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

The elimination of a casino taxation in Pennsylvania is placing their state in a fiscal bind. Using the 2017 session of the General Assembly closing this week, lawmakers must find at least a fix that is quick the revenue woes they’ve understood 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 which has been announced unconstitutional. Gov. Tom Wolf wants a bill on their desk ASAP to remedy budget problems ensuing from the state Supreme Court ruling.

If the continuing state legalized some types of casino gambling in 2006, they did so with all the vow that each casino would pay 2 per cent of gross slot revenues to the townships where they’re positioned.

That share was to encourage communities to welcome new casino construction, and assist offset additional costs associated with having a gambling place within their garden. If any casinos did not meet a $10 million minimum, however, it was in it to make the difference up. And that’s where the video slot minimum tax created a nagging problem for the courts.

Courtroom Bust

In 2015, the Mount Airy Casino and Resort in the Poconos protested, when 2 % of their slot revenues amounted to only about $2.8 million, leaving them $7.2 million short.

The Supreme Court ruled in September 2016 that the formula for dete Continue reading