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STATE OF MARYLAND
Revenues from Various Franchise Taxes and Fees For the Fiscal Year Ended June 30, 1988
COLLECTED BY STATE DEPARTMENT OF ASSESSMENTS AND TAXATION
AND COMPTROLLER OF THE TREASURY-OFFICE OF THE COMPTROLLER
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Gross Revenues .............
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$163,819,295
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Less Refunds .............
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:::::::::::::::::::::
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1.334,974
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Net Revenues ..............
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$162,484,321
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Tax on Shares
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Ordinary
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Franchise
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of
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Business
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Tax
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Organization
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Corporations
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Net
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Foreign
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Gross
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on Net
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and
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and Domestic
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Earnings
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Interest
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Corporation
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Receipts
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Earnings
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and Loan
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Capitalization
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Corporation
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Financial
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and
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Filling
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Recording
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Recordation
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Transfer
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Public
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of Savings
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Source of Net Revenues
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Associations
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Fee
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Filling Fees
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Institutions
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Penalty
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Fee
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Fees
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Tax
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Tax
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Utilities
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Banks, etc.
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Others
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Total
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County
Allegany ..................................
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$ 29,590
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$ 29,590
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Anne Arundel .............................
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286,054
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Baltimore .................................
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562,952
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562,952
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Calvert ...................................
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21,770
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21,770
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Caroline ..................................
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9,620
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9,620
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Carroll ...................................
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69,194
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69,194
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Cecil .....................................
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27,560
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27,560
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Charles ...................................
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43,420
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43.420
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Dorchester ................................
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16,690
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16,690
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Frederick .................................
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74,664
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......
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74.664
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Garrett ...................................
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12,220
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12,220
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Harford. ..................................
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82,010
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82,010
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Howard ...................................
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136,370
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136,370
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Kent .....................................
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12,160
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12,160
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Montgomery ...............................
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658,146
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658,146
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Prince George's ............................
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355,576
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355,576
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Queen Anne's .............................
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19,070
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St. Mary's ................................
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26,700
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Somerset..................................
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5,890
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5,890
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Talbot ....................................
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29,100
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29,100
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Washington ...............................
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57,420
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57,420
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Wicomico .................................
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52,680
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52,680
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Worcester .................................
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53,620
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53,620
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Baltimore City ..............................
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633,090
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633,090
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Unallocated Funds-Maryland ..................
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$2.367,221(A)
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$490,945
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$34,071,331
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$693,315(6)
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$1.866,203
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$732,536
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$1,944,419
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$82,847,235(0
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$ 1,483,542
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$401,339
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$126,898,086
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Unallocated Funds-Out of State ................
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6,619,370
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182,298
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$612,245
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229,122
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12,873,981
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11,593,653
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32,310,669
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Total Net Revenues ..........................
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$2,367,221
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$490,945
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$3.275,566
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$40,890,701
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$875,613
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$612,245
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$2,095,325
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$732,536
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$1,944,419
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$95,721,216
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$13,077,195
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$401,339
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$162,484,321
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Allocation of Net Revenues
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General Fund .............................
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(2,367,221
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$490,945
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$1,637,783(D)
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$40,890,701
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$875,613
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$612,245
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$1,963,735
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$ 3,906
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$ 598,902
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$95,721,216
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$ 27,420
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$401,339
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$145,591,026
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Special Fund Attainment:
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To Subdivisions ..........................
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1,637,783
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13,049,775(E]
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14,687,558
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To Maryland Agricultural
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Preservation Fund ......................
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112,981
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112.981
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Total Special Fund
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Attainment ..............................
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1,637,783
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112,981
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13,049,775
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14,800,539
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Non-Budgeted Fund Revenues:
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Reserve .................................
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728,63(F)
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1,232,536(G)
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1,961,166
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To Clerk of Courts ........................
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101,514
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101,514
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To Local Newspaper ......................
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30,076
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30,076
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Total Non-Budgeted Fund Revenues ..........
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131,590
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728,630
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1,232,536
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2,092,756
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Total Allocation of Net Revenues ..............
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$2,367,221
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$490,945
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$3,275,566
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$40,890,701
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$875,613
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$612,245
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$2,095,325
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$732,536
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$1,944,419
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$95,721,216
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$13,077,195
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$401,339
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$162,484,321
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(A) Collected by the Comptroller of the Treasury-Office of the Comptroller
(B) Comptroller of the Treasury-Office of the Comptroller collected $16,589
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SCHEDULE A-l
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(O Comptroller of the Treasury-Office of the Comptroller collected $52,795,093
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(D) Share of Annual Filing Fees of Maryland Corporations in the amount of $1,072,061 will be distributed to the Subdivisions and the incorporated towns in the 1989 Fiscal Year.
(E) Share of Franchise Tax on Net Earnings of Savings Banks and Buildings, Savings and Loan Associations will be distributed to the Subdivisions in the 1989 Fiscal Year.
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(F) Recordation Tax will be distributed to the subdivisions in the 1989 Fiscal Year.
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(G) Local Transfer Tax in the amount of $106,212 will be distributed to the subdivision in the 1989 Fiscal Year.
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