Md. Code Ann., Bus. Reg. § 11-614
General takeout allocation
Effective Jun 1, 1999Added by Acts 1992, c. 4, § 2. Amended by Acts 1992, c. 473, § 2; Acts 1995, c. 590, § 1, eff. Oct. 1, 1995; Acts 1997, c. 750, § 1, eff. June 1, 1997; Acts 1998, c. 21, § 1, eff. April 14, 1998; Acts 1998, c. 477, § 1, eff. June 1, 1998; Acts 1999, c. 291, § 1, eff. June 1, 1999.State of Maryland
- (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.
A licensee whose average handle is over $600,000 shall:
Added by Acts 1992, c. 4, § 2. Amended by Acts 1992, c. 473, § 2; Acts 1995, c. 590, § 1, eff. Oct. 1, 1995; Acts 1997, c. 750, § 1, eff. June 1, 1997; Acts 1998, c. 21, § 1, eff. April 14, 1998; Acts 1998, c. 477, § 1, eff. June 1, 1998; Acts 1999, c. 291, § 1, eff. June 1, 1999.
Formerly Art. 78B, § 17.