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1412
LAWS OF MARYLAND
Ch. 508
FOR the purpose of altering the distribution of percentages
of certain mutuel pools under the authority of the
Maryland Racing Commission; and providing that certain
percentages retained by the licensees from certain
pools be allocated to the Maryland Standardbred Race
Fund and for purses, the cost of certain track
maintenance, improvements, and other expenses; and
correcting allocations to the Standardbred Fund.
BY repealing and reenacting, with amendments,
Article 78B — Racing Commission
Section 17(b) and 17A(b)
Annotated Code of Maryland
(1975 Replacement Volume and 1978 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:
Article 78B — Racing Commission
17.
(b) (1) 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, 15.5 percent of the two horse multiple mutuel
pool, if any, and 21 1/2 percent of the three or more horse
multiple mutuel pool, if any, of all money wagered not in
excess of $125,000 daily average and [1015] 10.5 11 PERCENT
of the regular mutuel pool and [12] 12.5 13 percent of the
two horse multiple mutuel pool, if any, and [18] 18.5 19
percent of the three or more horse 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. Each
licensee shall pay to the harness racing board for the use
of the State an annual tax at the rate of 3 1/2% of all
money wagered not in excess of $125,000 daily average, and 7
6% of all money wagered in excess of $12 5,000 daily average,
and 1% of all money wagered in excess of $125,000—daily
average on all races conducted by it during the year.
(2) (i) Each licensee shall estimate the tax on
money wagered due the State each day. It shall pay to the
Commission the estimated tax to be credited against the
total tax due at the close of the meet. The first payment
of estimated tax shall be due 3 3 days after the start of any
meeting and shall include the estimated tax for the first 30
days of the meet. Thereafter the estimated tax for any day
shall be paid to the Commission no later than 72 hours after
the close of racing for that day. The total tax due for the
meeting shall be paid within 5 days of the close of the
meeting.
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