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Annual Report of the Comptroller, 1988
Volume 352, Supplement 49   View pdf image (33K)
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49

STATE OF MARYLAND

Revenue from Income Tax
For the Fiscal Year Ended June 30, 1988

 

   

Employers

 

Corporation

     
 

Individual

Declarations

Withholding

Corporation

Declarations

Fiduciary

Undistributed

Total

   

Unallocated

Unallocated

 

Unallocated

     

Gross Revenues

13,871,712,759

$(22,241,345)

$ 255,659,801

$327,282,056

$(17,191,014)

$17,706,837

$ 163,539

$4,433,092,633

 

515,515,309

1,555,280

3,932,507

50,011,245

1,726,861

1,417,433

125,776

574,284,411

Plus— Deferred Revenue (B) ..................

   

20,000,000

       

20,000,000

 

$3,356,197,450

$ (23,796,625)

$ 271,727,294

$277,270,811

$(18,917,875)

$16,289,404

$ 37,763

$3,878,808,222

Net Revenues by Taxable Years:

               

1988 ......................................

$ 120

$182,900653

$1,595,898,503

$ 17,896

$ 61,963,612

 

$9,295,517

$1,850,076,301

1987 ......................................

2,995,968,056

(62,659042)

(1,167,801,117)

191,101,656

(26,353,975)

$ 8,435,259

(2,455,758)

1,936,235,079

1986 ......................................

298,193,917

(141,947291)

(146,402,176)

83,123,891

(52,991,153)

7,682,877

(5,821,694)

41,838,371

1985 ......................................

31,372,626

(1,691 012)

(22,264,427)

(502,820)

(1,434,650)

175,534

(654,721)

5,000,530

1984 ......................................

16,241,902

(399 933)

(7,849,965)

(2,548,176)

(91,937)

26,973

(109,196)

5,269,668

1983 ......................................

4,074,517

 

(10,141)

(1,495,174)

(7,632)

(8,894)

(57,173)

2,495,503

1982 ......................................

3,776,524

. . ...

(1,698)

(341,156)

(700)

(21,562)

(31,713)

3,379,695

1981 ......................................

2,322,978

 

(3,226)

1,083,356

(1,440)

(956)

(29,254)

3,371,458

1980 ......................................

1,703,150

. . ...

(3,295)

6,831,338

 

173

(45,042)

8,486,324

1979 ......................................

883,487

 

(2,599)

     

(12,013)

868,875

1978 ......................................

643,111

 

167,435

     

(10,419)

800,127

1977 ......................................

421,819

         

(18,270)

403,549

1976 ......................................

302,922

         

(5,312)

297,610

1975 ......................................

103,024

         

(1,390)

101,634

1974 ......................................

62,999

         

(4,429)

58,570

1973 ......................................

31,122

 

• • -r

     

(795)

30,327

1972 ......................................

36,144

           

36,144

1971 ......................................

24,083

           

24,083

1970 ......................................

20,465

         

(305)

20,160

1969 ......................................

5,970

         

(181)

5,789

1968 ......................................

1,271

         

(89)

1,182

1967 ......................................

1,181

           

1,181

1966 ......................................

6,062

           

6,062

Deferred Revenue ............................

   

20,000,000

       

20,000,000

Total..............................

$3,356,197,450

$(23,796,625)

$ 271,727,294

$277,270,811

$(18,917,875)

$16,289,404

$ 37,763

$3,878,808,222

Source of Net Revenues:

               

Counties:

               

Allegany .................................

$ 32.038,333

       

$ 78,812

 

$ 32,117,145

 

313,951,936

       

242,051

 

314,193,987

 

573,669,895

       

1,582,229

 

575,252,124

Calvert ..................................

26,754,431

       

6,606

......

26,761,037

Caroline ..................................

10,260,190

       

3,845

 

10,264,035

Can-oll ...................................

80,330,891

       

85,247

 

80,416,138

Cecil .....................................

29,853,206

       

15,202

 

29,868,408

Charles ..................................

57,978,404

       

14,533

......

57,992,937

Dorchester ...............................

13,359,755

       

2,622

 

13,362,377

Frederick ................................

94,499,429

       

123,380

 

94,622,809

Garrett ..................................

9,575,202

       

10,469

 

9,585,671

Harford ..................................

110,752,649

......

     

123,120

 

110,875,769

Howard ..................................

160,529,572

   

......

 

65,408

 

160,594,980

Kent.....................................

8,888,484

       

62,753

 

8,951,237

 

813,004,274

       

2,765,875

 

815,770,149

 

464,303,683

       

240,300

 

464,543,983

 

19,866,495

       

199,982

......

20,066,477

St. Mary's ................................

34,686,850

       

38,732

 

34,725,582

Somerset .................................

6,573,462

     

......

341

 

6,573,803

Talbot ...................................

25,029,457

       

237,310

 

25,266,767

Washington...............................

60,546,245

       

38,601

 

60,584,846

Wicomieo.................................

37,748,357

 

. ...

   

77,681

 

37,826,038

Worcester ................................

16,944,904

     

......

147,967

 

17,092,871

Baltimore City ..............................

321,804,208

       

9,870,216

 

331,674,424

Unclassified ................................

14,930,831

$ (23,796,625)

$ 246,506727

$268,463,246

$(18,917,875)

227,472

$ 37,763

487,451,539

Interest....................................

18,316,307

 

5,220 567

8,807,565

......

28,650

 

32,373,089

     

20,000000

 

......

   

20,000,000

Total ..............................

$3,356,197,450

$(23,796,625)

$ 271,727,294

$277,270,811

$(18,917,875)

$16,289,404

$ 37,763

$3,878,808,222

Allocation of Net Revenues:

               

General Fund Revenue ........................

$2,167,762,951

$ (23,796,625)

$ 271,727,294

$158,675,020

$(18,917,875)

$10,913,900

$ 37,763

$2,566,402,428

Special Fund Attainment:

               

To Subdivisions ...........................

5,177

         

......

5,177

To Transportation Trust Fund...............

     

23,264,429

......

   

23,264,429

To Gas & Motor Vehicle Fund. ..............

     

32,665,681

......

   

32,665,681

To Transportation Revenue

               

Sharing Fund ...........................

 

......

.....

32,665,681

     

32,665,681

To Transportation Trust Fund

               

Special Distribution ......................

 

......

 

30,000,000

     

30,000,000

 

1,188,429,322

       

5,375,504

 

1,193,804,826

Total ...............................

$3,356,197,450

$C23,796,625)

$ 271,727,294

$277,270,811

$(18,917,875)

$16,289,404

$ 37,763

$3,878,808,222

( ) Denotes Red Figure

SCHEDULE A-7

 

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Annual Report of the Comptroller, 1988
Volume 352, Supplement 49   View pdf image (33K)
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