clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
Session Laws, 1981
Volume 741, Page 2291   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

HARRY HUGHES, Governor

2291

(b-1) In addition to the aforegoing, each licensee
licensed under the provisions of this section, and having a
total wager not in excess of $166,666.67 daily average on
all races conducted by it during the year, shall retain for
its own use [in the year 1970 and in each calendar year
thereafter] 1 percent of all money wagered, to be expended
equally upon increased purses and physical improvements to
its racing facilities[, as approved by the harness racing
board]. In calendar years [1980 and] 1981, 1982, 1983,
AND 1984 only, each licensee subject to the provisions of
this subsection shall retain for its own use an additional
sum equal to .75 percent of all money wagered to be used [,
with the approval of the harness racing board,] for purses
and to pay the cost of track maintenance, physical
improvements, and personnel-related expenses, AND TO ENSURE
THE MAINTENANCE OF PROPER LIVING CONDITIONS IN THE
BACKSTRETCH.

(b-2) Notwithstanding the provisions of subsection (b)
of this section, for any licensee having a total wager not
in excess of $125,000 daily average on all races conducted
by it, the licensee shall pay an annual tax for the use of
the State at the rate of 3 percent of all money wagered not
in excess of $125,000 daily average during the calendar
years [1979, 1980, and] 1981, 1982, 1983, AND 1984 only;
and shall retain for its own use 14 percent of the regular
mutuel pool, 16 percent of the two horse multiple mutuel
pool, if any, and 22 percent of the three horse multiple
mutuel pool, if any, of all money wagered not in excess of
$125,000 daily average during the calendar years [1979,
1980, and] 1981, 1982, 1983, AND 1984 only. In addition to
any allocations otherwise provided in this section or
Section 17A of this article, each licensee shall allocate
during these years only an amount equal to .50 percent of
all money wagered to repayment of debt incurred for
construction of new grandstand facilities at the track.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1981.

Approved May 19, 1981.

CHAPTER 560

(Senate Bill 687)

AN ACT concerning

Surplus Line Insurance

FOR the purpose of limiting a provision which allows a
surplus line broker to place surplus line insurance

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1981
Volume 741, Page 2291   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  August 17, 2024
Maryland State Archives