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215
STATE OF MARYLAND
Estimated Revenues
For the Fiscal Year Ending June 30, 1970
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Special and
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Total
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General
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Debt Service
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Federal
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Fund
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Funds
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Funds
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REAL AND PERSONAL PROPERTY TAXES
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$34,502,894
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$34,502,894
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FRANCHISE AND CORPORATION TAXES:
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Bonus Taxes (Tax on Authorized Capital Stock)
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143,000
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$ 143,000
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Federal, Domestic and Foreign Building, Savings and
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Loan Associations
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360,000
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360,000
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Net Earnings of Savings Banks and Buildings, Savings
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and Loan Associations
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1,000,000
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10,000
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990,000
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Fees from Foreign Corporations
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265,000
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265,000
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Gross Receipts (Railroads and Public Utilities)
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18,000,000
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18,000,000
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Ordinary Business Corporations
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920,000
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460,000
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460,000
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Rolling Stock of Persons Other Than Railroads
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125,000
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125,000
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Interest and Penalty on Franchise Tax on Capital
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36,000
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36,000
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Net Earnings of Financial Institutions
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6,000,000
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6,000,000
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TAX ON INSURANCE COMPANIES, ETC.
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18,280,000
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18,280,000
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MOTOR VEHICLE TAXES, FEES, FINES:
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Fuel Taxes
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108,177,649
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108,177,649
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Revenue (Registrations, Transfers, Titles, Operating
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Licenses, Etc.)
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62,442,384
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62,442,384
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Instruction License — Driver Education Fund
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725,000
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725,000
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Motor Vehicle Inspection Fees
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625,358
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625,358
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Titling Tax
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44,000,000
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11,000,000
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33,000,000
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ALCOHOLIC BEVERAGES EXCISE TAXES, ETC.:
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Liquor
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12,800,000
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8,533,000
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4,267,000
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Wine
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710,000
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710,000
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Beer
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2,200,000
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2,200,000
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Licenses
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170,000
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170,000
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INCOME TAXES:
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Individuals
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388,330,000
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388,330,000
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Corporations
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47,943,000
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42,331,000
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5,612,000
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RETAIL SALES AND USE TAXES
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233,110,000
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233,110,000
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STATE TOBACCO TAX
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27,050,000
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13,757,500
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13,292,500
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TAX ON HORSE RACING
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13,476,613
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9,298,613
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4,178,000
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TAX ON ADMISSIONS
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984,000
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984,000
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DEATH TAXES:
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Collateral Inheritance Taxes
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5,000,000
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5,000,000
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Direct Inheritance Taxes
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3,900,000
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3,900,000
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Maryland Estate Tax
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2,000,000
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2,000,000
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Tax on Commissions of Executors and Administrators
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1,250,000
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1,250,000
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Interest on Inheritance Taxes
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23,000
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23,000
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MISCELLANEOUS FEES, FINES, FORFEITURES:
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Shares of Locally Collected State Licenses (3 %)
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92,000
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92,000
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Penalty on Licenses
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2,400
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2,400
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Excess Fees of Office
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1,900,000
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1,900,000
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Notary Commission Fees
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50,000
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50,000
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Recording Fees
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200,000
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200,000
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Music Box Licenses, Etc.
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175,000
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175,000
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Recordation Tax
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25,000
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25,000
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Dormant Accounts
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50,000
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50,000
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Non-Resident Contractors and Subcontractors
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1,000
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1,000
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Courts of Criminal Jurisdiction
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50,000
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50,000
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Unfair Cigarette Sales Act
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77,515
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77,515
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Public Service Companies Filing Fees
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600,000
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600,000
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MISCELLANEOUS REVENUES:
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Northern Central Railway Annuity
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90,000
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90,000
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Interest on Investments
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5,900,000
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5,900,000
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Mental Hospital Maintenance Recoveries from Sponsors
Mental Hospital Recoveries — Medicare
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4,000,000
675,000
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4,000,000
675,000
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EXHIBIT I—Continued
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