326

STATE OF MARYLAND

Receipts from Tax on Horse Racing and Track Licenses
For the Fiscal Year Ended June 30, 1977

Collected by the Maryland Racing Commission			TOTAL
SOURCE OF REVENUE		Total	Summer-Fall	Winter-Spring
			1976	1977
ONE MILE TRACKS:
Southern Maryland Agricultural Association— Bowie ...........................		$6,121,684.70	$1,918,277.02	$4,203,407.68
Laurel Race Course, Inc.— Laurel .............................................		3,341,225.52	3,273,028.70	68,196.82
Maryland Jockey Club of Baltimore City— Pimlico .............................		3,277,014.55	868,056.63	2,408,957.92
TOTAL ......................................................		12,739,924.77	6,059,362.35	6,680,562.42
HALF MILE TRACKS:
Maryland State Fair and Agricultural Society of Baltimore County — Timonium . .		1,305,617.23	1,306.617.23
TROTTING AND PACING TRACKS:
Ocean Downs Racing Association, Inc.— Berlin .................................		244,403.05	244,403.05
Rosecroft Trotting and Pacing Association, Inc.— Oxon Hill .....................		1,771,196.74		1,771,196.74
Laurel Harness Racing Association, Inc.— Roeecroft ............................		1,750,358.11	1,750,358.11
TOTAL ......................................................		3,765,957.90	1,994,761.16	1,771,196.74
STEEPLECHASE:
Cecil County Breeders Fair, Inc.— Fairhill .....................................		72,172.00	33,585.20	38,586.80
GRAND TOTAL .............................................		$17,883,671.90	$9,393,326.94	$8,490,345.96
DISTRIBUTION OF REVENUE
ONE MILE TRACK LICENSES:
Baltimore City and Counties ..................................................		(a)(b)$3,257,774.74	(a)(b)$870,106.37	$2,387,668.37
General Fund ................................................................		(a)(b) 7,493,221.12	(a)(b) 3,270,978.96	4,222,242.16
TOTAL ......................................................		10,750,996.86	4,141,085.33	6,609,910.53
HALF MILE TRACK LICENSES:
Baltimore City and Counties ..................................................		367,983.79	350,320.82	17,662.97
General Fund ................................................................		2,926,562.35	2,873.573.43	52,988.92
TOTAL ......................................................		3,294,546.14	3,223,894.25	70,651.89
TROTTING AND PACING TRACK LICENSES:
Baltimore City and Counties ..................................................		504,881.66	257,909.76	246,971.90
General Fund ................................................................		3,261,076.24	1,736,851.40	1,524,224.84
TOTAL ......................................................		3,765,957.90	1,994,761.16	1,771,196.74
STEEPLECHASE LICENSES:
Fairhill Improvement Fund ...................................................		72,172.00	33,585.20	38,586.80
GRAND TOTAL .............................................		$17,883,671.90	$9,393,325.94	$8,490,345.96
ALLOCATION OF NET RECEIPTS:
General Fund Revenue ....................................	.................... $13,377,359.71
Special Fund Attainment:
To Subdivisions .......................................	.................... 3,630,669.25
To Post Mortem Examiners ............................	.................... 499,970.94
To State Fair Board ...................................	.................... 303,500.00
To Fairhill Improvement Fund .........................	.................... 72,172.00
GRAND TOTAL ..........................	.................... $17,883,671.90

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 Laurel Mile Track, 10/21-12/31, 1974 totaling $12,700.00 incorrectly distributed to Special Funds instead of General Funds in the
1976 Fiscal Year have been reallocated to General Funds for the 1977 Fiscal Year.

(b) Portion of Wagering Tax Revenues for Laurel Mile Track 10/21-12/31,1974 totaling $98,077.33 incorrectly distributed to General Funds instead of
Special Funds in the 1975 Fiscal Year have been reallocated to Special Funds for the 1977 Fiscal Year.