300                               LAWS OF MARYLAND                         [CH. 92

CHAPTER 92
(House Bill 126)

AN ACT to repeal and re-enact, with amendments, Section 17 (b)
of Article 78B of the Annotated Code of Maryland (1957 Edition),
title "Racing Commission", sub-title "In General", providing that

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AND
RELATING GENERALLY TO TROTTING AND PACING
RACE MEETINGS IN THIS STATE.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That Section 17 (b) of Article 78B of the Annotated Code of Mary-
land (1957 Edition), title "Racing Commission", sub-title "In Gen-
eral", be and it is hereby repealed and re-enacted, with amendments,
to read as follows:

17.

(b) Tax on wagers; payment to State Fair Board.—Each licensee
licensed under the provisions of this section shall at its option be
permitted to avail itself of the pari-mutuel betting privileges granted
in this section, retaining for its own use 11 1/2% of all money wagered
not in excess of $3,000,000 AND

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EACH SUCH LICENSEE HAVING A TOTAL
WAGER IN EXCESS OF $5,000,000 $4,000,000 DURING THE
RACING SEASON IN ANY ONE YEAR SIMILARLY SHALL
PAY TO THE RACING COMMISSION FOR THE USE OF THE
STATE, BREAKAGE COMPUTED TO TEN CENTS (10c) ON
THE ENTIRE AMOUNT THEREOF; AND EACH SUCH

EXPLANATION: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.