47
STATE OF MARYLAND
Revenue from Income Tax
For the Fiscal Year Ended June 30,1987
Collected by the Comptroller of the
Treasury, Income Tax Division
|
Individual
|
Declarations
Unallocated
|
Employers
Withholding
Unallocated
|
Corporation
Corporation
Unallocated
|
Declaration
|
Fiduciary
|
Undistributed
|
Total
|
Gross Revenues
Less— Refunds (A)...........................
|
?3,452,016,365
478,264,556
|
? 56,789,255
1,193,998
|
? 242,929,816
4,241,382
|
$297,633,415
54,183,408
|
? (2,532,324)
2,991,060
|
$ 31,999,405
401,343
|
$ 3,727,426
51,942
|
$4,082,563,358
541,327,689
|
|
|
|
34,000,000
|
|
|
|
|
34,000,000
|
Net Revenues ................................
|
$2,973,751,809
|
$ 55,595,257
|
? 204,683,434
|
$243,450,007
|
$ (5,523,384)
|
$ 31,598,062
|
$ 3,675,484
|
$3,507,235,669
|
Net Revenues by Taxable Years:
1987 ......................................
|
|
?167,823,784
|
?1,442,793,965
|
?32,755
|
$53,506,624
|
|
$22,492,960
|
$1,686,650,088
|
1986 ......................................
|
12,742,520,331
|
(33,072,427)
|
(1,096,463,884)
|
180,199,390
|
(11,861,296)
|
$24,722,970
|
(15,153,852)
|
1,790,891,232
|
1985 ......................................
|
189,651,556
|
(77,522,559)
|
(89,561,524)
|
73,689,633
|
(46,627,115)
|
?6,717,458
|
(3,523,728)
|
52,818,721
|
1984 ......................................
|
20,368,695
|
(1,314,918)
|
(14,049,010)
|
(2,536,426)
|
(420,862)
|
108,453
|
(23,843)
|
2,132,089
|
1983 ......................................
|
8,372,706
|
(318,623)
|
(4,181,240)
|
(6,275,851)
|
(83,075)
|
(23,762)
|
(23,677)
|
(2,533,522)
|
1982 ......................................
|
3,823,761
|
|
(3,851)
|
(3,040,690)
|
(21,009)
|
(11,026)
|
(10,658)
|
736,527
|
1981 ......................................
|
2,936,350
|
|
(4,941)
|
(294,981)
|
(8,525)
|
81,770
|
(6,972)
|
2,702,701
|
1980 ......................................
|
2,337,741
|
|
(829)
|
177,435
|
(8,126)
|
1,831
|
(5,691)
|
2,502,361
|
1979 ......................................
|
1,170,119
|
|
(1,691)
|
1,498,742
|
|
189
|
(4,906)
|
2,662,453
|
1978 ......................................
|
820,200
|
|
(5,981)
|
|
|
|
(33,564)
|
780,655
|
1977 ......................................
|
501,860
|
|
125,066
|
|
|
116
|
(7,704)
|
619,338
|
1976 ......................................
|
799,229
|
|
42,354
|
|
|
62
|
(5,342)
|
836,303
|
1975 ......................................
|
210,483
|
|
|
|
|
1
|
(793)
|
209,691
|
1974 ......................................
|
54,550
|
|
|
|
|
|
(6,218)
|
48,332
|
1973 ......................................
|
84,052
|
|
|
|
|
|
(4,186)
|
79,866
|
1972 ......................................
|
71,375
|
|
|
|
|
|
(287)
|
71,088
|
1971 ......................................
|
27,521
|
|
|
|
|
|
(942)
|
26,579
|
1970 ......................................
|
4,553
|
|
|
|
|
|
(113)
|
4,440
|
1969 ......................................
|
(681)
|
|
|
|
|
|
|
(681)
|
1968 ......................................
|
(2,592)
|
|
|
|
|
|
|
(2,592)
|
1967 ......................................
|
|
|
|
|
|
|
|
|
1966 ......................................
|
|
|
|
|
|
|
|
|
Deferred Revenue ............................
|
|
|
(34,000,000)
|
|
|
|
|
(34,000,000)
|
Total..............................
|
?2,973,751,809
|
? 55,595,257
|
? 204,688,454
|
$243,450,007
|
$ (5,523,384)
|
$ 31,598,062
|
$ 3,675,484
|
$3,507,235,669
|
Source of Net Revenues:
County
Allegany .................................
|
? 29,758,674
|
|
|
|
|
? 412,943
|
|
? 30,171,617
|
Anne Arundel .............................
|
274,372,207
|
|
|
|
|
254,277
|
|
274,626,484
|
|
521,225,464
|
|
|
|
|
1,227,382
|
|
522,452,846
|
Calvert ..................................
|
25,761,102
|
|
|
|
|
6,208
|
|
25,767,310
|
|
9,285,348
|
|
|
|
|
9,704
|
|
9,295,052
|
Carroll ...................................
|
70,618,237
|
|
|
|
|
65,441
|
|
70,683,678
|
Cecil.....................................
|
26,185,026
|
|
|
|
|
26,527
|
|
26,211,553
|
Charles ..................................
|
49,882,508
|
|
|
|
|
20,728
|
|
49,903,236
|
Dorchester ...............................
|
12,086,440
|
|
|
|
|
13,723
|
|
12,100,163
|
Frederick ................................
|
84,299,334
|
|
|
|
|
116,363
|
|
84,415,697
|
Garrett ..................................
|
8,764,757
|
|
|
|
|
11,598
|
|
8,776,355
|
Harford ..................................
|
96,344,778
|
|
|
|
|
18,742
|
|
96,363,520
|
Howard ..................................
|
135,043,706
|
|
|
|
|
116,535
|
|
135,160,241
|
Kent.....................................
|
8,114,222
|
|
|
|
|
12,686
|
|
8,126,908
|
Montgomery ..............................
|
703,346,417
|
|
|
|
|
3,879,617
|
|
707,226,034
|
|
410,754,416
|
|
|
|
|
214,366
|
|
410,968,782
|
Queen Anne's .............................
|
17,505,576
|
|
|
|
|
24,424
|
|
17,530,000
|
St. Mary's ................................
|
30,927,995
|
|
|
|
|
27,339
|
|
30,955,334
|
|
6,188,818
|
|
|
|
|
872
|
|
6,189,690
|
Talbot ...................................
|
21,564,733
|
|
|
|
|
353,251
|
|
21,917,984
|
|
55,210,237
|
|
|
|
|
59,592
|
|
55,269,829
|
Wicomico.................................
|
33,530,304
|
|
|
|
|
83,477
|
|
33,613,781
|
Worcester ................................
|
15,336,362
|
|
|
|
|
19,443
|
|
15,355,805
|
Baltimore City ..............................
|
302,774,727
|
|
|
|
|
24,414,525
|
|
327,189,252
|
Unclassified ................................
|
10,874,847
|
$ 55,595,257
|
$ 284,391,929
|
(238,699,469
|
$ (5,523,384)
|
145,095
|
$ 3,675,484
|
537,858,697
|
Interest....................................
|
13,995,574
|
|
4,296,505
|
4,750,538
|
|
63,204
|
|
23,105,821
|
Deferred Revenue ...........................
|
|
|
(34,000,000)
|
|
|
|
|
(34,000,000)
|
Total..............................
|
$2,973,751,809
|
$ 55,595,257
|
$ 204,688,434
|
$243,450,007
|
($ 5,523,384)
|
$ 31,598,062
|
$ 3,675,484
|
$3,507,235,669
|
Allocation of Net Revenues:
General Fund Revenue ........................
|
11,895,300,094
|
$ 55,595,257
|
$ 204,688,434
|
1147,059,603
|
($ 5,523,384)
|
$ 21,170,835
|
$ 3,675,484
|
$2,321,966,323
|
Special Fund Attainment:
To Subdivisions ...........................
|
|
|
|
22,280,654
|
|
|
|
22,280,654
|
To Transportation Trust Fund...............
|
|
|
|
29,554,875
|
|
|
|
29,554,875
|
To Gas & Motor Vehicle Fund...............
|
|
|
|
29,554,875
|
|
|
|
29,554,875
|
To Transportation Revenue
Sharing Fund ...........................
|
|
|
|
15,000,000
|
|
|
|
15,000,000
|
Reserve for Subdivision ........................
|
1,078,451,715
|
|
|
|
|
10,427,227
|
|
1,088,878,942
|
Total ...............................
|
$2,973,751,809
|
f 55,595,257
|
* 204,688,434
|
$243,450,007
|
($ 5,523,384)
|
$ 31,598,062
|
$ 3,675,484
|
$3,507,235,669
|
(A) In addition, refunds totaling $ 31,286,577 that were applied to Individual 1986 & 1987 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 1988 Income Tax revenue.
( ) Denotes Red Figures
SCHEDULE A-8
|
|