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 the casino income tax in Pennsylvania is putting hawaii in a fiscal bind. Aided by the 2017 session of the General Assembly ending this week, lawmakers must find at least a quick fix to the revenue woes they have understood about since last fall, whenever the state Supreme Court ruled elements of the current casino tax structure were unconstitutional.

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

When the state legalized some types of casino gambling in 2006, they did so because of the promise that each casino would pay 2 per cent of gross slot revenues towards the townships where they’re located.

That share had been to encourage communities to welcome casino that is new, and assist offset extra costs connected with having a gambling venue in their garden. If any casinos did not satisfy a $10 million minimum, however, it was on them real-money-casino.club to make up the distinction. And that is where the slot machine game minimum tax created problem for the courts.

Courtroom Bust

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