MARVIN MANDEL, Governor

2603

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 17(b) of Article 78B - Racing
Commission, of the Annotated Code of Maryland (1969
Replacement Volume and 1974 Supplement) be and it is
hereby repealed and re—enacted, with amendments, to read
as follows:

Article 78B — Racing Commission

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 1/2% OF THE
REGULAR MUTUEL POOL AND 14 1/2% OF THE MULTIPLE MUTUEL
POOL, IF ANY, of all money wagered not in excess of
$125,000 daily average and 10% OF THE REGULAR MUTUEL POOL
AND 11% OF THE MULTIPLE MUTUEL POOL, IF ANY, 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, 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. 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 each 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 percentum of all money
wagered in excess of two million dollars ($2,000,000)
with a maximum of three thousand five hundred dollars