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338
STATE OF MARYLAND
Revenue Estimates and Collections
Fiscal Year Ended June 30, 1976
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GENERAL FUND
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Estimated
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Revenue
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Collected . . . .
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SOURCE
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Budget
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Fiscal Year Ended
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June 30, 1976
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Revenues 1976
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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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PROPERTY TAXES.
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Real and Personal Property
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FRANCHISE AND CORPORATION TAXES.
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Franchise Tax on Federal, Domestic and Foreign Building,
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Savings and Loan Associations
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$ 685,000.00
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$ 757,932 29
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$ 72,932.29
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Franchise Tax on Gross Receipts
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36,287,000.00
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37,240,814.89
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953,814.89
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Tax on Rolling Stock of Persons Other Than Railroads
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101,000 00
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34,178 85
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(66,821.15)
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Franchise Tax on Net Earnings of Savings Banks, Building,
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Savings and Loan Associations
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25,000.00
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26,286 06
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1,286.06
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Bonus Tax
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185,000 00
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202,776.00
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17,776 00
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Franchise Tax on Ordinary Business Corporations
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7,500.00
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3,572 50
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(3,927.50)
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Franchise Tax on Net Earnings of Financial Institutions —
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Maryland
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8,500,000.00
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8,221,299.22
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(278,700.78)
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Recording Fees
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296,000.00
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301,283 15
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5,283.15
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Foreign Corporation Filing Fees
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410,000.00
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387,738 00
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(22,262.00)
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Domestic Corporation Filing Fees . . .
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790,000.00
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784,020.00
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(5,980 00)
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Interest and Penalty
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76,705.00
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83,426 28
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6,721.28
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DEATH TAXES:
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Collateral Inheritance Tax
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8,719,000.00
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7,035,901.11
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(1,683,098.89)
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Direct Inheritance Tax
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3,108,000.00
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2,767,269 00
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(340,731.00)
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Interest and Penalty on Inheritance Taxes
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11,087.00
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14,766 45
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3,679.45
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Tax on Commissions of Executors and Administrators
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1,668,000.00
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1,478,718.26
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(189,281.74)
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Maryland Estate Tax
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3,591,000.00
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4,183,317.22
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592,317.22
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Interest on Maryland Estate Tax
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233,102.00
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107,467.94
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(125,634.06)
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ALCOHOLIC BEVERAGES TAXES AND LICENSES-
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Tax on Liquor
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10,866,000.00
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10,724,046.01
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(141,953.99)
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Tax on Wine
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2,950,000.00
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2,843,043.50
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(106,956.50)
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Tax on Beer
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4,400,000 00
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4,392,710 01
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(7,289.99)
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Alcoholic Beverages Licenses
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225,000.00
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224,611.00
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(389.00)
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ADMISSIONS TAX
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5,406 00
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5,406.00
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MOTOR VEHICLE FUEL TAXES AND LICENSES
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INCOME TAXES:
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Corporation Income Taxes
Individual Income Taxes
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78,966,000.00
779,683,000 00
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88,674,942 97
790,334,359.61
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9,708,942.97
10,651,359 61
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RETAIL SALES AND USE TAX AND LICENSES
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431,080,000.00
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419,411,711.89
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(11,668,288.11)
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STATE TOBACCO TAX AND LICENSES
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40,440,000 00
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38,183,989.33
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(2,256,010 67)
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MOTOR VEHICLE TAX AND LICENSES.
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Motor Vehicle Titling Tax
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17,000,000.00
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19,603,557.31
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2,503,557.31
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Motor Vehicle Registrations
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125,000.00
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183,805.00
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58,805 00
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INSURANCE COMPANY TAXES, LICENSES AND FEES
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33,648,272.00
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34,648,966.98
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1,000,694.98
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HORSE RACE TAXES AND LICENSES
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14,733,000 00
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16,093,360.64
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1,360,360 64
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DISTRICT COURTS FINES AND COSTS
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18,000,000.00
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19,562,364.81
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1,562,364 81
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INTEREST ON INVESTMENTS
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16,000,000.00
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11,683,868.17
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(4,316,131 83)
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HOSPITAL PATIENT RECOVERIES:
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Mental Hospitals — Sponsors
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7,400,000.00
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8,066,234.87
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666,234.87
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Mental Hospitals — Federal
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2,400,000.00
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3,131,989.18
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731,989.18
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