The elimination of a casino taxation in Pennsylvania is placing their state in a bind that is fiscal. Using the 2017 session of the General Assembly closing this week, lawmakers must find at least a fix that is quick the income woes they’ve known about since final fall, whenever 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 declared unconstitutional. Gov. Tom Wolf wants a bill on their desk ASAP to remedy budget problems ensuing from the continuing state Supreme Court ruling.
As soon as the state legalized some forms of casino gambling in 2006, they did so utilizing the promise that each casino would pay 2 percent of gross slot revenues towards the townships where they’re located.
That share was to encourage communities to welcome casino that is new, and assist offset additional costs connected with having a gambling venue inside their yard. If any casinos did not meet a $10 million real-money-casino.club minimum, however, it ended up being on them to make the difference up. Which is where the video slot minimum tax created a nagging problem for the courts.
In 2015, the Mount Airy Casino and Resort into the Poconos protested, when 2 per cent of the slot revenues amounted to only about $2.8 million, leaving them $7.2 million short.
The Supreme Court ruled in September 2016 tha Continue reading « Pennsylvania Casino Tax Deadline Looms, as State Scrambles for Revenue Solution »