view raw text
MARYLAND RACING REVENUE Expected That the 1922 Tax on the Sport Will Reach the Enormous Sum of 73,000. BALTIMORE, Md., December C The State of Mai-yland expects approximately ,000 in returns from the race tracks for the years racing. The attendance during the fall season longer than the spring season because Laurel takes all of its twenty-three racing days in the fall was reported considerably larger than last fall. The commission is said to expect additional financial gains from scaling down official salaries and removal of surplus employes. Such retrenchment was foreshadowed in the commissions annual report for 1921. The commission last year paid over to the state treasurer 05,1S5. Included in this total, however, was 31,512 collected for the state for the sixty-nine racing days of fall racing in 1920. This year there will be no back collections. Hence approximately G73,-000 will be returned if the revenue meets expectations. The state takes ,000 for each day of racing and 15 per cent of net revenues. Baltimore County gets an additional ,000 a day from Pimlico. Under the rule adopted by the commission last year profits of the tracks are limited to 10 per cent of a fixed valuation. It was provided that excess profits should be devoted to improvements at each track. About 00,000 is reported to have been expended in this way last summer for a new club house at Havre de Grace and various improvements at the other tracks.
