Ch. 754

LAWS OF MARYLAND

wager for qualifying for the exemption; requiring that a
certain report written reports be submitted to the Racing
Commission and the fiscal committees of the General Assembly
by certain dates; requiring maintenance of effort in the
expenditure of certain funds by the licensee; clarifying
that a harness track licensee may not include in the
calculation of the minimum required expenditure any
allowance for income tax consequences resulting from a
certain tax exemption; providing for criminal penalties for
violation of certain provisions of this Act; making this Act
contingent on the taking effect of a certain other Act; and
generally relating to an exemption from the State tax on
racing revenues for harness tracks.

BY repealing and reenacting, with amendments,

Article 78B - Racing Commission

Section 17(b-2)

Annotated Code of Maryland

(1980 Replacement Volume and 1986 Supplement)

BY adding to

Article 78B - Racing Commission

Section 17(b-4) and (b-5)

Annotated Code of Maryland

(1980 Replacement Volume and 1986 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, 1985 through June 30, [1987]
1990 1989 and notwithstanding the provisions of subsection (b) of
this section, for any licensee having a total wager not in excess
of [$150,000] $200,000 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] 1990 1989 and thereafter
for any licensee having a total wager not in excess of [$150,000]
$200,000 daily average on all races conducted by it, the licensee
shall pay an annual tax for the use of the State and shall retain
for its own use the amounts specified in subsection (b)(1) of
this section of all money wagered.

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