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 taxation in Pennsylvania is placing the state in a fiscal bind. Because of the 2017 real money casino online 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 that has 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.

Whenever state legalized some types of casino gambling in 2006, they did so aided by the promise that each casino would pay 2 percent of gross slot revenues towards the townships where they’re found.

That share ended up being to encourage communities to welcome casino that is new, and help offset additional costs associated with having a gambling location in 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 problem for the courts.

Courtroom Bust

In 2015, the Mount Airy Casino and Resort in the Poconos protested, when 2 % of these 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 ca

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