WM. PRESTON LANE, JR., GOVERNOR. 2067

promptly pay all taxes collected under the provisions of this
section to the Comptroller, as provided in Section 15A of this
Article. Each licensee may deduct and retain for its own
account 9% of the first $500,000 of money, wagered on all
races conducted by it during each such year, 8% on all money
wagered over $500,000 and not over $1,000,000 on all such
races conducted by it during each such year and 6% on all
money wagered over and above the sum of $1,000,000 on all
races conducted by it during each year, and one-half (1/2)
of the breakage computed to the ten cents (10c). For the
purpose of enforcing the provisions of this section the Com-
mission shall have and exercise all of the power conferred
upon it by Sections 11 and 12 of this Article.

15A. All sums collected by the Racing Commission under
the provisions of this Article shall he paid over to the Comp-
troller, and shall be distributed, except where otherwise pro-
vided, as follows: (1) One-half of all tax revenues received
from persons, firms or associations licensed under Section 8 of
this Article shall be allocated and credited to the general funds
of the State and the remaining one-half shall be allocated
and paid to the counties, incorporated towns and Baltimore
City on the basis of population according to the latest avail-
able Federal census; (2) One-half of all tax revenues re-
ceived from persons, firms or associations licensed under Sec-
tion 14 of this Article shall be allocated and credited to the
general funds of the State, one-fourth of the said revenues
shall be allocated and paid to the counties, incorporated
towns and Baltimore City on the basis of population accord-
ing to the latest available Federal census and one-fourth shall
be allocated and credited to the Maryland State Fair Board
to be used for the promotion of State and County agricul-
tural fairs and exihibits. In determining the population of
each county for the purposes of this section, the population
of all incorporated towns in such county shall be excluded.

SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1947.

Approved April 25, 1947.

CHAPTER 857.
(House Bill 803)

AN ACT to authorize the Mayor and Common Council of the
Town of Fairmount Heights to borrow Seventy-five Thou-