HARRY HUGHES, Governor
2931
(II) 4.09 PERCENT OF THE FOLLOWING AMOUNTS OF
THE MUTUEL POOLS SHALL BE ALLOCATED IN EQUAL AMOUNTS TO THE
LICENSEE AND FOR PURSE MONEY.
1. EXCEPT FOR RACING CONDUCTED ON
SATURDAYS, ON THE AMOUNT WAGERED THAT IS IN EXCESS OF $1,000,000
DAILY, AND
2. FOR RACING CONDUCTED ON SATURDAYS, ON
THE AMOUNT WAGERED THAT IS IN EXCESS OF $1,500,000 DAILY.
[Effective January 1, 4985 1986, the percent of the mutuel
pools paid to the Maryland Racing Commission for use of the State
as provided by Section 14 of this article shall be 4.84
percent.]
(6) [6.41] 6.91 percent of the regular mutuel pool
and 5.91 percent of the multiple mutuel pool of all races during
the year shall be retained by the licensee from which 0.25
percent of both pools shall be paid by the licensee to the
Maryland Race Track Employees Pension Fund to be administered by
representatives of the licensee and the employees [and from which
0.75 percent of both pools, in calendar years 1983 and 1984 only,
shall be allocated by the licensee, with the approval of the
thoroughbred racing board, solely to pay the cost of track
maintenance, physical improvements, personnel-related expenses,
and to ensure the maintenance of proper living conditions in the
backstretch]. Effective January 1, 1985 1986, the percent of
the mutuel pools retained by the licensee shall be 5.66 6.16
percent of the regular mutuel pool and 5.16 percent of the
multiple mutuel pool from which 0.25 percent of both pools shall
be paid by the licensee to the Maryland Race Track Employees
Pension Fund to be administered by representatives of the
licensee and the employees].
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1984.
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 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.
15.
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