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-64-
STATE OF MARYLAND
Revenue Estimates and Collections
Fiscal Year Ended June 30, 1990
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GENER1L FOND
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SPECIAL FUNDS
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FEDERAL FUNDS
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Revenues '
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Collected
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Revenues
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Collected
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Revenues Collected
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SOURCE
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Estimated
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Fiscal Year End)
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sd June 30, 1990
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Estimated
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Fiscal Year Enc
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ted June 30, 1990
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Estimated
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fiscal Tear Ended Jane 30, 1990
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Budget
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Budget
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Budget
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Revenues 1990
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Excess or
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Revenues 1990
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Excess or
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Revenues 1990
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Excess or
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Fiscal Year (1)
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Amount
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Deficiency ()
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Fiscal Sear (1)
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Amount
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Deficiency ()
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Fiscal Year (1)
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Amount Deficiency ()
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PROPERTY TAXES:
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Property Taxes
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$160,626,979
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$164,498,535
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$3,871,556
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Property Transfer Taxes
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$35,598,000
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$30,938,070
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($4,659,930)
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39,000,000
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39,000,000
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FRANCHISE AND CORPORATION TAXES:
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Franchise fax on Federal, Domestic and Foreign
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Building, Savings and Loan Associations
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2,500,000
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2,544,721
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44,721
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Franchise Tax on Gross Receipts
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108,334,000
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112,391,380
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4,057,380
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Franchise Tax on Net Earnings of Savings Banks,
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Building, Savings and Loan Associations
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35,000
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36,771
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1,771
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9,555,000
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14,376,983
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4,821,983
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Organization and Capitalization Fees
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445,000
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481,356
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36,356
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Franchise Tax on Net Earnings of Financial
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Institutions
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46,960,000
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43,480,720
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(3,479,280)
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Recording Fees - Foreign
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255,000
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263,677
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8,677
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Recording Fees - Domestic
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2,000,000
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1,785,532
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(214,468)
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Foreign Corporation Filing Fees
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644,000
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717,935
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73,935
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Maryland Corporation Filing Fees
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1,600,500
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1,854,843
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254,343
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1,600,500
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1,854,843
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254,343
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Interest and Penalty
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75,000
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139,508
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64,508
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DEATH TAXES Collateral Inheritance Tax
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34,509,000
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32,927,061
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(1,581,939)
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Direct Inheritance Tax
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13,372,000
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11,987,866
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(1,384,134)
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Interest and Penalty on Inheritance Taxes
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16,500
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31,905
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15,405
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Tax on Commissions of Executors and Administrators
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3,781,000
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4,264,880
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483,880
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Maryland Estate Tax
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31,744,000
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35,469,666
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3,725,666
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Interest on Maryland Estate Tax
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750,000
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1,143,715
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393,715
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ALCOHOLIC BEVERAGE TAXES AND LICENSES:
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Tax on Liquor
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8,950,000
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8,751,670
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(198,330)
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4,450,000
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4,882,290
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432,290
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Tax on wine
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3,800,000
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4,015,888
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215,888
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Tax on Beer
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4,400,000
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3,871,450
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(528,550)
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4,300,000
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4,924,750
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624,750
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Alcoholic Beverage Licenses
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360,000
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324,067
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(35,933)
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Exhibit 1-2 Continued
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