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351
STATE OF MARYLAND
ESTIMATED REVENUES
For the Fiscal Year Ending June 30, 1978
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Special and
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Total
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General
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Debt Service
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Federal
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Fund
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Funds
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Funds
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PROPERTY TAXES:
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Real and Personal Property Taxes ..........................
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$ 86,106,055
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$ 86,106,055
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FRANCHISE AND CORPORATION TAXES:
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Franchise Tax on Federal, Domestic and Foreign ............
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Building, Savings and Loan Associations .................
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950,000
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$950,000
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Franchise Tax on Gross Receipts ...........................
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44,640,000
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44,640,000
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Tax on Rolling Stock of Persons Other Than Railroads .......
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95,000
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95,000
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Franchise Tax on Net Earnings of Savings Banks,
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Building, Savings and Loan Associations .................
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3,146,000
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31,460
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3,114,540
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Bonus Tax ................................................
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236,000
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236,000
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Franchise Tax on Ordinary Business Corporations ...........
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2,000
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1,000
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1,000
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Franchise Tax on Net Earnings of Financial
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Institutions — Maryland .................................
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8,430,000
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8,430,000
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Recording Fees ...........................................
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338,000
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338,000
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Foreign Corporation Filing Fees ...........................
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395,000
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395,000
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Maryland Corporation Filing Fees ..........................
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1,660,000
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830,000
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830,000
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Interest and Penalty ......................................
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30,242
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30,242
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DEATH TAXES:
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Collateral Inheritance Tax .................................
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8,600,000
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8,600,000
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Direct Inheritance Tax ....................................
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3,050,000
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3,050,000
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Interest and Penalty on Inheritance Taxes ..................
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17,867
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17,867
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Tax on Commissions of Executors and Administrators .......
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1,600,000
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1,600,000
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Maryland Estate Tax ......................................
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4,400,000
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4,400,000
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Interest on Maryland Estate Tax ...........................
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130,037
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130,037
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ALCOHOLIC BEVERAGE TAXES AND LICENSES:
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Tax on Liquor ............................................
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16,800,000
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11,200,000
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5,600,000
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Tax on Wine ..............................................
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3,016,000
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3,016,000
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Tax on Beer ..............................................
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8,800,000
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4,575,000
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4,225,666
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Alcoholic Beverage Licenses ...............................
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230,000
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230,000
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ADMISSIONS TAX .........................................
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491,029
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491,029
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MOTOR VEHICLE FUEL TAXES AND LICENSES ...........
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190,336,000
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190,336,000
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FEDERAL REVENUE SHARING ............................
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45,334,041
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45,334,041
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INCOME TAXES:
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Corporation Income Taxes .................................
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104,490,000
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93,673,000
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10,817,000
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Individual Income Taxes ...................................
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878,418,000
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878,418,000
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RETAIL SALES AND USE TAX AND LICENSES ............
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601,484,000
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601,484,000
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STATE TOBACCO TAX AND LICENSES ....................
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55,800,000
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39,228,000
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16,572,000
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MOTOR VEHICLE TAX AND LICENSES:
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Motor Vehicle Titling Tax .................................
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110,000,000
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22,000,000
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88,000,000
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Motor Vehicle Registrations ...............................
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93,400,000
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250,000
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93,150,000
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INSURANCE COMPANY TAXES, LICENSES AND FEES . . .
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38,133,513
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38,133,513
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HORSE RACE TAXES AND LICENSES ....................
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22,960,479
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16,650,000
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6,310,479
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DISTRICT COURTS FINES AND COSTS ...................
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24,000,000
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24,000,000
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INTEREST ON INVESTMENTS ............................
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18,300,000
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14,000,000
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4,300,000
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HOSPITAL PATIENT RECOVERIES:
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Mental Hospitals — Sponsors ..............................
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7,960,000
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7,960,000
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Mental Hospitals — Federal ...............................
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3,100,000
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3,100,000
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Chronic Disease Hospitals — Sponsors ......................
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2,600,000
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2,600,000
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Chronic Disease Hospitals — Federal .......................
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1,600,000
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1,600,00(
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Tuberculosis Hospital — Federal ...........................
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640,000
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640,000
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MISCELLANEOUS TAXES, FEES AND OTHER REVENUES:
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Recordation Tax .........................................
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113,040
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113,040
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Cigarette Sales Licenses ..................................
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64,323
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64,323
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Notary Commissions .....................................
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45,992
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45,992
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EXHIBIT I—Continued
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