32

STATE OF MARYLAND

Revenue Estimates and Collections
Fiscal Year Ended June 30, 1985

		GENERAL FUND
		Revenues	Collected
SOURCE	Estimated	Fiscal Year End	ed June 30, 1985
	Budget
	Revenues 1985		Excess or
	Fiscal Year (1)	Amount	Deficiency ( )
PROPERTY TAXES:
Property Taxes ...........................................
Property Transfer Taxes ...................................	$ 14,812,000	$ 19,938,327	$ 5,126,327
FRANCHISE AND CORPORATION TAXES:
Franchise Tax on Federal, Domestic and Foreign Building,
Savings and Loan Associations ...........................	2,007,103	2,182,395	175,292
Franchise Tax on Gross Receipts ............................	87,000,000	86,278,421	(721,579)
Tax on Rolling Stock of Persons Other than Railroads ..........	225,000	500,098	275,098
Franchise Tax on Net Earnings of Savings Banks, Building,
Savings and Loan Associations ...........................	33,000	268,383	235,383
Bonus Tax ................................................	475,000	422,636	(52,364)
Franchise Tax on Net Earnings of Financial Institutions ........	21,000,000	23,663,761	2,663,761
Recording Fees ...........................................	1,275,000	1,675,049	400,049
Foreign Corporation Filing Fees .............................	710,270	501,570	(208,700)
Maryland Corporation Filing Fees ...........................	1,227,800	1,288,871	61,071
Interest and Penalty .......................................	197,215	506,762	309,547
DEATH TAXES:
Collateral Inheritance Tax ..................................	20,000,000	21,270,649	1,270,649
Direct Inheritance Tax .....................................	7,000,000	7,644,426	644,426
Interest and Penalty on Inheritance Taxes ....................	17,867	19,317	1,450
Tax on Commissions of Executors and Administrators ..........	2,900,000	3,050,312	150,312
Maryland Estate Tax ......................................	7,500,000	7,294,194	(205,806)
Interest on Maryland Estate Tax ............................	130,037	230,900	100,863
ALCOHOLIC BEVERAGE TAXES AND LICENSES:
Tax on Liquor ............................................	10,050,000	10,119,525	69,525
Tax on Wine ..............................................	3,850,000	4,065,920	215,920
Tax on Beer ..............................................	5,000,000	4,821,205	(178,795)
Alcoholic Beverage Licenses ................................	300,000	337,592	37,592
ADMISSIONS TAX ...........................................
MOTOR VEHICLE FUEL TAXES AND LICENSES ..............	6,270,000	6,825,059	555,059
INCOME TAXES:
Corporation Income Taxes ..................................	138,375,000	141,439,691	3,064,691
Individual Income Taxes ....................................	1,767,367,000	1,767,872,157	505,157
RETAIL SALES AND USE TAX AND LICENSES ...............	1,097,733,000	1,098,526,866	793,866
STATE TOBACCO TAX AND LICENSES .......................	51,000,000	51,848,468	848,468
MOTOR VEHICLE TAX AND LICENSES:
Motor Vehicle Titling Tax ..................................
Motor Vehicle Registration .................................	750,000	850,470	100,470
INSURANCE COMPANY TAXES, LICENSES AND FEES .......	78,760,000	83,950,809	5,190,809
HORSE RACE TAXES AND LICENSES ........................	10,823,000	10,567,176	(255,824)
DISTRICT COURTS FEES AND COSTS ........................	34,500,000	34,028,012	(471,988)
INTEREST ON INVESTMENTS ...............................	35,000,000	41,706,207	6,706,207
HOSPITAL PATIENT RECOVERIES:
Mental Hospital- Sponsors ..................................	11,200,000	9,157,664	(2,042,336)
Mental Hospitals -Federal ..................................	4,800,000	3,694,298	(1,105,702)
Chronic Disease Hospitals -Sponsors ......................... Chronic Disease Hospitals -Federal ..........................	4,900,000 4,200,000	6,154,572 3,176,879	1,254,572 (1,023,121)
All Hospitals -Medicaid ....................................	41,400,000	35,902,007	(5,497,993)