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264
STATE OF MARYLAND
Revenue Estimates and Collections
Fiscal Year Ended June 30, 1971
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GENERAL FUND
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Estimated
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. . . . . Revenues
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Collected ....
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SOURCE
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Budget
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Fiscal Year End
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ed June 30, 1971
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Revenues 1971
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Fiscal Year (1)
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Excess or
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Amount
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Deficiency ()
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REAL AND PERSONAL PROPERTY TAXES
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FRANCHISE AND CORPORATION TAXES:
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Bonus Tax
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$ 173,000.00
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$ 161,376.00
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$ (11,624.00)
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Fees from Foreign Corporations
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329,000.00
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313,866.00
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(15,134.00)
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Gross Receipts (Railroads and Public Utilities)
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19,787,000.00
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19,724,952.02
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(72,047.98)
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Ordinary Business Corporations
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495,000.00
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499,815.29
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4,815.29
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Rolling Stock of Persons Other than Railroads
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115,00000
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117,732.60
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2,732.60
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Interest and Penalty on Franchise Tax on Capital
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40,000 00
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52,805.36
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12,805.36
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Federal, Domestic and Foreign Building, Savings and Loan
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Associations
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358,440.00
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383,479.06
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25,039.06
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Net Earnings of Savings Banks and Building, Savings and
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Loan Associations
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12,000.00
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12,100.12
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100.12
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Net Earnings of Financial Institutions
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7,728,000.00
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8,366,692.58
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638,692.58
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Miscellaneous
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950.06
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950.06
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TAX ON INSURANCE COMPANIES, ETC.
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20,843,000.00
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21,494,067.35
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651,067.35
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MOTOR VEHICLE TAXES, FEES AND FINES:
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Motor Vehicle Fuel Taxes
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Motor Vehicle Revenue
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Motor Vehicle Titling Tax
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11,675,000.00
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12,245,390 28
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570,390.28
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ALCOHOLIC BEVERAGES EXCISE TAXES, ETC :
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Liquor
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8,833,000.00
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9,107,656.12
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274,656.12
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Wine
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885,000.00
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957,898.56
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72,898.56
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Beer
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2,500,000.00
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2,463,773.27
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(36,226.73)
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Licenses
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176,000.00
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175,163.25
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(836.75)
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INCOME TAXES:
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Individuals
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416,600,000.00
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413,612,257.18
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(2,987,742.82)
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Corporations
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54,400,000.00
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56,130,153.51
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1,730,153.51
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RETAIL SALES AND USE TAXES
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260,500,000.00
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262,830,622.99
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2,330,622.99
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STATE TOBACCO TAX
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13,895,000.00
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14,481,052.72
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586,052.72
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TAX ON HORSE RACING
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10,500,000.00
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10,619,051.36
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119,051.36
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TAX ON ADMISSIONS
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3,589,000.00
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3,393,833.32
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(195,166.68)
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DEATH TAXES:
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Collateral Inheritance Taxes
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5,500,000.00
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5,338,774.07
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(161,225.93)
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Direct Inheritance Taxes
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2,100,000.00
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2,248,769.91
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148,769.91
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Maryland Estate Tax
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2,500,000.00
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3,287,662.22
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787,662.22
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Tax on Commissions of Executors and Administrators
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1,200,000.00
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1,359,971.04
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159,971.04
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Interest on Inheritance Taxes
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16,000.00
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13,523.90
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(2,476.10)
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MISCELLANEOUS FEES, FINES AND FORFEITURES:
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Shares of Locally Collected State Licenses (3%)
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95,000.00
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98,995.68
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3,995.68
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Penalty on Licenses
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3,000.00
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2,768.51
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(231.49)
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Excess Fees of Office
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2,580,500.00
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2,454,892.57
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(125,607.43)
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Notary Commission Fees
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15,000.00
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123,841.00
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108,841.00
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Recording Fees
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190,000.00
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172,482.76
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(17,517.24)
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Music Box Licenses, Etc.
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150,000.00
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152,283.57
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2,283.57
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Unfair Cigarette Sales Tax
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Public Service Companies Filing Fees
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775,000.00
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821,032.33
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46,032.33
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Abandoned Property
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Nonresident Contractors and Subcontractors
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500.00
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850.00
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350.00
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Recordation Tax
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100,000.00
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155,477.33
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55,477.33
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Criminal Injury Compensation Costs
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58,426.18
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58,426.18
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Miscellaneous
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183.15
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183.15
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MISCELLANEOUS REVENUES:
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Northern Central Railway Annuity
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90,000.00
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(90,000.00)
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Interest on Investments
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14,410,000.00
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15,533,185.03
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1,123,185.03
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Mental Hospital Maintenance Recoveries from Sponsors
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5,500,000.00
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4,937,744.01
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(562,255.99)
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