STATE OF MARYLAND
Revenues from Tax on Horse Racing and Track Licenses
For the Fiscal Year Ended June 30, 1986
Collected by the Maryland Racing Commission
|
License Fees
|
Tax on Wagers
|
Breakage
|
Total
|
Source of Revenue:
|
|
|
|
|
One Mile Tracks:
|
|
|
|
|
Southern Maryland Agricultural Association— Bowie
|
$ 300
|
$ 57,265
|
|
$ 57,565
|
Laurel Race Course Inc.— Laurel
|
2,925
|
745,981
|
|
748,906
|
Maryland Jockey Club of Baltimore City— Pimlico
|
3,475
|
723,423
|
|
726,898
|
Total
|
6,700
|
1,526,669
|
|
1,533,369
|
Trotting and Pacing Tracks:
|
|
|
|
|
Ocean Downs Racing Association, Inc.— Berlin
|
3,625
|
|
|
3,625
|
Rosecroft Trotting and Pacing Association, Inc.— Oxen Hill
|
3,800
|
378,749
|
$170,092
|
552,641
|
Freestate Raceway
|
4,750
|
216,737
|
59,294
|
280,781
|
Total
|
12,175
|
595,486
|
229,386
|
837,047
|
Steeplechase:
|
|
|
|
|
Cecil County Breeders Fair, Inc.— Fairhill
|
|
34,122
|
|
34,122
|
Grand Total
|
$ 18,875
|
$2,156,277
|
$229,386
|
$2,404,538
|
Allocation of Net Revenue:
|
|
|
|
|
General Fund Revenue
|
$ 488,966
|
|
|
|
Special Fund Attainment:
|
|
|
|
|
To Subdivisions
|
921,450
|
|
|
|
To Maryland State Fair Agricultural Society, Inc.
|
500,000
|
|
|
|
To State Fair Board
|
450,000
|
|
|
|
To Fairhill Improvement Fund
|
34,122
|
|
|
|
To Great Frederick Fair
|
10,000
|
|
|
|
Grand Total
|
$2,404,538
|
|
|
|
Note: Revenues distributed according to Chapter 7 and 126, Acts of 1985, Effective July 1, 1985, Article 78B, Section 19.
SCHEDULE A—11
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