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328
STATE OF MARYLAND
Receipts from Tax on Horse Racing and Track Licenses
For the Fiscal Year Ended June 30, 1978
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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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1977
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1978
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ONE MILE TRACKS
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Southern Maryland Agricultural Association — Bowie
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$5,650,797 13
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$2,603,627 58
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$3,047,16955
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Laurel Race Course, Inc — Laurel
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3,541,78030
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3,462,731 26
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79,049 04
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Maryland Jockey Club of Baltimore City — Pimlico
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5,332,230 67
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5,332,230 67
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TOTAL
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14,524,808 10
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6,066,358 84
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8,458,449 26
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HALF MILE TRACKS
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|
|
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Maryland State Fair and Agricultural Society of Baltimore County — Timonium
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1,220,33065
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1,220,330 65
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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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384,405 33
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384,405 33
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Rosecroft Trotting and Pacing Association, Inc — Oxon Hill
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2,391,519 29
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236,156 99
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2,155,362 30
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Laurel Harness Racing Association, Inc — Roaecroft
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1,708,530 42
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1,706,855 42
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1,675 00
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TOTAL
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4,484,455 04
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2,327,417 74
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2,157,037 30
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STEEPLECHASE
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|
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Cecil County Breeders Fair, Inc — Fairhill
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72,873 44
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33,545 36
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39,328 08
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GRAND TOTAL
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$20,302,467 23
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$9,647,652 59
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$10,654,814 64
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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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$3,440,44538
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$1,190,346 69
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$2,250,09869
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General Fund
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9,488,663 72
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3,280,313 15
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6,208,350 57
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TOTAL
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12,929,109 10
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4,470,659 84
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8,458,449 26
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HALF MILE TRACK LICENSES
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|
|
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Baltimore City and Counties
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834,663 13
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425,526 42
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(a)409,136.71
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General Fund
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1,981,366 52
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2,390,503 23
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(a)(409,136.71)
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TOTAL
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2,816,029 65
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2,816,029 65
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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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501,801 10
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238,441 80
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263,359 30
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General Fund
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3,982,653 94
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2,088,975 94
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1,893,678 00
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TOTAL
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4,484,455 04
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2,327,417 74
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2,157,037 30
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STEEPLECHASE LICENSES
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|
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Fairhill Improvement Fund
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72,873 44
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33,545 36
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39,328 08
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GRAND TOTAL
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$20,302,467 23
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$9,647,652 59
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$10,654,814 64
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ALLOCATION OF NET RECEIPTS
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General Fund Revenue
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$14,049,184 18
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Special Fund Attainment
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To Subdivisions
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4,274,723 30
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To Post Mortem Examiners
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502,186.31
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To State Fair Board
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1,403,500 00
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To Fairhill Improvement Fund
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72,873 44
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GRAND TOTAL
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$20,302,467 23
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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) Half mile distribution for Marlboro, Marlboro-Hagerstown Joint Venture adjusted for the fiscal years 1975, 1976, and 1977 Allocated as one
36 day meet in each of these years, should have been allocated as two 18 day meets in each year
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