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Session Laws, 1999
Volume 796, Page 2183   View pdf image
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(3) allocate 1.10% of each multiple mutuel pool to the Maryland-Bred
Race Fund; and

(4) allocate 8.88% of each multiple mutuel pool for purses.

(e) From the 25% that a licensee deducts from each multiple mutuel pool on 3
or more horses, the licensee shall:

(1) keep 11.70% of each multiple mutuel pool, from which the licensee
shall pay 0.25% of each multiple mutuel pool to the Maryland Race Track Employees
Pension Fund;

(2) allocate 0.32% of each multiple mutuel pool to the Commission for

State tax;

(3) allocate 1.10% of each multiple mutuel pool to the Maryland-Bred
Race Fund; and

(4) allocate 11.88% of each multiple mutuel pool for purses.

11-614.

A licensee whose average handle is over $600,000 shall:

(1) allocate 0.32% of each mutuel pool to the Commission as State tax;

(2) allocate for purses 0.18% of each mutuel pool, or an amount that is
otherwise agreed to by the licensee and the organization representing a majority of
the harness owners and trainers in the State, which shall provide revenue in addition
to any other funds set aside for purses by private parties;

(3) allocate 0.25% of each mutuel pool to the Maryland Harness Track
Employees Pension Fund;

(4) keep 16.25% of each regular mutuel pool;

(5) keep 18.25% of each multiple mutuel pool on 2 horses; and

(6) keep 24.25% of each multiple mutuel pool on 3 or more horses.

11-616.

A licensee whose average handle is $600,000 or less shall:

(1) allocate 0.32% of each mutuel pool to the Commission as State tax;

(2) allocate for purses 0.18% of each mutuel pool, or an amount that is
otherwise agreed to by the licensee and the organization representing a majority of
the harness owners and trainers in the State, which shall provide revenue in addition
to any other funds set aside for purses by private parties;

(3) subject to § 11-618 of this subtitle, allocate 0.25% of each mutuel pool
to the Maryland Harness Track Employees Pension Fund;

(4) keep 18.00% of each regular mutuel pool;

 

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Session Laws, 1999
Volume 796, Page 2183   View pdf image
 Jump to  
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