BLAIR LEE III, Acting Governor

2293

Track Employees Pension Fund to be administered by
representatives of the licensee and the employees.

(G) FOR CALENDAR YEAR 1978 AND ALL SUBSEQUENT
CALENDAR YEARS, THE THOROUGHBRED RACING BOARD MAY AUTHORIZE
ANY LICENSEE UNDER SECTION 7 OF THIS ARTICLE TO RUN ON ANY
DAY NOT LESS THAT THAN 8 RACES INVOLVING MULTIPLE BETTING
FOR TWO HORSES OR MORE THAN 1 RACE INVOLVING MULTIPLE
BETTING ON THREE OR MORE HORSES.

14.

(a) In addition to the license fee and other taxes
imposed by law, every person, firm, association or
corporation licensed under § 7 of this article to conduct
mile thoroughbred racing, shall pay to the Maryland Racing
Commission for the use of the State of Maryland, within
three days after each day of racing, a tax at the rate of
[five and thirty-four one hundredths percent (5.34%) ] 4 5.34
PERCENT on the total amount of money wagered on all races
that day. The payment of the tax shall be accompanied by a
statement of the licensee, or his duly authorized agent,
under oath, showing the amount of money wagered that day.
The Commission shall promptly pay all taxes collected under
the provisions of this section to the Comptroller.

16.

(a) In addition to all fees, premiums, taxes or other
payments required by law, each licensee under the provision
of § 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%] 4 5.50
PERCENT on all money wagered on all such races conducted by
it during each such year. Each such licensee shall allocate
one half (1/2) of the breakage computed to ten cents (10¢)
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 § 18A of the article.
The Commission shall promptly pay all taxes collected under
the provisions of this section to the Comptroller, as
provided in § 19 of this article. Each licensee may deduct
and retain for its own account [10 1/2%] 12- 10.50 PERCENT 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 (102) on all regular
mutuel pools. Each licensee may deduct and retain for its
own account [11 1/2%] 15 PERCENT of all money wagered in all

multiple mutuel pools on all races conducted by it during

each year THE FOLLOWING AMOUNTS ON ALL RACES CONDUCTED BY IT
DURING EACH YEAR: FOR CALENDAR YEAR 1978 ONLY, 13.50 PERCENT
OF ALL MONEY WAGERED IN MULTIPLE MUTUEL POOLS INVOLVING TWO

HORSES, AND 17.50 PERCENT OF ALL MONEY WAGERED IN MULTIPLE

MUTUEL POOLS INVOLVING THREE OR MORE HORSES; FOR CALENDAR

YEAR 1979 ONLY, 13.50 PERCENT OF ALL MONEY WAGERED IN

MULTIPLE MUTUEL POOLS INVOLVING TWO HORSES, AND 18.50

PERCENT OF ALL MONEY WAGERED IN MULTIPLE MUTUEL POOLS