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Paper Gaming Taxes

September 8th, 2011 by WCBC Radio

Earlier this summer, a group of for-profit businesses initiated an effort to see the Allegany County Commissioners cut the 40 percent take from their gaming earnings. The only real way to accomplish that reduction while maintaining revenues would be to increase the taxes on the nonprofits. The nonprofit tax is currently set at 10 percent. The for-profit operations say if no changes are made, several members of their informal organization may go out of business. Meanwhile, the nonprofit clubs concern is that a hike will do the same to several of their members, and see charitable donations disappear.  Gaming Administrator Gerald Joy will present his 2011 paper gaming report to the commissioners at today’s public meeting. County revenues from gaming taxes from all sources have been declining for years- most recently he believes, due to the economic downturn and rising unemployment…





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