Marvin Mandel, Governor                        1601

CHAPTER 537
(Senate Bill 38)

AN ACT to repeal and re-enact, with amendments, Section 14 of Arti-
cle 78B of the Annotated Code of Maryland (1965 1969 Replace-
ment Volume), title "Racing Commission," subtitle "In General,"
providing for payment of the tax on wagers on mile thoroughbred
races and the State's share of the breakage within three days
after each day of racing, providing for accompanying statements
showing the amount of money wagered and the breakage for that
day and clarifying the language of that section.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 14 of Article 78B of the Annotated Code of Maryland
(1965 1969 Replacement Volume), title "Racing Commission," subtitle
"In General," be and it is hereby repealed and re-enacted, with
amendments, to read as follows:

14.

(a)    In addition to the license fee and other taxes imposed by
law, every person, firm, association or corporation licensed [to hold
racing meetings in the State of Maryland, except bona fide county
fairs or agricultural exhibits,] under Section 7 of this article to
conduct mile thoroughbred racing, shall pay to the Maryland Racing
Commission for the use of the State of Maryland, within [five days
after the close of each meeting] three days after each day of racing,
a tax at the rate of five per cent (5%) FIVE AND THIRTY-FOUR
ONE HUNDREDTHS PER CENT (5.34%) on the total amount of
money wagered on all races [during each and every meeting] that
day. The payment of [said] the tax shall be accompanied by a state-
ment of the licensee, or his duly authorized agent, under oath, showing
the amount of money wagered [each] that day [during the meeting
to which such report is applicable]. The Commission shall promptly
pay all taxes collected under the provisions of this section to the
Comptroller.

(b)    In addition to the license fee, the tax on wagers and other
taxes imposed by law, every person, firm, association or corporation
licensed under Sec. 7 of this article shall, within [five days after
the close of the meeting] three days after each day of racing, pay
to the Maryland Racing Commission for the use of the State, one-
half of the breakage computed to the ten cents (10¢). The payment
of [said] the breakage shall be accompanied by a statement of the
licensee, or his duly authorized agent, under oath, showing the total
amount of breakage received [at said meeting] that day. The Com-
mission shall promptly pay the one-half of the breakage received by
it under the provisions of this section to the Comptroller, as provided
in Sec. 19 of this article.

(c)    Every person, firm, association or corporation licensed to
hold racing meetings in the State of Maryland under the provisions
of Sec. 7 of this article, shall in addition to the other taxes and fees
imposed under the provisions of said article, pay annually to the
Maryland State Fair Board the sum of twelve thousand dollars
($12,000.00), and to the Maryland Horse Breeders' Association the
sum of three thousand dollars ($3,000.00).