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Annual Report of the Comptroller, 1986
Volume 350, Supplement 58   View pdf image (33K)
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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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Annual Report of the Comptroller, 1986
Volume 350, Supplement 58   View pdf image (33K)
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