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36
STATE OF MARYLAND
Revenue Estimates and Collections
Fiscal Year Ended June 30, 1980
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GENERAL FUN
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D
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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 Ended
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June 30, 1980
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Revenues 1980
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Fiscal Year (1)
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Amount
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Excess or
Deficiency ( )
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PROPERTY TAXES:
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Real and Personal Property Tax ...........................
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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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$ 1,201,000
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$ 1,077,028
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$ (123,972)
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Franchise Tax on Gross Receipts ..........................
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61,489,000
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59,459,854
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(2,029,146)
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Tax on Rolling Stock of Persons Other than Railroads ........
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95,000
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252,070
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157,070
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Franchise Tax on Net Earnings of Savings Banks, Building,
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Savings and Loan Associations ........................
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71,000
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50,237
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(20,763)
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Bonus Tax .............................................
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274,600
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332, 263
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57,663
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Franchise Tax on Ordinary Business Corporations ...........
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500
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645
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145
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Franchise Tax on Net Earnings of Financial Institutions ......
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12,000,000
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17,739,052
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5,739,052
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Recording Fees .........................................
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538,600
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501,408
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(37,192)
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Foreign Corporation Filing Fees ...........................
Maryland Corporation Filing Fees .........................
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483,000
905,000
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528,440
1,082,547
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45,440
177,547
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Interest and Penalty ....................................
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32,301
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62,919
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30,618
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DEATH TAXES:
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Collateral Inheritance Tax ...............................
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10,750,000
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12,031,021
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1,281,021
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Direct Inheritance Tax ...................................
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3,975,000
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4,211,651
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236,651
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Interest and Penalty on Inheritance Taxes ..................
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17,867
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18,266
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399
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Tax on Commissions of Executors and Administrators ........
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1,875,000
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2,013,392
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138,392
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Maryland Estate Tax ....................................
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4,000,000
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4,256,943
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256,943
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Interest on Maryland Estate Tax ..........................
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130,037
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135,114
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5,077
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ALCOHOLIC BEVERAGES TAXES AND LICENSES:
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Tax on Liquor ..........................................
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11,200,000
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11,104,148
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(95,852)
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Tax on Wine ...........................................
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3,250,000
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3,295,600
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45,600
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Tax on Beer ............................................
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4,550,000
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4,744,080
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194,080
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Alcoholic Beverage Licenses ..............................
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250,000
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241,716
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(8,284)
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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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44,532,000
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44,532,052
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52
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INCOME TAXES:
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Corporation Income Taxes ................................
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120,036,000
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126,113,118
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6,077,118
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Individual Income Taxes .................................
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1,103,577,000
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1,096,899,145
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(6,677,855)
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RETAIL SALES AND USE TAX AND LICENSES ...............
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716,887,000
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712,883,100
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(4,003,900)
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STATE TOBACCO TAX AND LICENSES ......................
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36,950,000
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36,971,360
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21,360
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MOTOR VEHICLE TAX AND LICENSES:
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Motor Vehicle Titling Tax ................................
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27,200,000
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25,419,153
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. (1,780,847)
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Motor Vehicle Registrations ..............................
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225,000
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257,639
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32,639
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INSURANCE COMPANY TAXES, LICENSES, AND FEES .......
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57,952,000
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57,474,614
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(477,386)
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HORSE RACE TAXES AND LICENSES .......................
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11,832,000
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10,922,202
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(909,798)
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DISTRICT COURTS FINES AND COSTS ......................
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24,735,000
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23,129,532
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(1,605,468)
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INTEREST ON INVESTMENTS ..............................
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65,000,000
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67,312,453
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2,312,453
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HOSPITAL PATIENT RECOVERIES:
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Mental Hospitals ? Sponsors ..............................
Mental Hospitals ? Federal ...............................
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8,300,000
4,800,000
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9,713,067
4,311,814
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1,413,067
(488,186)
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Chronic Disease Hospitals ? Sponsors ......................
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2,900,000
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3,679,358
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779,358
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Chronic Disease Hospitals ? Federal .......................
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2,700,000
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2,573,121
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(126,879)
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Tuberculosis Hospital ? Federal ...........................
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440,000
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350,474
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(89,526)
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MISCELLANEOUS TAXES, FEES AND OTHER REVENUES:
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Recordation Tax ........................................
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120,000
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8,433
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(111,567)
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Cigarette Sales Licenses .................................
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Notary Commissions ....................................
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142,130
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45,410
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(96,720)
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3% Share Business Licenses .............................
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110,642
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141,195
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30,553
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Music Box Licenses, Etc.................................
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152,298
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200,903
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48,605
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