2013 Maryland Code
BUSINESS REGULATION
§ 11-614 - Average handle over $600,000 -- General takeout allocation


MD Bus Reg Code § 11-614 (2013) What's This?

§11-614.

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

(1) allocate 0.50% of each mutuel pool to the Commission as State tax;

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

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

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

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

§ 11-614 - 1. Supplemental State tax

Repealed by Acts 1997, ch. 752, effective October 1, 1997.

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