Tax Reductions from Slot Machines

There were the days of promises, and then the days of waiting, and now it seems that the slot machines are finally going to start paying off for residents in Pennsylvania. According to the state, their figures are looking good for the year and they say that they should be close to what they were last year. Some areas might see a lesser amount, but for the most part things are better than they were two years ago.

The Philadelphia suburbs for example will still see a tax cut from the slot machine revenue, but they won’t see as much this year as last. This year the tax relief is roughly $139 million which is $169,000 less than last year. Property owners will see anywhere from $73 to $641 in tax reductions in Chester, Delaware and Montgomery Counties.

But the way that it is handled varies per area of the state. In the city it works as a credit toward wage tax percentage, and in the suburbs it acts as a tax credit. Some say that it should be handled the same way for everyone, but they say that depending on where you live it should determine how the slot machine revenue gets applied.

Those property owners outside Philly and Scranton will get a good chunk of the property tax relief from the slot machines, but it will still be less than what they got last year for the most part. With the money being divided up among more homeowners this year because more people have registered, the slot machines are not going to be able to keep up with the demand. However, most homeowners say that anything they get is better than nothing.

 

Back to Monthly Archive // Main Slot Machine News Index