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§ 11-614. General takeout allocation

West's Annotated Code of MarylandBusiness Regulation

West's Annotated Code of Maryland
Business Regulation (Refs & Annos)
Title 11. Horse Racing (Refs & Annos)
Subtitle 6. Harness Racing (Refs & Annos)
Part II. Harness Racing Licensees (Refs & Annos)
MD Code, Business Regulation, § 11-614
§ 11-614. General takeout allocation
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.

Credits

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.
MD Code, Business Regulation, § 11-614, MD BUS REG § 11-614
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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