HARRY HUGHES, Governor

2921

CHAPTER 564

(Senate Bill 775)

AN ACT concerning

Harness Racing Board - Pari-Mutuel Tax Exemption

FOR the purpose of exempting certain harness racing licensees
from a tax for pari-mutuel betting privileges for certain
years; requiring certain harness racing licensees to use a
certain percentage of the funds retained by the exemption
for certain capital improvements for certain years; and
generally relating to the tax for pari-mutuel betting in the
State.

BY repealing and reenacting, with amendments,

Article 78B - Racing Commission

Section 17(b-2)

Annotated Code of Maryland

(1980 Replacement Volume and 1983 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 78B - Racing Commission

17.

(b-2) (1) BEGINNING JULY 1, 1984 THROUGH JUNE 30, 1987 AND
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 NO TAX TO THE STATE FOR PARI-MUTUEL BETTING PRIVILEGES. THE
LICENSEE SHALL RETAIN FOR ITS OWN USE 17% OF THE REGULAR MUTUEL
POOL, 19% OF THE TWO HORSE MULTIPLE MUTUEL POOL, IF ANY, AND 25%
OF THE THREE HORSE MULTIPLE MUTUEL POOL, IF ANY, OF ALL MONEY
WAGERED.

(b-2)(1) Notwithstanding (2) BEGINNING JULY 1, 1987 AND
THEREAFTER AND 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 0.75 percent % of all money wagered not in
excess of $125,000 daily average and shall] NO TAX TO THE STATE
FOR PARI-MUTUEL BETTING PRIVILEGES. THE LICENSEE SHALL retain
for its own use [16.25 percent] 17% 16.25% of the regular mutuel
pool, [18.25 percent] 19% 18.25% of the two horse multiple mutuel