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Session Laws, 1974
Volume 713, Page 2106   View pdf image
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2106                                         LAWS OF MARYLAND                      [Ch. 623

this article over those licensed under the provisions of
Sections 7 and 15 of this article, provided, however,

that under this section not more than one license with

pari-mutuel betting privilege shall be issued in any

county or in Baltimore City and that no such license

shall be issued hereafter in Carroll, Dorchester,

Frederick, Montgomery or Wicomico counties.

(b) Each licensee licensed under the provisions of

this section shall at its option be permitted to avail

itself of the pari-mutual betting privileges granted in

this section, retaining for its own use 13—1/2% of all

money wagered not in excess of $125,000 daily average and

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 3—1/2% 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 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 sub representing one tenth of one percentum 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 1/2%
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.

(b) On and after June 1, 1962, each thoroughbred
track licensee under this article shall allocate a sum
equal to .50% of the mutuel [[pool]] POOLS on all races
conducted by it during the year to the Maryland—Bred Race

18A.

 

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Session Laws, 1974
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