Pennsylvania Casino Tax Deadline Looms, as State Scrambles for Revenue Solution

Pennsylvania Casino Tax Deadline Looms, as State Scrambles for Revenue Solution

The elimination of a casino income tax in Pennsylvania is putting their state in a financial bind. Using the 2017 session of the General Assembly ending this week, lawmakers must find at least a fix that is quick the revenue woes they’ve understood about since final fall, when the state Supreme Court ruled elements of the present casino tax structure were unconstitutional.

Pennsylvania counties risk losing $120 million from a casino tax that’s been announced unconstitutional. Gov. Tom Wolf wants a bill on his desk ASAP to treat budget problems resulting from the state Supreme Court ruling.

When the continuing state legalized some types of casino gambling in 2006, they did so utilizing the vow that each casino would pay 2 % of gross slot revenues to your townships where they’re situated.

That share had been to encourage communities to welcome new casino construction, and assist offset extra costs connected with having a gambling place inside their yard. If any casinos did not fulfill a $10 million minimum, however, it had been in it to make the difference up. And that is where the slot machine minimum tax created problem for the courts.

Courtroom Bust

In 2015, the Mount Airy Casino and Resort into the Poconos protested, when 2 percent of their slot revenues amounted to no more than $2.8 million, leaving them $7.2 million short.

The Supreme Court ruled in September 2016 that the formula for calc Weiterlesen