Bill to Slash State Taxes on Casino Revenue in Delaware
Delaware lawmakers are looking to cut the state taxes on casino revenues to help ailing industry.
The measure would slash the tax on table games from 30 percent to 15 percent while creating tax brackets for slot machines.
State Senator Brian Bushweller who sponsored the bill told WBOC that he believes the current tax structure threatens casinos.
He represents a district that includes Dover Downs which employs around 15-hundred workers.
The Dover Democrat said that the measure would cost the state more than $20 million.
State Senator Harris McDowell, who chairs the Joint Finance Committee, told the station that he has asked Governor John Carney’s administration to get involved in coming up with a solution.
The measure comes at a time when state lawmakers are looking at how to handle around $170 million project to carry over from the current fiscal year.