HARRY HUGHES, Governor

4241

(a) All sums collected by the Racing Commission, under
the provisions of this article, shall be paid over to the
Comptroller and shall be disbursed and distributed, except
where otherwise provided, as follows:

(2) Except as hereinafter in subsection (d)
provided, there shall be divided among and allocated and
paid to the several counties of the State and to Baltimore
City on the basis of population, according to the latest
available federal census: (a) twenty-four thousand dollars
($24,000) plus one half of all breakage and license fees and
two fifths (2/5) of all wagering revenues collected from
licensees licensed under § 7 of this article; (b) one
quarter of all revenues collected from licensees licensed
under § 15 of this article; (c) one half of all breakage and
license fees, one quarter (1/4) of all revenues arising out
of the tax on all money wagered not in excess of $2,000,000,
and nine twentieths (9/20) of all revenues arising out of
the tax on all money wagered in excess of $2,000,000
collected from licensees licensed under § 17 of this article
not required to be paid to the Maryland Agricultural Fair
Board as provided in paragraph (3) of this subsection;
[provided, however, that before payment of such revenues to
the several counties of the State and Baltimore City, the
Comptroller shall first pay out of such revenues the sums
required to be paid by § 2 of Article 22 and thereafter the
balance of such revenue shall be divided, allocated and paid
to the several counties and Baltimore City as hereinbefore
provided;] except that no funds shall be divided among,
allocated or paid to any of the several counties of the
State or to the City of Baltimore as aforesaid unless it
shall have levied, in its current fiscal year, taxes
sufficient to collect a minimum of one dollar per capita in
revenue and unless it shall have certified a copy of said
levy to the State Comptroller; and provided further, that
any moneys otherwise distributable as hereinbefore provided,
which shall not be distributed at the close of the fiscal
year of any such county or the City of Baltimore because of
failure of any county or the City of Baltimore to make such
levy and certification, shall revert to the general fund of
the State treasury. Per capita revenue shall be computed for
purposes of this subsection by using the population figures
furnished by the latest federal census or by an official
local census, whichever is latest.

Article 81 - Revenue and Taxes

9.

(a) The following real and tangible personal property
are exempt from assessment and from State, county, and city
ordinary taxation, except as otherwise stated, which
exemptions shall be strictly construed: