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342
STATE OF MARYLAND
Revenue Estimates and Collections
Fiscal Year Ended June 30, 1978
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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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F Y Ended
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June 30, 1978
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Revenues 1978
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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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$1,019,441 00
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$965,875 11
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$(53,565 89)
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Franchise Tax on Gross Receipts
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45,690,000 00
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48,808,642 35
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3,118,64235
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Tax on Rolling Stock of Persons Other Than Railroads
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95,000 00
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55,075 35
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(39,924 65)
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Franchise Tax on Net Earnings of Savings Banks, Building,
Savings and Loan Associations
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33,000 00
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60,057 84
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27,057 84
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Bonus Tax
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252,000 00
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235,219 50
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(16,780 50)
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Franchise Tax on Ordinary Business Corporations
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1,000 00
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1,200 00
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20000
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Franchise Tax on Net Earnings of Financial Institutions
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7,100,000 00
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10,246,250 28
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3,146,250 28
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Recording Fees
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375,000 00
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379,441 05
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4,441 05
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Foreign Corporation Filing Fees
Maryland Corporation Filing Fees
Interest and Penalty
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413,000 00
848,500 00
50,077 00
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403,21150
830,652 50
22,982 66
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(9,788 50)
(17,847 50)
(27,094 34)
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DEATH TAXES
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Collateral Inheritance Tax
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8,600,000 00
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9,485,15832
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885,158 32
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Direct Inheritance Tax
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3,050,000 00
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3,413,291 74
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363,291 74
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Interest and Penalty on Inheritance Taxes
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17,867 00
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11,10308
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(6,763 92)
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Tax on Commissions of Executors and Administrators
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1,600,00000
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1,674,395 22
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74,395 22
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Maryland Estate Tax
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4,400,000 00
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2,595,909 68
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(1,804,090 32)
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Interest on Maryland Estate Tax
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130,037 00
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126,421 50
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(3,615 50)
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ALCOHOLIC BEVERAGE TAXES AND LICENSES
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Tax on Liquor
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11,072,00000
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11,063,151 75
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(8,848 25)
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Tax on Wine
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3,100,000 00
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3,068,767 00
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(31,233 00)
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Tax on Beer
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4,716,000 00
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4,215,934 08
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(500,065 92)
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Alcoholic Beverage Licenses
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230,000 00
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239,016 00
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9,016 00
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ADMISSIONS TAX
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MOTOR VEHICLE FUEL TAXES AND LICENSES
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FEDERAL REVENUE SHARING
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51,355,58800
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51,781,69500
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426,107 00
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INCOME TAXES
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Corporation Income Taxes
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94,403,000 00
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99,782,866 61
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5,379,866 61
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Individual Income Taxes
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882,798,000 00
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884,378,886 83
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1,580,886 83
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RETAIL SALES AND USE TAX AND LICENSES
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620,588,000 00
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628,058,821 42
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7,470,821 42
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STATE TOBACCO TAX AND LICENSES
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38,243,000 00
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37,621,321 45
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(621,678 55)
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MOTOR VEHICLE TAX AND LICENSES
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Motor Vehicle Titling Tax
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23,600,000 00
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24,936,099 59
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1,336,099 59
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Motor Vehicle Registrations
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250,000 00
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319,502 00
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69,502 00
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INSURANCE COMPANY TAXES, LICENSES AND FEES
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39,453,622 00
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49,870,699 83
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10,417,077 83
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HORSE RACE TAXES AND LICENSES
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15,513,000 00
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14,049,184 18
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(1,463,815 82)
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DISTRICT COURTS FINES AND COSTS
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24,000,000 00
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23,282,662 85
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(717,337 15)
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INTEREST ON INVESTMENTS
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15,000,000 00
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25,426,399 64
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10,426,399 64
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HOSPITAL PATIENT RECOVERIES
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Mental Hospitals ? Sponsors
Mental Hospitals ? Federal
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8,150,000 00
2,460,000 00
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7,764,132 58
3,946,619 14
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(385,867 42)
1,486,619 14
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Chronic Disease Hospitals ? Sponsors
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3,800,000 00
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2,100,021 24
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(1,699,978 76)
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Chronic Disease Hospitals ? Federal
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2,600,000 00
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3,597,241 48
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997,241 48
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Tuberculosis Hospital ? Federal
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550,000 00
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808,449 69
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258,449 69
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MISCELLANEOUS TAXES, FEES AND OTHER REVENUES
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Recordation Tax
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79,940 00
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198,127 16
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118,187 16
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Cigarette Sales Licenses
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Notary Commissions
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40,512 00
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247,893 80
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207,381 80
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