§ 11-614. Average handle over $600,000 -- General takeout allocation

Latest version.

   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.

HISTORY: An. Code 1957, art. 78B, § 17; 1992, ch. 4, § 2; ch. 473, § 2; 1995, ch. 590; 1997, ch. 750; 1998, ch. 21, § 1; ch. 477; 1999, ch. 291.

                    
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