Section 11-617 – Average Handle of $600,000 or Less — Allocation of Licensee’s Takeout Share
(a) From a licensee’s share of the takeout on each mutuel pool, the licensee whose average handle is $600,000 or less shall allocate 1.75% to increased purses. (b) From the licensee’s share of the takeout on each mutuel pool, a licensee whose average handle is over $150,000 shall allocate equally to the Sires Stakes Program and the […]
Section 11-701 – Scope of Subtitle
This subtitle applies only to the licensee that is the Cecil County Breeders’ Fair, Inc., or its successor.
Section 11-618 – Pension Fund Exemption for Average Handle of $125,000 or Less
A licensee whose average handle is $125,000 or less is exempt from paying 0.25% of each mutuel pool to the Maryland Harness Track Employees Pension Fund.
Section 11-619 – Driver’s Fee Deducted From Purse
A licensee shall: (1) deduct the fee for a driver from the purse of an owner; and (2) pay the fee to the driver not later than 7 work days after the last day of the month in which the driver earns the fee.
Section 11-620 – Estimated Taxes
(a) (1) A licensee shall: (i) estimate daily the State tax on money bet; and (ii) pay to the Commission the estimated tax, to be credited against the total tax due at the close of the race meeting. (2) The first payment of estimated tax is due 33 days after the start of the race meeting and covers the estimated […]
Section 11-623 – Definitions
(a) In this part the following words have the meanings indicated. (b) “Advisory Committee” means the Maryland Standardbred Race Fund Advisory Committee. (c) “Fund” means the Maryland Standardbred Race Fund. (d) “Fund Race” means a race funded by the Maryland Standardbred Fund.
Section 11-624 – Fund — Established
There is a Maryland Standardbred Race Fund consisting of the Foaled Stakes Program and the Sires Stakes Program.
Section 11-625 – Advisory Committee — Established
There is a Maryland Standardbred Race Fund Advisory Committee, under the jurisdiction of the Commission, in the Department.
Section 11-626 – Advisory Committee — Membership
(a) (1) The Advisory Committee consists of members appointed by the Commission with the approval of the Secretary. (2) Of the members of the Advisory Committee: (i) 1 shall be nominated by the chairman of the Commission and be another member of the Commission; (ii) 1 shall be nominated by the chairman of the Commission to represent each harness racing […]
Section 11-627 – Chairman
(a) The member of the Commission who is on the Advisory Committee is the chairman of the Advisory Committee. (b) (1) The term of the chairman of the Advisory Committee is 1 year. (2) At the end of a term, the chairman continues to serve until a successor is appointed. (3) A chairman who is appointed after a term has […]