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34
STATE OF MARYLAND
Revenue Estimates and Collections
Fiscal Year Ended June 30, 1986
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GENERAL FUND
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Revenues
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Collected
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SOURCE
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Estimated
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Fiscal Year Ended
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June 30, 1986
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Budget
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Revenues 1986
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Excess or
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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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Property Taxes
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Property Transfer Taxes
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$ 31,607,000
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$ 30,563,197
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$ (1,043,803)
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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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1,900,000
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1,904,775
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4,775
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Franchise Tax on Gross Receipts
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96,777,000
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91,028,763
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(5,748,237)
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Tax on Rolling Stock of Persons Other than Railroads
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250,000
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218,312
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(31,688)
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Franchise Tax on Net Earnings of Saving Banks, Building,
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Savings and Loan Associations
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47,500
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74,707
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27,207
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Organization and Capitalization Fee
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425,000
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484,510
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59,510
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Franchise Tax on Net Earnings of Financial Institutions
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25,000,000
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24,368,253
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(631,747)
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Recording Fees-Foreign
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195,000
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190,493
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(4,507)
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Recording Fees-Domestic
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1,525,000
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1,732,544
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207,544
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Foreign Corporation Filing Fees
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595,000
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519,240
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(75,760)
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Maryland Corporation Filing Fees
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1,390,000
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1,373,786
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(16,214)
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Interest and Penalty
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521,038
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766,648
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245,610
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DEATH TAXES:
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Collateral Inheritance Tax
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21,000,000
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22,663,132
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1,663,132
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Direct Inheritance Tax
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7,500,000
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8,966,357
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1,466,357
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Interest and Penalty on Inheritance Taxes
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18,500
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17,143
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(1,357)
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Tax on Commissions of Executors and Administrators
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3,200,000
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3,039,973
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(160,027)
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Maryland Estate Tax
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8,000,000
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9,752,908
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1,752,908
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Interest on Maryland Estate Tax
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250,000
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370,939
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120,939
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ALCOHOLIC BEVERAGE TAXES AND LICENSES:
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Tax on Liquor
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9,500,000
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9,769,751
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269,751
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Tax on Wine
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4,000,000
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4,139,152
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139,152
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Tax on Beer
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4,700,000
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4,757,427
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57,427
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Alcoholic Beverage Licenses
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340,000
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337,050
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(2,950)
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ADMISSIONS TAX
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MOTOR VEHICLE FUEL TAXES AND LICENSES
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6,317,000
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5,950,919
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(366,081)
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INCOME TAXES:
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Corporation Income Taxes
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147,238,000
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144,569,198
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(2,668,802)
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Individual Income Taxes
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1,925,094,000
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1,928,793,236
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3,699,236
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RETAIL SALES AND USE TAX ON LICENSES
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1,186,080,000
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1,189,688,163
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3,608,163
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STATE TOBACCO TAX AND LICENSES
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52,000,000
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51,849,408
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(150,592)
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MOTOR VEHICLE TAX AND LICENSES:
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Motor Vehicle Titling Tax
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Motor Vehicle Registration
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700,000
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822,967
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122,967
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INSURANCE COMPANY TAXES, LICENSES AND FEES
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91,882,000
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101,902,063
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10,020,063
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HORSE RACE TAXES AND LICENSES
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689,000
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1,325,513
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636,513
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DISTRICT COURT FEES AND COSTS
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37,500,000
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41,944,749
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4,444,749
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INTEREST ON INVESTMENTS
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30,850,000
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30,332,098
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(517,902)
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