Business and Economics

Casino Study Committee Reviewing Tax Cut Requests

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September 30, 2014 — The Associated Press — A legislative committee is weighing requests from Indiana casino operators to reduce the state’s wagering tax rates and eliminate the $3 admission tax for everyone who enters a riverboat, even if not gambling.

Most casino representatives requested the tax cuts during a hearing before the Legislature’s public policy study committee last week.

Casino officials say the tax cuts are needed to help the state’s casinos compete with those in other states.

Wagering and admission taxes brought in nearly $700 million for the state and local governments during the budget year that ended June 30. Before the Great Recession, those revenues regularly topped $900 million a year.

Committee chairman Republican Rep. Tom Dermody of LaPorte tells The TimesĀ  the panel will consider the requests at its next meeting.

 

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