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2940 LAWS OF MARYLAND Ch. 728
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 1% of all money wagered 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 provided, however, that each such
licensee shall deduct and retain one half, of the breakage
computed to the ten cents (10˘) 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)] NOT MORE THAN 67 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.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1977.
Approved May 26, 1977.
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CHAPTER 729
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