|
STATE OF MARYLAND
Revenue from Income Tax
For the Fiscal Year Ended June 30,1986
|
Collected by the Comptroller of the
Treasury, Income Tax Division
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Individual
|
Declarations
Unallocated
|
Employers
Withholding
Unallocated
|
Corporation
|
Corporation
Declaration
Unallocated
|
Fiduciary
|
Undistributed
|
Total
|
|
Gross Revenues
|
$3,113,340,279
|
$ 9,370,308
|
$ 179,896,639
|
$283,257,293
|
$(17,156,686)
|
$9,627,158
|
$ (956,983)
|
$3 577,378,008
|
|
Less— Refunds (A)
|
453,877,323
|
1,336,488
|
2,301,417
|
45,454,712
|
2,474,352
|
459,423
|
57,595
|
505,961,310
|
|
Plus— Deferred Revenue (B)
|
|
|
2,000,000
|
|
|
|
|
2,000,000
|
|
Net Revenues
|
$2,659,462,956
|
$ 8,033,820
|
$ 179,595,222
|
$237,802,581
|
$(19,631,038)
|
$9,167,735
|
$(1,014,578)
|
$3,073,416,698
|
|
Net Revenues by Taxable Years
|
|
|
|
|
|
|
|
|
|
1986
|
|
$146,612,497
|
$1,325,500,813
|
$ 294,007
|
$ 47,839,345
|
|
$ 4,357,320
|
$1,524,603,982
|
|
1985
|
$2,472,344,188
|
(82,570,479)
|
(1,057,751,402)
|
164,968,448
|
(17,852,339)
|
$6,096,889
|
(2,602,395)
|
1,482,632,910
|
|
1984
|
150,322,961
|
(54,707,686)
|
(67,764,674)
|
74,745,288
|
(48,024,463)
|
3,067,602
|
(1,904,491)
|
55,734,537
|
|
1983
|
19,942,165
|
(1,102,654)
|
(17,383,161)
|
257,237
|
(1,398,771)
|
(26,567)
|
(332,879)
|
(44,630)
|
|
1982
|
8,323,448
|
(197,858)
|
(5,125,412)
|
(1,002,910)
|
(68,778)
|
15,275
|
(205,575)
|
1.738,190
|
|
1981
|
2,496,120
|
|
(3,232)
|
(3,318,025)
|
4,905
|
15,059
|
(111,141)
|
(916,314)
|
|
1980
|
2,034,116
|
|
(5,776)
|
66,991
|
(59,763)
|
44
|
(66,485)
|
1,969,127
|
|
1979
|
1,333,421
|
|
(4,367)
|
70,091
|
(71,174)
|
(1,221)
|
(49,278)
|
1,277,472
|
|
1978
|
867,811
|
|
(567)
|
3,721,454
|
|
654
|
(42,012)
|
4,547,340
|
|
1977
|
551,753
|
|
(962)
|
|
|
|
(12,414)
|
538,377
|
|
1976
|
447,718
|
|
133,962
|
|
|
|
(17,857)
|
563,823
|
|
1975
|
230,776
|
|
|
|
|
|
(15,586)
|
215,190
|
|
1974
|
171,805
|
|
|
|
|
|
(1,985)
|
169,820
|
|
1973
|
94,933
|
|
|
|
|
|
(5,571)
|
89,362
|
|
1972
|
207,476
|
|
|
|
|
|
(4,169)
|
203,307
|
|
1971
|
111,178
|
|
|
|
|
|
|
111,178
|
|
1970
|
4,694
|
|
|
|
|
|
|
4,694
|
|
1969
|
(1,457)
|
|
|
|
|
|
(60)
|
(1,517)
|
|
1968
|
(9,492)
|
|
|
|
|
|
|
(9,492)
|
|
1967
|
(9,727)
|
|
|
|
|
|
|
(9,727)
|
|
1966
|
(931)
|
|
|
|
|
|
|
(931)
|
|
Less Deferred Revenue
|
|
|
2,000,000
|
|
|
|
|
2,000,000
|
|
Total
|
$2,659,462,956
|
$ 8,033,820
|
$ 179,595,222
|
$239,802,581
|
$(19,631,038)
|
$9,167,735
|
$(1,014,578)
|
$3,075,416,698
|
|
Source of Net Revenues
|
|
|
|
|
|
|
|
|
|
County
|
|
|
|
|
|
|
|
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Allegany
|
$ 27 j,250
|
|
|
|
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$ 33,745
|
|
$ 27,541,995
|
|
Anne Arundel
|
244,j99,398
|
|
|
|
|
96,427
|
|
244,695,825
|
|
Baltimore
|
464,942,801
|
|
|
|
|
1,059,664
|
|
466,002,465
|
|
Calvert
|
18,765,508
|
|
|
|
|
9,682
|
|
18,775,190
|
|
Caroline
|
8,291,919
|
|
|
|
|
3,551
|
|
8,295,470
|
|
Carroll
|
62,400,733
|
|
|
|
|
28,750
|
|
62,429,483
|
|
Cecil
|
23,273,229
|
|
|
|
|
10,044
|
|
23,283,273
|
|
Charles
|
45,379,485
|
|
|
|
|
13,999
|
|
45,393,484
|
|
Dorchester
|
10,918,691
|
|
|
|
|
11,364
|
|
10,930,055
|
|
Frederick
|
71,341,031
|
|
|
|
|
66,693
|
|
71,407,724
|
|
Garrett
|
8,057,563
|
|
|
|
|
7,940
|
|
8,065.503
|
|
Harford
|
85,742,249
|
|
|
|
|
16.559
|
|
85,758,808
|
|
Howard
|
117,156,031
|
|
|
|
|
52,978
|
|
117,209,009
|
|
Kent
|
6,802,896
|
|
|
|
|
6,699
|
|
6,809,595
|
|
Montgomery
|
613,933,863
|
|
|
|
|
1,797,073
|
|
615,730,936
|
|
Prince George's
|
387,667,910
|
|
|
|
|
243,071
|
|
387,910,981
|
|
Queen Anne s
|
14,641,484
|
|
|
|
|
46,077
|
|
14,687,561
|
|
St Mary s
|
26,997,537
|
|
|
|
|
7,887
|
|
27,005,424
|
|
Somerset
|
5,363,820
|
|
|
|
|
459
|
|
5,364,279
|
|
Talbot
|
16,985,950
|
|
|
|
|
36,625
|
|
17,022,575
|
|
Washington
|
50,314,022
|
|
|
|
|
11,646
|
|
50,325,668
|
|
Wicomico
|
29,757,861
|
|
|
|
|
35,081
|
|
29,792,942
|
|
Worcester
|
14,038,894
|
|
|
|
|
13,289
|
|
14,052,183
|
|
Baltimore City
|
284,299,810
|
|
|
|
|
5,364,853
|
|
289,664,663
|
|
Unclassified
|
9,589,585
|
$ 8,033,820
|
$ 174,137,875
|
$234,795,347
|
$(19,631,038)
|
187,860
|
$(1,014,578)
|
406,098,871
|
|
Interest
|
10,692.436
|
|
3,457,347
|
5,007,234
|
|
5,719
|
|
19,162,736
|
|
Less Deferred Revenue
|
|
|
2,000,000
|
|
|
|
|
2,000,000
|
|
Total
|
$2,659,462,956
|
$ 8,033,820
|
$ 179,595,222
|
$239,802,581
|
$(19,631,038)
|
$9,167,735
|
$(1,014,578)
|
$3,075,416,698
|
|
Allocation of Net Revenues
|
|
|
|
|
|
|
|
|
|
General Fund Revenue
|
$1,736,036,388
|
$ 8,033,820
|
$ 179,595,222
|
$164,200,236
|
$(19,631,038)
|
$6,142,283
|
$(1,014,578)
|
$2,073,362,433
|
|
Special Fund Attainment
|
|
|
|
|
|
|
|
|
|
To Subdivisions
|
(698)
|
|
|
|
|
|
|
(698)
|
|
To Transportation Trust Fund
|
|
|
|
22,124,135
|
|
|
|
22,124,135
|
|
To Gas & Motor Vehicle Fund
|
|
|
|
26,739,105
|
|
|
|
26,739,105
|
|
To Transportation Revenue
|
|
|
|
|
|
|
|
|
|
Sharing Fund
|
|
|
|
26,739,105
|
|
|
|
26,739,105
|
|
Non-Budgeted Fund Revenue
|
|
|
|
|
|
|
|
|
|
Reserve for Subdivision
|
923,427,266
|
|
|
|
|
3,025,352
|
|
926,452,618
|
|
Total
|
$2,659,462,956
|
$ 8,033,820
|
$179,595,222
|
$239,802,581
|
($19,631,038)
|
$9,167,735
|
l_ ($1,014,578)
|
$3,075,416,698
|
(A) In Addition, refunds totaling $31,286,577 that were applied to Individual 1985 & 1986 Declaration of Estimated Tax accounts are not considered as revenues or reflected in the above totals
(B| The deferred revenue is the estimated amount of Employer's Withholding collections applicable to fiscal year 1987 Income Tax revenue
( ) Denotes Red Figures
65
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 |
