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208
STATE OF MARYLAND
Revenue Estimates and Collections
Fiscal Year Ended June 30, 1969
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GENERAL FUND
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Estimated
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.......Revenues
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Collected .......
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SOURCE
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Budget
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Fiscal Year End
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ed June 30, 1969
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Revenues 1969
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Fiscal Year (1)
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Excess or
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Amount
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Deficiency( )
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REAL AND PERSONAL PROPERTY TAXES
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FRANCHISE AND CORPORATION TAXES:
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Bonus Taxes
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$ 140,000.00
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$ 175,943.00
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$ 35,943.00
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Federal, Domestic and Foreign Building, Savings and Loan
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Associations
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340,000.00
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339,283.08
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(716.92)
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Net Earnings of Savings Banks and Building, Savings and
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Loan Associations
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9,500.00
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9,798.31
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298.31
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Fees from Foreign Corporations
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259,000.00
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275,084.00
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16,084.00
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Gross Receipts (Railroads and Public Utilities)
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16,750,000.00
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16,680,410.66
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(69,589.34)
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Ordinary Business Corporations
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445,000.00
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446,007.50
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1,007.50
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Rolling Stock of Persons Other Than Railroads
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115,500.00
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127,879.65
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12,379.65
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Net Earnings of Financial Institutions
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5,700,000.00
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5,381,817.87
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(318,182.13)
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Interest and Penalty on Franchise Tax On Capital
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34,000.00
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33,381.07
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(618.93)
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TAX ON INSURANCE COMPANIES, ETC.
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17,450,000.00
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17,901,166.75
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451,166.75
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MOTOR VEHICLE TAXES, FEES AND FINES.
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Fuel Taxes.
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Revenue
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Titling Tax
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582,711.97
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582,711.97
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ALCOHOLIC BEVERAGE EXCISE TAXES, ETC.:
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Liquor
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8,000,000.00
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8,041,654.65
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41,654.65
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Wine
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700,000.00
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736,094.25
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36,094.25
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Beer
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2,190,000.00
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2,246,915.83
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56,915.83
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Licenses
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170,000.00
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175,309.00
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5,309.00
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INCOME TAXES:
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Individual
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308,000,000.00
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312,832,301.01
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4,832,301.01
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Corporation
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38,621,000.00
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43,664,788.40
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5,043,788.40
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RETAIL SALES AND USE TAXES
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158,400,000.00
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162,414,049.29
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4,014,049.29
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STATE TOBACCO TAX
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13,452,000.00
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13,292,722.51
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(159,277.49)
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TAX ON HORSE RACING
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9,086,757.00
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9,967,929.93
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881,172.93
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TAX ON ADMISSIONS
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1,343.32
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1,343.32
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DEATH TAXES:
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Collateral Inheritance Tax
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4,800,000.00
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4,644,938.85
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(155,061.15)
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Direct Inheritance Tax
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1,700,000.00
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1,723,070.12
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23,070.12
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Maryland Estate Tax
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2,000,000.00
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2,143,118.45
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143,118.45
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Tax on Commissions of Executors and Administrators
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1,200,000.00
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1,104,239.25
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(95,760.75)
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Interest on Inheritance Taxes
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22,000.00
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16,521.63
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(5,478.37)
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MISCELLANEOUS FEES, FINES AND FORFEITURES:
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Shares of Locally Collected State Licenses (3%)
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90,000.00
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91,868.81
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1,868.81
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Penalty on Licenses
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2,300.00
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2,403.22
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103.22
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Excess Fees of Office
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1,800,000.00
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2,469,057.10
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669,057.10
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Notary Commission Fees
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90,000.00
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11,514.93
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(78,485.07)
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Recording Fees
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170,000.00
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156,818.97
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(13,181.03)
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Music Box Licenses, Etc.
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165,000.00
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151,329.18
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(13,670.82)
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Recordation Tax.
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25,000.00
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71,118.96
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46,118.96
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Dormant Accounts
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50,000.00
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(50,000.00)
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Unfair Cigarette Sales Act
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Non-Resident Contractors and Subcontractors
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1,000.00
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1,100.00
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100.00
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Public Service Companies' Filing Fees
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575,000.00
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584,503.37
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9,503.37
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Criminal Injury Compensation Costs
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50,000.00
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35,962.60
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(14,037.40)
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Miscellaneous
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94,730.92
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94,730.92
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MISCELLANEOUS REVENUES:
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Northern Central Railway Annuity
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90,000.00
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90,000.00
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Interest on Investments
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6,000,000.00
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7,833,740.91
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1,833,740.91
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Mental Hospital Maintenance Recoveries from Sponsors
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4,000,000.00
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4,778,566.26
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778,566.26
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