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Annual Report of the Comptroller, 1987
Volume 351, Supplement 47   View pdf image (33K)
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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

 

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Annual Report of the Comptroller, 1987
Volume 351, Supplement 47   View pdf image (33K)
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