clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 2004
Volume 801, Page 494   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

Ch. 97                                     2004 LAWS OF MARYLAND

(6) ALLOCATE 1% OF EACH REGULAR MUTUEL POOL PAID TO THE
MARYLAND MILLION, LTD., FOR PURSES OF MARYLAND MILLION RACES.

(d)     From the [19%] 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 [0.50%] 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 8.70% of each multiple mutuel pool for purses; AND

(5)      ALLOCATE 0.18% OF EACH MULTIPLE MUTUEL POOL AS AN
ADDITIONAL AMOUNT FOR PURSES; AND

(6)      ALLOCATE 2% OF EACH MULTIPLE MUTUEL POOL PAID TO THE
MARYLAND MILLION, LTD., FOR PURSES OF MARYLAND MILLION RACES.

(e)     From the [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 [0.50%] 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 11.70% of each multiple mutuel pool for purses; AND

(5)      ALLOCATE 0.18% OF EACH MULTIPLE MUTUEL POOL AS AN
ADDITIONAL AMOUNT FOR PURSES; AND

(6)     ALLOCATED 0.75% OF EACH MULTIPLE MUTUEL POOL PAID TO THE
MARYLAND MILLION, LTD., FOR PURSES OF MARYLAND MILLION RACES.

11-515.1.

(b) Nothing in this section may be construed to permit the licensee to in any
way alter the mandatory takeout allocated to the Commission for[:

(1)] the State tax[; or

(2) the payment to the Racing Facility Redevelopment Bond Fund for the
Maryland Economic Development Corporation].

- 494 -

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 2004
Volume 801, Page 494   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  August 17, 2024
Maryland State Archives