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Annual Report of the Comptroller, 1971
Volume 335, Page 273   View pdf image (33K)
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273

STATE OF MARYLAND

Estimated Revenues
For the Fiscal Year Ending June 30, 1972

 

   

Special and

 
 

Total

General

Debt Service

Federal

   

Fund

Funds

Funds

REAL AND PERSONAL PROPERTY TAXES

$42,134, 332

 

$42,134,332

 

FRANCHISE AND CORPORATION TAXES:

       

Bonus Taxes (Tax on Authorized Capital Stock)

182,000

$182,000

   

Federal, Domestic and Foreign Building, Savings and

       

Associations

372,320

372,320

   

Net Earnings of Saving? Banks and Building, Savings

       

and Loan Associations

1,275,000

13,000

1,262,000

 

Fees from Foreign Corporations

355,000

355,000

   

Gross Receipts (Railroads and Public Utilities)

21,577,000

21,577,000

   

Ordinary Busmes? Corporations

1,040,000

520,000

520,000

 

Rolling Stock of Persons Other Than Railroads

120,000

120,000

   

Interest and Penalty on Franchise Tax on Capital

41,000

41,000

   

Net Earnings of Financial Institution?

8,887,000

8,887,000

   

TAX ON INSURANCE COMPANIES, ETC.

22,500,000

22,500,000

   

MOTOR VEHICLES TAXES, FEES, FINES:

       

Fuel Taxes

124,983,466

 

124,983,466

 

Revenue (Registration, Transfers, Titles, Operating

       

Licenses, Etc.)

69,678,401

 

69,678,401

 

Instruction License — Driver Education Fund

1,000,000

 

1,000,000

 

Motor Vehicle Inspection Fees

650,000

 

650,000

 

Titling Tax

48,000,000

12,000,000

36,000,000

 

ALCOHOLIC BEVERAGES EXCISE TAXES, ETC.:

       

Liquor

14,000,000

9,333,000

4,667,000

 

Wine

900,000

900,000

   

Beer

2,600,000

2,600,000

   

Licenses

177,000

177,000

   

INCOME TAXES:

       

Individuals

478,150,000

478,150,000

   

Corporations

51,700,000

45,700,000

6,000,000

 

RETAIL SALES AND USE TAXES

286,500,000

286,500,000

   

STATE TOBACCO TAX

27,867,000

14,173,000

13,694,000

 

TAX ON HORSE RACING

15,700,000

11,000,000

4,700,000

 

TAX ON ADMISSIONS

1,435,754

 

1,435,754

 

DEATH TAXES:

       

Collateral Inheritance Taxes

5,700,000

5,700,000

   

Direct Inheritance Taxes

2,200,000

2,200,000

   

Maryland Estate Tax

2,500,000

2,500,000

   

Tax on Commissions of Executors and Administrators

1,300,000

1,300,000

   

Interest on Inheritance Taxes

17,000

17,000

   

MISCELLANEOUS FEES, FINES, FORFEITURES:

       

Shares of Locally Collected State Licenses (3%)

97,000

97,000

   

Penalty on Licenses

3,100

3,100

   

Excess Fees of Office

2,762,500

2,762,500

   

Notary Commission Fees

150,000

150,000

   

Recording Fees

200,000

200,000

   

Music Box

150,000

150,000

   

Recordation Tax

100,000

100,000

   

Non-Resident Contractors and Subcontractors

500

500

   

Unfair Cigarette Sales Act

30,651

 

30,651

 

Public Service Companies Filing Fees

800,000

800,000

   

MISCELLANEOUS REVENUES:

       

Interest on Investments

15,000,000

15,000,000

   

Mental Hospital Maintenance Recoveries from Sponsors

6,000,000

6,000,000

   

Mental Hospital Recoveries — Medicare

1,000,000

1,000,000

   

Mental Hospital Maintenance Assistance from

       

Baltimore City and Counties

600,000

600,000

   

Chronic Disease Hospital Maintenance Recoveries

       

from Sponsors

975,000

975,000

   

Chronic Disease Hospital Recoveries — Medicare

750,000

750,000

   

Chronic Disease Hospital Maintenance Assistance

       

from Baltimore City and Counties

30,000

30,000

   

Tuberculosis Hospital Recoveries — Medicare

400,000

400,000

   

EXHIBIT I—Continued

 

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Annual Report of the Comptroller, 1971
Volume 335, Page 273   View pdf image (33K)
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