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Getting a Tax Statute Right the First Time is Much Easier Than the Alternative

When Pennsylvania enacted legislation in 2004 permitting casinos to operate in the state, it also imposed taxes on casinos. One of the taxes is collected by the state and remitted to the municipality in which the casino operates. Casinos outside of Philadelphia must pay the greater of 2 percent of its net slot machine revenues or $10,000,000. Accordingly, if the casino’s net slot machine revenues are $500 million or less, it will always pay a $10,000,000 tax, whereas if its net slot machine revenues exceed $500 million, it will pay more than $10,000,000.
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