1696                             Laws of Maryland                      [Ch. 771

provide the amount licensees must pay to the Maryland Standard-
bred Race Fund, to establish the Maryland Standardbred Race
Fund and the Maryland Standardbred Race Fund Advisory Com-
mittee, and to provide for the use of the Fund and the powers and
duties of the Advisory Committee, and generally dealing with
trotting and pacing races in Maryland.

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 and 1970 Supplement), title "Racing
Commission," subtitle "In General," be and it is hereby repealed and
re-enacted, with amendments, and to add new Section 17A to the
same title and subtitle, to follow immediately after Section 17 thereof,
and to read as follows:

17.

(b) 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
[13%] 13½% of all money wagered not in excess of $125,000 daily
average and [9½%] 10% 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 Commission for the use of the State within five
days after the close of the meeting held during the year 1958, and
each calendar year thereafter, 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 sea-
son, 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 license fee of twenty-five dollars ($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 forty-two (42) days of racing. The Commission shall
promptly pay all taxes collected under the provisions of this section
to the Comptroller. Each licensee licensed under the provisions of
this section shall, in addition to the other taxes and fees imposed
under the provisions of this article, pay annually to the Maryland
State Fair Board a sum representing one-tenth of one per centum of
all money wagered in excess of two million dollars ($2,000,000)
with a maximum of three thousand five hundred dollars ($3,500.00)
from each licensee. In addition each licensee shall allocate a sum
equal to ½% of the mutuel pool in all races conducted by it during
the year to the Maryland Standardbred Race Fund as provided by
Section 17A of this Article.

17A.

(a) The Maryland Standardbred Race Fund is created. The fund
shall be administered by the Commission with the assistance and
advice of the Committee hereinafter created, and all payments from
the fund shall be made by order of the Commission.