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2000 LAWS OF MARYLAND
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Ch. 309
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(c) From the [17%] 17.25% AMOUNT that a licensee deducts from each regular
mutuel pool, the licensee shall:
(1) keep 7.70% of each regular mutuel pool, from which the licensee shall
pay 0.25% of each regular mutuel pool to the Maryland Race Track Employees
Pension Fund;
(2) allocate [0.5%] 0.32% of each regular mutuel pool to the Commission
for State tax;
(3) allocate 1.10% of each regular mutuel pool to the Maryland-Bred
Race Fund; [and]
(4) allocate 7.88% 7.70% of each regular mutuel pool for purses; AND
(5) ALLOCATE 0.25% 1.0% OF EACH REGULAR MUTUEL POOL TO THE
COMMISSION FOR PAYMENT TO THE MARYLAND ECONOMIC DEVELOPMENT
CORPORATION. RACING FACILITY REDEVELOPMENT BOND FUND; AND
(6) ALLOCATE 0.18% OF EACH MULTIPLE MUTUEL POOL AS AN
ADDITIONAL AMOUNT FOR PURSES.
(d) From the [19%] 31.75% AMOUNT that a licensee deducts from each
multiple mutuel pool on 2 horses, the licensee shall:
(1) keep 8.70% 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 [0.5%] 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 8.88% 8.70% of each multiple mutuel pool for purses; AND
(5) ALLOCATE 2.75% 2.0% OF EACH MULTIPLE MUTUEL POOL TO THE
COMMISSION FOR PAYMENT TO THE MARYLAND ECONOMIC DEVELOPMENT
CORPORATION. RACING FACILITY REDEVELOPMENT BOND FUND: AND
(6) ALLOCATE 0.18% OF EACH MULTIPLE MUTUEL POOL AS AN
ADDITIONAL AMOUNT FOR PURSES.
(e) From the [25%] 25.25% AMOUNT 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 [0.5%] 0.32% of each multiple mutuel pool to the Commission
for State tax;
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- 1872 -
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