1540                               LAWS OF MARYLAND                        [CH. 696

SECTION 1. Be it enacted by the General Assembly of Maryland,
That Section 16(a) SECTIONS 16(A) AND 16(B) of Article 78B
of the Annotated Code of Maryland (1965 Replacement Volume),
title "Racing Commission," subtitle "In General," be and it is hereby
repealed and re-enacted, with amendments, to read as follows:

16.

(a) In addition to all fees, premiums, taxes or other payments
required by law, each licensee under the provisions of Section 15
shall pay to the Racing Commission for the use of the State, within
five days after the close of the last meeting held during the year
1962 1969 and during each calendar year thereafter, an annual tax at
the rate of 1% on all money wagered not exceeding $1,500,000 on all
such races conducted by it during each such year and 6% on all
money wagered in excess of $1,500,000 on all such races conducted
by it during each such year and with the exception of the Agricul-
tural and Mechanical Association of Washington County, WHICH
SHALL PAY TO THE RACING COMMISSION FOR THE USE
OF THE STATE, WITHIN FIVE DAYS AFTER THE CLOSE
OF THE LAST MEETING HELD DURING THE YEAR 1969 AND
DURING EACH CALENDAR YEAR THEREAFTER, AN AN-
NUAL TAX AT A RATE OF 1% ON ALL MONEY WAGERED
NOT EXCEEDING $2,500,000 ON ALL SUCH RACES CON-
DUCTED BY IT DURING EACH SUCH YEAR AND 6% ON ALL
MONEY WAGERED IN EXCESS OF $2,500,000 ON ALL SUCH
RACES CONDUCTED BY IT DURING EACH SUCH YEAR, each
EACH such licensee shall pay one-half (½) of the breakage computed
to ten cents (10¢) to the Racing Commission for the use of the State,
the payment of said tax shall be accompanied by a statement of the
licensee, or his duly authorized agent, under oath, showing the
amount of money wagered each day during the preceding meetings.
The Commission shall promptly pay all taxes collected under the pro-
visions of this section to the Comptroller, as provided in Section 19
of this article. Each licensee, except the Agricultural and Mechanical
Association of Washington County, may deduct and retain for its
own account 12% 13% of all money wagered on all races conducted by
it during each year not exceeding $1,500,000 and 7% 8% on all money
wagered in excess of $1,500,000 on all races conducted by it during
each year, and one-half (½) of the breakage computed to the ten
cents (10¢). The Agricultural and Mechanical Association of Wash-
ington County may deduct and retain for its own account 12% 13% of
all money wagered on all races conducted by it during each year not
exceeding $2,500,000 and 7% 8% on all money wagered in excess of
$2,500,000 on all races conducted by it during each year, and all of
ONE-HALF OF ALL the breakage computed to the ten cents (10¢).
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