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294
STATE OF MARYLAND
Receipts from Tax on Horse Racing and Track Licenses
For the Fiscal Year Ended June 30/1974
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Collected by the Maryland Racing Commission
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TOTAL
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SOURCE OF REVENUE
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Total
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Summer-Fall
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Winter-Spring
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|
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1973
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1974
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ONE MILE TRACKS
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|
|
|
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Southern Maryland Agriculture Association — Bowie
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$ 6,766,928 00
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$ 1,942,916 67
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$ 3313,012 48
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Laurel Race Course, Inc — Laurel
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8,494,611 00
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3,026,964 70
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468,666 30
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Maryland Jockey Club of Baltimore City — Pimlico
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4,183359 49
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4,133369 49
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TOTAL
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18,884^98 49
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4^68,870.27
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8,416,628.22
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HALF MILE TRACKS
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|
|
|
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Maryland State Pair and Agricultural Society of Baltimore County — Timonium
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863,636 68
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863,636 68
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TROTTING AND PACING TRACKS
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|
|
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Ocean Downs Racing Association, Inc — Berlin
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168,066 48
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168,066 48
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Roseroft Trotting and Pacing Association, Inc — Oxon Hill
Laurel Harness Racing Association, Inc — Laurel
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1^01343 06
1,009,768 00
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309,992 68
1,009 768 00
|
991360 48
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TOTAL
|
2,479,677 49
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1,487327 01
|
991,860 48
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STEEPLECHASE
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|
|
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Cecil County Breeders Fair. Inc — Fairhlll
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86,199 40
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17,264 36
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179,986 06
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GRAND TOTAL
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$ 16,762311.96
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$ 7,327,498.21
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$ 9,42631376
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DISTRIBUTION OF REVENUE
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|
|
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ONE MILE TRACK LICENSES
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|
|
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Baltimore City and Counties
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(a)$2,614324 83
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(a)$819,18982
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$ 1,796,686 01
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General Fund
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(a) 8314,66809
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(a) 2,194,76488
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6,619,893.21
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TOTAL
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(a)ll,429,482 92
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(a) 3,018,95470
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8,416,628.22
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HALF MILE TRACK LICENSES
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|
|
|
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Baltimore City and Counties
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(a) 361,744 62
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(a) 361,744 52
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|
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General Fund
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(a)$2,446,707 63
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(a) 2,446,70768
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|
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TOTAL
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(a)12,808,452 16
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(a)$2308,452 15
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TROTTING AND PACING TRACK LICENSES
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|
|
|
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Baltimore City and Counties
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464.142 96
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268,497 10
|
186,646 86
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General Fund
|
2,026,634 53
|
1,219,329 91
|
806.204 62
|
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TOTAL
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2,479,677 49
|
1,487,827 01
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991360 48
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STEEPLECHASE LICENSES
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|
|
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General Fund
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36,199 40
|
17,264 36
|
17,936 06
|
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GRAND TOTAL
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$ 16,76231196
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$ 7,327,498.21
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$ 9,426,813 76
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Allocation of Net Receipts
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|
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General Fund Revenue
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$ 18,017,871 65
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Special Fund Attainment
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|
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to Subdivisions
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3,088,114 85
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to Post Mortem Examiners
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342,597 46
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to State Fair Board
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804,228 00
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TOTAL
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$16,762,81196
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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
(a) License fees for Hagerstown, Marlboro at Laurel totaling $12,000 00 which were distributed as Mile Track revenues in the 1978 Fiscal Year
have been reallocated as Half Mile Track revenues for the 1974 Fiscal Year
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