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Session Laws, 1976
Volume 734, Page 1597   View pdf image
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MARVIN MANDEL, Governor                             1597

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] PROVIDED, HOWEVER,
THAT EACH SUCH LICENSEE SHALL DEDUCT AND RETAIN ONE HALF

OF THE BREAKAGE COMPUTED TO THE TEN CENTS (100) ON__THE

AMOUNT WAGERED ON RACES CONDUCTED AT A FACILITY OWNED BY

THE LICENSEE. ANY BREAKAGE RETAINED BY THE LICENSEE

SHALL BE USED FOR PHYSICAL IMPROVEMENTS (AS APPROVED BY

THE STATE RACING COMMISSION FOR THE YEAR 1976 AND

THEREAFTER) TO THE FACILITY OWNED BY THE LICENSEE. AT

LEAST ONE HALF OF THOSE IMPROVEMENTS SHALL BE FOR THOSE
AREAS COMMONLY REFERRED TO AS "BACKSTRETCH" AREAS WHICH
SHALL INCLUDE, FOR EXAMPLE, BUT NOT BE LIMITED TO,
GROOMS' QUARTERS, HORSE STALLS, PADDOCK FACILITIES AND
TRACK KITCHENS. 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 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 1/2% of the regular and multiple mutuel pool in
all races conducted by it during the year to the Maryland
Standardbred Race Fund as provided by § 17A of this
article.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1976.

Approved May 17, 1976.

CHAPTER 600
(Senate Bill 666)
AN ACT concerning
Creation of a State Debt - Maryland Institute , College

 

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Session Laws, 1976
Volume 734, Page 1597   View pdf image
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