Maryland § 11-620
Full text of Maryland Maryland Code § 11-620, with citation guidance and answers to common questions.
§ 11-620.
(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 tax for the first 30 days of the race meeting.
(3) The estimated daily tax for each later day of the race meeting shall be paid to the Commission not later than 72 hours after the close of racing for that day.
(4) The total tax due for the race meeting shall be paid within 5 days after the close of the race meeting.
(b) If the estimated tax paid by a licensee is less than 75% of the total tax due at the end of a race meeting, the Comptroller may assess a penalty of 25% of any additional tax due at the end of the race meeting.
(c) The Commission promptly shall send to the Comptroller all taxes and estimated taxes it collects.
Frequently Asked Questions About Maryland § 11-620
What does Maryland Code § 11-620 cover?
Section 11-620 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 11-620?
A common citation format is "Maryland Code § 11-620" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 11-620 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.