

		GENERAL FUND
	Estimated	. . . . . Revenues	Collected . . . .
SOURCE	Budget	Fiscal Year Ended	June 30, 1970
	Revenues 1970
	Fiscal Year (1)		Excess or
		Amount	Deficiency ( )
REAL AND PERSONAL PROPERTY TAXES
FRANCHISE AND CORPORATION TAXES:
Bonus Taxes (Tax on Authorized Capital Stock) Federal, Domestic and Foreign Buildings, Savings and Loan	$187,000.00	$ 164,569.00	$ (22,431.00)
Associations	360,000.00	348,737.48	(11,262.52)
Net Earnings of Savings Banks and Building, Savings and
Loan Associations	11,500.00	11,382 99	(117 01)
Fees from Foreign Corporations Gross Receipts (Railroads and Public Utilities)	290,000.00 17,931,000.00	305,206.00 18,171,396.86	15,206 00 240,396 86
Ordinary Business Corporations	465,500 00	471,477.50	5,977.50
Rolling Stock of Persons Other Than Railroads	105,000.00	104,128.20	(871.80)
Interest and Penalty on Franchise Tax on Capital	32,000.00	40,948.01	8,948 01
Net Earnings of Financial Institutions	5,760,000.00	6,925,672 19	1,165,672.19
TAX ON INSURANCE COMPANIES, ETC.	18,894,000.00	19,303,543.77	409,543.77
MOTOR VEHICLE TAXES, FEES, FINES:
Fuel Taxes
Revenue (Registrations, Transfers, Titles, Operating Licenses,
Etc.)
Instruction License — Driver Education Fund
Motor Vehicle Inspection Fees
Titling Tax	11,000,000.00	11,324,975.06	324,975.06
ALCOHOLIC BEVERAGES EXCISE TAXES, ETC.:
Liquor	8,300,000.00	8,170,536.71	(129,463 29)
Wine	800,000.00	869,104.17	69,104.17
Beer	2,275,000.00	2,384,632.46	109,632.46
Licenses	175,000.00	175,717.00	717.00$
INCOME TAXES:
Individuals	410,770,000.00	413,366,265.97	2,596,265.97
Corporations	43,350,000.00	47,047,111 28	3,697,111.28
RETAIL SALES AND USE TAXES	238,300,000.00	236,852,381.05	(1,447,618.95)
STATE TOBACCO TAX	13,757,500.00	13,474,336.53	(283,163.47)
TAX ON HORSE RACING	10,000,000.00	9,049,752.36	(950,247.64)
TAX ON ADMISSIONS	4,300,000.00	3,138,246.66	(1,161,753.34)
DEATH TAXES:
Collateral Inheritance Taxes	5,500,000.00	5,479,782.41	(20,217.59)
Direct Inheritance Taxes	2,000,000.00	1,910,204 32	(89,795 68)
Maryland Estate Tax	3,500,000.00	4,521,262.48	1,021,262.48
Tax on Commissions of Executors and Administrators	1,250,000.00	1,113,415.36	(136,584.64)
Interest on Inheritance Taxes	15,000.00	16,405.20	1,405.20
MISCELLANEOUS FEES, FINES, FORFEITURES:
Shares of Locally Collected State Licenses (3%)	95,000.00	93,432.92	(1,567.08)
Penalty on Licenses	2,400.00	2,975 41	575 41
Excess Fees of Office	2,200,000.00	2,451,000.61	251,000.61
Notary Commission Fees	45,000.00	140,553.75	95,553.75
Recording Fees	174,000.00	160,485.47	(13,514.55)
Music Box Licenses, Etc.	150,000.00	151,500.79	1,500.79:
Recordation Tax	70,000.00	173,108 75	103,108.75
Non-Resident Contractors and Subcontractors	500.00	570.00	70.00
Unfair Cigarette Sales Act
Public Service Companies Filing Fees	887,500.00	740,503.77	(146,996.23)
Miscellaneous		52,091.75	52,091.76
MISCELLANEOUS REVENUES:
Northern Central Railway Annuity	90,000.00	90,000.00
Interest on Investments	6,530,000.00	12,184,863.57	5,654,863.57
Mental Hospital Maintenance Recoveries from Sponsors	5,500,000.00	4,948,471.05	(551,528.98)
Mental Hospital Recoveries — Medicare	1,006,000.00	859,474.71	(146,525.29)
Mental Hospital Maintenance Assistance from Baltimore City
and Counties	675,000.00	614,965.40	(60,034.60)
Chronic Disease Hospital Maintenance Recoveries from
Sponsors	1,000,000.00	819,689.21	(180.310.79)
Chronic Disease Hospital Recoveries — Medicare	1,000,000.00	685,398.86	(364,601.14)