HARRY HUGHES, Governor

5043

Article 78B - Racing Commission

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 SEVENTH day of racing,] a tax at the
rate specified in § 11(b)(3) of this article 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.]

(C) EACH LICENSEE UNDER § 7 SHALL PAY THE TAX DUE TO
THE STATE, FOR EACH DAY OF RACING, BY DEPOSITING THE AMOUNT
OF THE TAX IN A DEPOSITORY DESIGNATED BY THE STATE TREASURER
ON THE NEXT DAY ON WHICH THE DEPOSITORY IS OPEN FOR

BUSINESS. FOR EACH DEPOSIT, THE LICENSEE SHALL SEND A

STATEMENT, UNDER OATH, TO THE COMMISSION, THE COMPTROLLER,
AND THE TREASURER, SHOWING THE AMOUNT OF MONEY WAGERED AND
THE AMOUNT OF THE STATE TAX DEPOSITED.

(C) EACH LICENSEE UNDER § 7 SHALL PAY THE TAX DUE TO
THE STATE BY DEPOSITING THE AMOUNT OF THE TAX AT THE TIMES
SPECIFIED IN SUBSECTION (A) IN A DEPOSITORY DESIGNATED BY
THE STATE TREASURER. THE LICENSEE SHALL SEND A STATEMENT TO
THE COMMISSION SHOWING THE AMOUNT OF MONEY WAGERED AND THE
AMOUNT OF THE STATE TAX DEPOSITED.

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 Stated, within 5 days after the close of the last
meeting held during each calendar year, ] an annual tax at
the rate of 3.50 percent on all money wagered on all races
conducted by it during each year. Each licensee shall
allocate one half of the breakage computed to 10 cents 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 12.50 percent of all money wagered in all
regular mutuel pools on all races conducted by it during
each year and one half of the breakage computed to the 10