The elimination of a casino income tax in Pennsylvania is placing hawaii in a fiscal bind. Aided by the 2017 session of the General Assembly closing this week, lawmakers must find at least a quick fix to the revenue woes they have known about since last fall, when the state Supreme Court ruled elements of the present casino tax structure were unconstitutional.
Pennsylvania counties risk losing $120 million from the casino tax that has been announced unconstitutional. Gov. Tom Wolf wants a bill on their desk ASAP to treat budget troubles ensuing from the state Supreme Court ruling.
If the continuing state legalized some types of casino gambling in 2006, they did so because of the vow that each casino would pay 2 percent of gross slot revenues towards the townships where they’re situated.
That share was to encourage communities to welcome new casino construction, and assist offset extra costs related to having a gambling venue inside their backyard. If any casinos did not fulfill a $10 million minimum, however, it had been in it to make up the huge difference. And that 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 % of the slot revenues amounted to just about $2.8 million, leaving them $7.2 million short.
The Supreme Court ruled in September 2016 that the formula for calcula Continue reading Pennsylvania Casino Tax Deadline Looms, as State Scrambles for Revenue Solution