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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 tax in Pennsylvania is placing the state in a bind that is fiscal. With all the 2017 session of the General Assembly ending this week, lawmakers must find at least a quick fix to the revenue woes they’ve known about since final fall, whenever the state Supreme Court ruled elements of the existing 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 treat budget problems ensuing from the continuing state Supreme Court ruling.

As soon as the state legalized some types of casino gambling in 2006, they did so utilizing the promise that each casino would pay 2 percent of gross slot revenues to your townships where they’re located.

That share had been to encourage communities to welcome new casino construction, and assist offset additional costs connected with having a gambling place inside their yard. If any casinos did not fulfill a $10 million minimum, however, it was in it to make up the difference. Which is where the video slot minimum tax created a nagging problem for the courts.

Courtroom Bust

In 2015, the Mount Airy Casino and Resort into the Poconos protested, when 2 percent of these slot revenues amounted to no more than $2.8 million, leaving them $7.2 million short.