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36
STATE OF MARYLAND
Revenue Estimates and Collections
Fiscal Year Ended June 30, 1981
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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 End
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ed June 30, 1981
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Revenues 1981
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Fiscal Year (1)
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Amount
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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, Sav-
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ings and Loan Associations ...........................
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$1,329,000
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$1,220,069
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$(108,931)
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Franchise Tax on Gross Receipts ..........................
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64,897,000
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67,589,825
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2,692,825
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Tax on Rolling Stock of Persons Other than Railroads ........
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120,000
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111,369
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(8,631)
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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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55,000
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47,728
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(7,272)
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Bonus Tax .............................................
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360,000
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365,119
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5,119
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Franchise Tax on Ordinary Business Corporations ...........
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475
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628
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153
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Franchise Tax on Net Earnings of Financial Institutions ......
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10,500,000
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12,172,088
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1,672,088
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Recording Fees .........................................
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590,000
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617,213
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27,213
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Foreign Corporation Filing Fees ...........................
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500,000
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546,097
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46,097
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Maryland Corporation Filing Fees .........................
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900,000
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1,056,933
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156,933
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Interest and Penalty ....................................
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66,065
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91,968
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25,903
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DEATH TAXES:
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Collateral Inheritance Tax ...............................
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12,875,000
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12,677,054
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(197,946)
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Direct Inheritance Tax ...................................
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4,500,000
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4,392,775
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(107,225)
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Interest and Penalty on Inheritance Taxes ..................
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17,867
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11,114
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(6,753)
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Tax on Commissions of Executors and Administrators ........
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2,125,000
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2,029,088
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(95,912)
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Maryland Estate Tax ....................................
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5,000,000
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4,937,670
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(62,330)
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Interest on Maryland Estate Tax ..........................
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130,037
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247,668
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117,631
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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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11,168,923
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(31,077)
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Tax on Wine ...........................................
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3,400,000
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3,540,395
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140,395
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Tax on Beer ............................................
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5,075,000
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4,950,558
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(124,442)
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Alcoholic Beverage Licenses ..............................
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250,000
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243,636
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(6,364)
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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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11,037,000
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11,021,926
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(15,074)
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INCOME TAXES:
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Corporation Income Taxes ................................
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64,638,000
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59,760,029
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(4,877,971)
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Individual Income Taxes .................................
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1,194,435,000
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1,205,354,855
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10,919,855
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RETAIL SALES AND USE TAX AND LICENSES ...............
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743,958,000
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753,745,274
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9,787,274
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STATE TOBACCO TAX AND LICENSES ......................
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56,600,000
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56,990,433
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390,433
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MOTOR VEHICLE TAX AND LICENSES:
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Motor Vehicle Titling Tax ................................
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656,000
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656,107
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107
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Motor Vehicle Registrations ..............................
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300,000
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344,599
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44,599
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INSURANCE COMPANY TAXES, LICENSES, AND FEES .......
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62,245,000
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61,749,639
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(495,361)
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HORSE RACE TAXES AND LICENSES .......................
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11,100,000
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11,859,432
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759,432
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DISTRICT COURTS FINES AND COSTS ......................
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26,100,000
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25,348,614
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(751,386)
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INTEREST ON INVESTMENTS ..............................
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63,000,000
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74,290,191
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11,290,191
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HOSPITAL PATIENT RECOVERIES:
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Mental Hospitals — Sponsors ..............................
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14,200,000
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13,770,865
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(429,135)
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Mental Hospitals — Federal ...............................
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6,500,000
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6,509,427
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9,427
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Chronic Disease Hospitals — Sponsors ......................
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5,000,000
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4,967,543
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(32,457)
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Chronic Disease Hospitals — Federal .......................
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2,300,000
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3,450,808
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1,150,808
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Tuberculosis Hospital — Federal ...........................
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690,000
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741,327
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51,327
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MISCELLANEOUS TAXES, FEES AND OTHER REVENUES:
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Recordation Tax ........................................
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8,855
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174,023
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165,168
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Cigarette Sales Licenses .................................
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Notary Commissions ....................................
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47,681
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50,050
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2,369
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3% Share Business Licenses ..............................
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148,255
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138,490
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(9,765)
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Music Box Licenses, Etc..................................
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210,948
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166,139
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(44,809)
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