Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1937-10-07

AN ACT to repeal and re-enact with
amendments Section 10 of Article 76B
of the Annotated Code of Maryland
(1035 Supplement-, title "Racing
Commission, as the same was re-
pealed and re-enacted by Chapter 1876
of the Acts of the General Assembly
of Maryland at its Special Session
held in 1885; providing that the Har-
ford County Fair Association, Inc;
the Southern Maryland Agricultural
Fair Association Of Prince Georges
County, ard the Maryland State Fair
and Agricultural Society of Baltimore
County. may each conduct one race
meet each year for a period Of ten
days instead Of FIVE days as now al.
lowed; providing for minimum pre-
($J000.00) for agricultural exhibits;
providing for a tax of 10 on all
monies bet on races In excess of Five
Hundred Thousand Dollars $780,
100000, license fee and tax Of so
of the net revenue and for the alloca-
tlOn Of said taxes.
Section 1. Be 1t enacted by the Gen.
eral Assembly Of Maryland, That Sec
ti0n 10 of Article 7SB Of the Annotated
Code Of Maryland u035 Supplement-,
title Racing Commission. as the same
was repealed and re-eDacted by Chapter
1876 Of the Acts of the General Assembly
OF Maryland. at Its Special Session held
In 1886. be and the same Is hereby re-
pealed and re-enacted with amendments
to read as follows:
ID. In addition to licensing racing as
hereinbefore provided, the following or
ganizations shall each be licensed by
the Racing Commission to conduct a
race meeting or meetings with betting
privileges, not to exceed ten days for
any one organization In any year, pro-
vided such meetings are held in con.
nection with or for the benefit of bona
fde County Fairs or Agricultural Ex-
hibitions and are held in compliance
with all the provisions Of this section
Agricultural and Mechanical Associa-
ton Of Washington County; Cumber-
land Fair Association, Inc; PocOmoke
Agricultural Fair Association, Inc;
Hartford County Fair Association, Inc;
Southern Maryland Agricultural Fair
and Maryland State Fair and AgricuI-
tural Society of Baltimore County.
Each licensee under the provisions OF
this section shall pay to the County
Treasurer of the County in which such
fair or exhibit Is held a fee of Fifty
Dollars ($50,0O) for each day Of said
meeting, to be deposited to the credit
OF said County.
Each licensee licensed under the pro-
visions of this section mast annually
provide and set aside the sum of Five
Thousand Dollars t$500000) in pre-
minms for bona fide live stock and agri-
cultural exhibits. In the event that
any part of the said sum of Five Thou.
sand Dollars ($5.000.00) is not claimed
by exhibitors of live stock and agricul-
tural exhibits then such unexpended
balance shall be paid to the Comptroller
and by him deposited in the same fund
and distributed in the same manner as
provided in the following paragraph
In addition to all fees, premiums,
taxes or other sums imposed by law,
each licensee under the provisions of
this section shall pay to the Comptroller
within five days after the close of the
last meeting held each season. tax at
the rate of 1eo on all money wagered
on all races during said season above
the sum Of Five Hundred Thousand
Dollars $500. 100000, the intention OF
this Act being that all money wagered
up to and including Five Hundred
Thousand Dollars ($50O, 100000 with any
one organization during any one season
shall be exempt from the provisions of
said tax. In addition to all other H.
cense fees and taxes hereinbefore or
elsewhere provided for, every such II.
censee shall pay to the Commission an
additional license fee or tax of so Of
the net revenue, as shown in a sworn
statement to be submitted to and ap-
proved by the Commission, and for this
purpose. the said Commission shall have
all the powers relative to the produc-
ton or auditing Of books as provided
in Section II Of this Article. The funds
derived from the above taxes, together
with any amount from unclaimed pre-
mlums as set forth In the preceding
paragraph shall be placed in special
fund by the Comptroller to be used Tor
the purpose Of conducting such com
petitive agricultural exhibitions as nsuy
be provided by law, and any balance
remaining unexpended in said special
fund at the end of the fiscal year fol-
lowing the one In which 1t Is collected
shall be transferred by the Comptroller
to the general fund Of the State Of
Maryland.
All licensees under this section shall
keep books and accounts Of all money
bet and premiums paid, together with
all other receipts and expenditures. Said
books and accounts shall be at all times
open to inspection by the representa-
tivcs OF the Racing Commission, and to
audit by the State Auditor.
Sec. 2. And be II further enacted,
That this Act is hereby declared to be
an emergency law and necessary for the
immediate preservation Of the public
health and safety, and having been
passed by q yea and nay vote. sup
ported by three-fifths Of all the men,
bers elected to each Of the two Houses
Of the General Assembly, the same shall
take effect from the date Of it's passage.
Approved. March % 1D37