POKER ROOM REVIEW NEWSWIRE

Pennsylvania Homeowners to Receive Tax Rebates

5/7/2008 1:44:28 PM

In an interesting report in the Boston Herald, it was revealed that every Pennsylvania homeowner will be receiving a 10% tax rebate this summer as revenues begin to pour in from newly built, legalized gambling venues. The rebates, paid for by the state’s fledgling gambling industry and totaling $613 million, are expected to average $169 per household.

The tax breaks fulfill a long-standing pledge by Pennsylvania Gov. Edward Rendell to funnel the state’s new gambling revenues into broad-based tax relief. Since last July, the state has raised $661 million in new tax revenues from its gambling establishments. Those revenues top the $1 billion mark when one-time licensing fees - $50 million per casino - are included.


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