Section 11-614 - Average handle over $600,000 - General takeout allocation. - Maryland Statutes

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

[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.]