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340
STATE OF MARYLAND
Revenue Estimates and Collections
Fiscal Year Ended June 30, 1977
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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 Ende
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d June 30, 1977
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Revenues 1977
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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 Taxes ..............................
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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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$ 875,000.00
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$888,014.89
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$ 13,014.89
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Franchise' Tax on Gross Receipts ...............................
Tax ori Rolling Stock of Persons Other Than Railroads ...........
Franchise Tax on Net Earnings of Savings Banks, Building,
Savings and Loan Associations .............................
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60,385,000.00
95,000.00
28,600.00
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61,218,303.72
30,205.41
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833,303.72
(95,000.00)
1,605.41
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Bonus Tax ....................................................
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219,000.00
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227,369.00
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8,369.00
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Franchise Tax on Ordinary Business Corporations ...............
Franchise Tax oh Net Earnings of Financial Institutions —
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1,500,00
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1,572.50
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72.50
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Maryland .................................................
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12,400,000.00
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9,678,777.93
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(2,721,222.07)
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Franchise Tax on Net Earnings of Financial Institutions —
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Out of State ..............................................
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1,099,405.20
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1,099,405.20
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Recording Fees ...............................................
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319,000.00
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346,767.78
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27,767.78
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Foreign Corporation Filing Fees ...............................
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390,000.00
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401,317.00
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11,317.00
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Maryland Corporation Filing Fees ..............................
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807,500.00
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815,812.50
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8,312.50
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Interest and Penalty ..........................................
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27,493.00
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47,691.86
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20,198.86
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DEATH TAXES:
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Collateral Inheritance Tax .....................................
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8,296,000.00
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9,411,081.54
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1,115,081.54
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Direct Inheritance Tax ........................................
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2,910,000.00
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3,088,699.07
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178,699.07
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Interest and Penalty on Inheritance Taxes ......................
Tax on Commissions of Executors and Administrators ...........
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16,243.00
1,540,000.00
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9,046.07
1,568,401.56
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(7,196.93)
28,401.56
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Maryland Estate Tax ..........................................
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4,300,000.00
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5,716,679.45
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1,416,679.45
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Interest oh Maryland Estate Tax ...............................
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118,215.00
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51,717.71
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(66,497.29)
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ALCOHOLIC BEVERAGE TAXES AND LICENSES:
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Tax oh Liquor ................................................
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11,000,000.00
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10,837,258.41
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(162,741.59)
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Tax on Wine ..................................................
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2,928,000.00
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2,954,577.69
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26,577.69
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Tax on Beer ..................................................
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4,475,000.00
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4,714,499,34
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239,499.34
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Alcoholic Beverage Licenses ...................................
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230,000.00
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230,507.00
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507.00
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ADMISSIONS TAX ...............................................
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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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92,906,000.00
803,096,000.00
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92,261,497.14
806,726,501.05
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(644,502.86)
3,630,501.05
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RETAIL SALES AND USE TAX AND LICENSES ..................
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459,770,000.00
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465,858,332.12
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6,088,332.12
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STATE TOBACCO TAX AND LICENSES ..........................
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38,665,000.00
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38,228,400.00
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(436,600.00)
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MOTOR VEHICLE TAX AND LICENSES:
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Motor Vehicle Titling Tax .....................................
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21,000,000.00
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22,823,880.14
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1,823,880.14
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Motor Vehicle Registrations ...................................
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230,000.00
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228,218.00
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(1,782.00)
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INSURANCE COMPANY TAXES, LICENSES AND FEES ..........
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53,184,744.00
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60,805,173.00
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7,620,429.00
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HORSE RACE TAXES AND LICENSES ...........................
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16,500,000.00
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13,377,359.71
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(3,122,640.29)
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DISTRICT COURTS FINES AND COSTS ..........................
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21,500,000.00
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21,497,387.89
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(2,612.11)
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INTEREST ON INVESTMENTS ...................................
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14,000,000.00
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13,715,462.08
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(284,537.92)
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HOSPITAL PATIENT RECOVERIES:
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Mental Hospitals — Sponsors ..................................
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7,700,000.00
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8,126,023.76
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426,023.76
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Mental Hospitals— Federal ...................................
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3,000,000.00
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3,240,215.95
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240,215.95
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