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56
STATE OF MARYLAND
Revenue from Tax on Horse Racing and Track Licenses
For the Fiscal Year Ended June 30, 1984
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Collected by the Maryland Racing Commission
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Total
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License Fees
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Tax on Wagers
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Breakage
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Source of Revenue
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One Mile Tracks:
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Southern Maryland Agricultural Association — Bowie ............
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$ 4,183,062
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$ 112,000
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$ 4,071,062
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Laurel Race Course, Inc. — Laurel ...............................
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3,074,502
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75,000
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2,999,502
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Maryland Jockey Club of Baltimore City — Pimlico ...............
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3,431,262
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76,000
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3,355,262
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Total .....................................................
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10,688,826
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263,000
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10,425,826
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Half Mile Tracks:
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Maryland State Fair and Agricultural Society of Baltimore
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|
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County — Timonium .......................................
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660,163
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660,163
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Trotting and Pacing Tracks:
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Ocean Downs Racing Association, Inc. — Berlin ..................
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86,744
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2,125
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84,619
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Rosecroft Trotting and Pacing Association, Inc. — Oxon Hill
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2,422,370
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3,625
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2,254,033
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$ 164,712
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Freestate Raceway .............................................
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1,890,304
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5,000
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1,769,527
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1,157,777
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Total .....................................................
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4,399,418
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10,750
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4,108,179
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280,489
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Steeplechase:
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Cecil County Breeders Fair, Inc. — Fairhill .......................
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37,182
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37,182
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Grand Total ...............................................
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$15,785,589
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$273,750
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$15,231,350
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$280,489
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Distribution of Revenue
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One Mile Track Licenses:
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Baltimore City and Counties ...................................
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$2,414,945
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$ 57,500
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$2,357,445
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General Fund .................................................
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7,163,291
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170,500
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6,992,791
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Total .....................................................
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9,578,236
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228,000
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9,350,236
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Half Mile Track Licenses:
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Baltimore City and Counties ...................................
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177,307
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16,500
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160,807
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General Fund .................................................
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15,934,446
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18,500
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1,574,946
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Total .....................................................
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1,770,753
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35,000
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1,735,753
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Trotting and Pacing Track Licenses:
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Baltimore City and Counties ...................................
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495,696
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1,188
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458,540
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$ 35,968
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General Fund .................................................
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3,903,722
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9,562
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3,649,639
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244,521
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Total .....................................................
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4,399,418
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10,750
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4,108,179
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280,489
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Steeplechase Licenses:
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Fairhill Improvement Fund.....................................
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37,182
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37,182
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Grand Total ...................................................
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$15,785,589
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$273,750
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$15,231,350
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$280,489
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Allocation of Net Revenues:
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General Fund Revenue.........................................
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$12,256,959
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Special Fund Attainment:
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To Subdivisions ...............................................
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3,087,948
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To State Fair Board............................................
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403,500
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To Fairhill Improvement Fund ..................................
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37,182
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Grand Total ...............................................
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$15,785,589
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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.
SCHEDULE A—12
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