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-64-
STATE OF MARYLAND
Revenue Estimates and Collections
For the Fiscal Year Ended June 30,1991
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GENERAL FUND
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SPECIAL FUND
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FEDERAL FUND
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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 OF REVENUES
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Estimated
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Fiscal Year En
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ded June 30,1991
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Estimated •
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Fiscal Year En
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ded June 30,1991
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Estimated Fiscal Year Ended June 30,1991
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Budget
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Budget
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Budget —————————————————————
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Revenues 1991
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Excess or
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Revenues 1991
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Excess or
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Revenues 1991 Excess or
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Fiscal Year (1)
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Amount
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Deficiency ()
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Fiscal Year (1)
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1 Amount
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Deficiency ()
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Fiscal Year (1) Amount Deficiency ()
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PROPERTY TAXES:
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Property Taxes
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$174,277,469
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$177,796,072
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$3,518,603
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Property Transfer Taxes
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$9,688,000
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$14,711,627
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$5,023,627
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40,700,000
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40,700,000
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1
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FRANCHISE AND CORPORATION TAXES:
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Franchise Tax on Federal, Domestic and Foreign
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Building, Savings and Loan Associations
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2,558,900
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2,541,017
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(17,883)
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Franchise Tax on Gross Receipts
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118,036,000
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113,445,394
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(4,590,606)
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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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92,000
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(92,000)
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9,158,000
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18,451,590
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9,293,590
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Organization and Capitalization Fees
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460 ,000
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436,008
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(23,992)
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Franchise Tax on Net Earnings of Financial
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Institutions
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30,160,000
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36,121,108
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5,961,108
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Recording Fees - Foreign
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235,000
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259,871
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24,871
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Recording Fees - Domestic
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1,860,000
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1,616,748
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(243,252)
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Foreign Corporation Filing Fees
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653,000
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693,660
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40,660
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Maryland Corporation Filing Fees
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1,811,500
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1,679,998
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(131,502)
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1,811,500
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1,679,998
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(131,502)
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Interest and Penalty
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129,000
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156,733
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27,733
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DEATH TAXES:
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Collateral Inheritance Tax
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34,474,000
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34,117,357
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(356,643)
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Direct Inheritance Tax
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13,225,000
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13,774,917
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549,917
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•
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*
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Interest and Penalty on Inheritance Taxes
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23,000
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28,622
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5,622
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a
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Tax on Commissions of Executors and Administrators
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800,000
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1,329,043
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529,043
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t
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Maryland Estate Tax
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28,866,000
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24,890,020
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(3,975,980)
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Interest on Maryland Estate Tax
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643,000
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1,393,267
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750,267
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ALCOHOLIC BEVERAGE TAXES AND LICENSES:
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Tax on Liquor
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8,800,000
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8,303,329
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(496,671)
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4,400,000
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4,657,437
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257,437
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Tax on Wine
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3,700,000
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4,054,268
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354,268
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Tax on Beer
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4,825,000
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4,519,958
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(305,042)
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4,275,000
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4,773,242
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498,242
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Alcoholic Beverage Licenses
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350,000
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326,132
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(23,868)
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MOTOR VEHICLE FUEL TAXES AND LICENSES
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9,679,000
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9,764,715
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. 85,715
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435,321,000
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438,850,634
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3,529,634
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Exhibit A-2 Continued
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