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Session Laws, 1974
Volume 713, Page 2105   View pdf image
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MARVIN MANDEL, Governor                             2105

(a) In addition to all fees, premiums, taxes or
other payments required by law, each licensee under the
provision 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
1969 and during each calendar year thereafter, an annual
tax at the rate of 5.50% on all money wagered on all such
races conducted by it during each such year. Each such
licensee shall [[pay]] ALLOCATE one half (1/2) 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]] FOR PURSE MONEY. TEN PERCENT OF THE ONE-HALF
OF THE BREAKAGE FOR PURSE MONEY SHALL BE ALLOCATED TO THE
MARYLAND-BRED RACE FUND AS PROVIDED BY SECTION 18A OF THE
ARTICLE. The Commission shall promptly pay all taxes

collected under the provisions of this section to the

Comptroller, as provided in Section 19 of this article.
Each licensee may deduct and retain for its own account
10-1/2% of all money wagered IN ALL REGULAR MUTUEL POOLS
on all races conducted by it during each year and one
half (1/2) of the breakage computed to the ten cents

(10¢) ON ALL REGULAR MUTUEL POOLS., EACH LICENSEE MAY

DEDUCT AND RETAIN FOR ITS OWN ACCOUNT 11-1/2% OF ALL

MONEY WAGERED IN ALL MULTIPLE MUTUEL POOLS ON ALL RICES

CONDUCTED BY IT DURING EACH YEAR AND ONE-HALF (1/2) OF
THE BREAKAGE COMPUTED TO THE TEN CENTS (10*) ON ALL
MULTIPLE MUTUEL POOLS. REGULAR MUTUEL POOL MEANS A
SEPARATE WAGERING POOL IN WHICH AN INTEREST IS
REPRESENTED BY A SINGLE TICKET EVIDENCING A SINGLE WAGER

ON ONE HORSE. MULTIPLE MUTUEL POOL MEANS A SEPARATE

WAGERING POOL IN WHICH AN INTEREST IS REPRESENTED BY A

SINGLE WAGER ON TWO OR MORE HORSES. For the purpose of

enforcing the provisions of this section, the Commission

shall have and exercise all of the power conferred upon
it by Sections 11 and 13 of this article.

17.

(a) Id addition to the licensing of racing as

hereinbefore provided, the Commission is authorized in
its discretion to issue licenses for the holding of

trotting and pacing meetings at which there may be

offered stakes, purses or awards, and at which there may

be exercised pari—mutuel betting privileges, to

[[ Baltimore Trotting Races, Inc.,]] the Rosecroft
Trotting and Pacing Association, Inc.. Laurel Harness

Racing Association, Inc., and Ocean Downs Racing

Association, Inc., and the Commission shall have

supervisory powers over such meetings and those licensed

in the same manner and to the same extent, where not

inappropriate, as it has by virtue of the provisions of

 

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Session Laws, 1974
Volume 713, Page 2105   View pdf image
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