32

STATE OF MARYLAND

Revenue Estimates and Collections
Fiscal Year Ended June 30, 1989

		GENERAL FUND
		Revenues	Collected
SOURCE	Estimated	Fiscal Year End	ed June 30, 1989
	Budget
	Revenues 1989		Excess or
	Fiscal Year (1)	Amount	Deficiency ( )
PROPERTY TAXES:
Property Taxes ..............................................
Property Transfer Taxes ......................................	$ 32,069,000	$ 39,776,070	$ 7,707,070
FRANCHISE AND CORPORATION TAXES:
Franchise Tax on Federal, Domestic and Foreign
Building, Savings and Loan Associations ........................	2,758,450	2,522,036	(236,414)
Franchise Tax on Gross Receipts ...............................	98,270,000	109,588,722	11,318,722
Franchise Tax on Net Earnings of Savings Banks,
Building, Savings and Loan Associations .......................	91,000	31,495	(59,505)
Organization and Capitalization Fees ............................	520,000	439,639	(80,361)
Franchise Tax on Net Earnings of Financial
Institutions ................................................	40,700,000	44,302,624	3,602,624
Recording Fees - Foreign .....................................	240,000	252,989	12,989
Recording Fees - Domestic ....................................	1,875,000	1,969,909	94,909
Foreign Corporation Filing Fees ...............................	643,000	604,591	(38,409)
Maryland Corporation Filing Fees ..............................	1,695,000	1,514,260	(180,740)
Interest and Penalty ..........................................	50,000	103,936	53,936
DEATH TAXES:
Collateral Inheritance Tax .....................................	30,888,000	30,720,406	(167,594)
Direct Inheritance Tax ........................................	12,668,000	11,285,512	(1,382,488)
Interest and Penalty on Inheritance Taxes .......................	20,000	16,454	(3,546)
Tax on Commissions of Executors and Administrators .............	4,089,000	4,290,000	201,000
Maryland Estate Tax .........................................	21,084,000	17,464,448	(3,619,552)
Interest on Maryland Estate Tax ...............................	500,000	687,749	187,749
ALCOHOLIC BEVERAGE TAXES AND LICENSES:
Tax on Liquor ...............................................	9,000,000	8,908,605	(91,395)
Tax on Wine ................................................	4,000,000	4,144,716	144,716
Tax on Beer .................................................	4,900,000	4,149,306	(750,694)
Alcoholic Beverage Licenses ...................................	360,000	360,928	928
ADMISSIONS TAX ............................................
MOTOR VEHICLE FUEL TAXES AND LICENSES . ..............	9,981,000	9,966,665	(14,335)
INCOME TAXES:
Corporation Income Taxes .....................................	143,470,000	144,801,617	1,331,617
Individual Income Taxes ......................................	2,619,823,000	2,654,858,911	35,035,911
SALES AND USE TAX AND LICENSES ........................	1,516,561,000	1,507,141,537	(9,419,463)
STATE TOBACCO TAX AND LICENSES ........................	50,150,000	49,342,490	(807,510)
MOTOR VEHICLE TAX AND LICENSES:
Motor Vehicle Titling Tax .....................................
Motor Vehicle Registration ....................................	1,300,000	1,273,331	(26,669)
INSURANCE COMPANY TAXES, LICENSES AND FEES ........	138,600,000	135,264,935	(3,335,065)
HORSE RACE TAXES AND LICENSES. . .......................	3,632,000	1,956,898	(1,675,102)
DISTRICT COURT FEES AND COSTS ..........................	53,000,000	52,419,033	(580,967)
INTEREST ON INVESTMENTS ................................	70,000,000	82,425,459	12,425,459
HOSPITAL PATIENT RECOVERIES:
Mental Hospitals - Sponsors ...................................	11,300,000	8,825,487	(2,474,513)