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Session Laws, 1985
Volume 760, Page 29   View pdf image
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HARRY HUGHES, Governor

29

and personnel-related expenses, and to ensure the maintenance of
proper living conditions in the backstretch.

(9) (I) EACH LICENSEE SHALL ALLOCATE ON ALL BETTING
NOT IN EXCESS OF $150,000 DAILY AVERAGE IN ANY YEAR TO THE
MARYLAND STANDARDBRED RACE FUND CREATED BY § 17A OF THIS ARTICLE
A SUM EQUAL TO 0.50 PERCENT OF THE REGULAR AND TWO HORSE MULTIPLE
MUTUEL POOLS AND 1.00 PERCENT OF THE THREE OR MORE HORSE MULTIPLE
MUTUEL POOLS. EACH LICENSEE SHALL ALLOCATE ON ALL BETTING IN
EXCESS OF $150,000 DAILY AVERAGE IN ANY YEAR TO THE MARYLAND
STANDARDBRED RACE FUND A SUM EQUAL TO 1.00 PERCENT OF THE REGULAR
AND TWO HORSE MULTIPLE MUTUAL POOLS AND 1.50 PERCENT OF THE THREE
OR MORE HORSE MULTIPLE MUTUEL POOLS.

(II) EACH LICENSEE UNDER THE PROVISIONS OF THIS
SECTION WITH DAILY AVERAGE WAGERING FOR THE YEAR OVER $150,000
SHALL ALLOCATE TO THE MARYLAND STANDARDBRED RACE FUND:

1. FOR AMOUNTS UNDER $125,000 DAILY
AVERAGE, 0.50 PERCENT OF THE REGULAR AND TWO HORSE MULTIPLE
MUTUEL POOLS, AND 1 PERCENT OF THE THREE OR MORE HORSE MULTIPLE
MUTUEL POOLS; AND

2. FOR AMOUNTS OVER $125,000 DAILY
AVERAGE, 1 PERCENT OF THE REGULAR AND TWO HORSE MULTIPLE MUTUEL
POOLS, AND 1.5 PERCENT OF THE THREE OR MORE HORSE MULTIPLE MUTUEL
POOLS.

(10)  THE AMOUNTS ALLOCATED TO THE MARYLAND
STANDARDBRED RACE FUND UNDER PARAGRAPHS (4) AND PARAGRAPH (9) OF
THIS SUBSECTION SHALL BE DIVIDED EQUALLY BETWEEN THE SIRES STAKES
PROGRAM AND THE MARES STAKES PROGRAM.

(b-2) (1) Beginning July 1, [1984] 1985 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] $150,000 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.

(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] $150,000 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% of all money wagered not in excess of $125,000
daily average] and shall retain for its own use [16.25% of the
regular mutuel pool, 18.25% of the two horse multiple mutuel
pool, if any, and 24.25% of the three horse multiple mutuel pool,
if any,] THE AMOUNTS SPECIFIED IN SUBSECTION (B)(1) OF THIS
SECTION of all money wagered.

 

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Session Laws, 1985
Volume 760, Page 29   View pdf image
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