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54
STATE OF MARYLAND
Revenue from Tax on Horse Racing and Track Licenses
For the Fiscal Year Ended June 30, 1985
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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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$ 3,069,725
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$ 55,000
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$ 3,014,725
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Laurel Race Course, Inc. -Laurel ............................
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5,301,168
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118,000
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5,183,168
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Maryland Jockey Club of Baltimore City-Pimlico ...............
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3,396,961
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71,000
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3,325,961
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Total .................................................
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11,767,854
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244,000
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11,523,854
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Half Mile Tracks:
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Maryland State Fair and Agricultural Society of Baltimore
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County -Timonium .......................................
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656,057
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656,057
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Trotting and Pacing Tracks:
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Ocean Downs Racing Association, Inc. -Berlin .................
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105,708
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625
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105,083
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Rosecroft Trotting and Pacing Association, Inc. -Oxon Hill ......
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631,057
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3,625
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520,510
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$106,922
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Freestate Raceway .........................................
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1,430,893
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1,000
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1,287,092
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142,801
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Total .................................................
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2,167,658
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5,250
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1,912,685
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249,723
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Steeplechase:
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Cecil County Breeders Fair, Inc. -Fairhill .....................
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42,514
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42,514
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Grand Total ...........................................
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$14,634,083
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$249,250
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$14,135,110
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$249,723
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Distribution of Revenue
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One Mile Track Licenses:
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Baltimore City and Counties .................................
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$ 3,036,542
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$ 52,500
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$ 2,984,042
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General Fund .............................................
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7,120,477
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170,500
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6,949,977
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Total .................................................
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10,157,019
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223,000
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9,934,019
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Half Mile Track Licenses:
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Baltimore City and Counties .................................
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295,853
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5,250
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290,603
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General Fund .............................................
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1,971,039
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15,750
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1,955,289
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Total .................................................
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2,266,892
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21,000
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2,245,892
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Trotting and Pacing Track Licenses:
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Baltimore City and Counties .................................
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288,498
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1,000
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265,325
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$ 22,173
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General Fund .............................................
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1,879,160
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4,250
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1,647,360
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227,550
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Total .................................................
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2,167,658
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5,250
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1,912,685
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249,723
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Steeplechase Licenses:
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Fairhill Improvement Fund ..................................
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42,514
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42,514
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Grand Total ...........................................
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$14,634,083
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$249,250
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$14,135,110
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$249,723
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Allocation of Net Revenue:
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General Fund Revenue .......................................
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$10,567,176
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Special Fund Attainment:
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To Subdivisions .............................................
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3,620,893
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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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42,514
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Grand Total .............................................
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$14,634,083
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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-11
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