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Session Laws, 1970
Volume 695, Page 1140   View pdf image
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1140                               Laws of Maryland                         Ch. 524

violator to the penalty provisions of subsection (k) hereof, and
compliance may be enforced by injunction as provided in this sub-
title.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1970.

Approved April 28, 1970

CHAPTER 524
(House Bill 211)

AN ACT to repeal and re-enact, with amendments, Section 17(b) of
Article 78B of the Annotated Code of Maryland (1969 Replace-
ment Volume), title "Racing Commission," subtitle "In General,"
and to add new Subsection 17(b) (1) to the same Article, title and
subtitle, to follow immediately after Section 17(b) thereof, to pro-
vide for amounts retained by licensees of money wagered, an in-
crease in the minimum number of racing days granted to each
licensee, and to provide for expenditures for increased purses and
physical improvements to racing facilities.

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 (1969 Replacement Volume), title "Racing Commission," sub-
title "In General," be and it is hereby repealed and re-enacted, with
amendments, and that new Subsection 17 (b) (1) be and it is hereby
added to the same Article, title and subtitle, to follow immediately
after Section 17(b) thereof, all 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 [12½%] 13% of all money
wagered not in excess of $125,000 daily average and [9%] 9½% of
all money wagered in excess of $125,000 daily average on all races
conducted by it during the year, and shall pay to the Racing Com-
mission for the use of the State within five days after the close of the
meeting held during the year 1958, and each calendar year there-
after, an annual tax at the rate of 3½% of all money wagered not in
excess of $125,000 daily average, and 7% of all money wagered in
excess of $125,000 daily average on all races conducted by it during
the year. Each such licensee having a total wager in excess of
$166,666.67 daily average 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 (10¢) on the entire amount
thereof; and each such licensee shall similarly pay a licensee fee of
twenty-five ($25.00) for each day that races are held, provided that
the Racing Commission shall authorize Baltimore Trotting Races,
Inc., to conduct twenty-four (24) days of racing and shall authorize
each other licensee under this section to conduct not less than [thirty-

 

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Session Laws, 1970
Volume 695, Page 1140   View pdf image
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