|Posted:||July 22, 2022 10:31 AM|
|From:||Senator Lisa M. Boscola|
|To:||All Senate members|
|Subject:||Table Game Tax Revenue for Property Tax Relief|
|I intend to introduce legislation that will direct the Commonwealth’s table game tax revenues into the Property Tax Relief Fund in order to provide additional tax relief to local property taxpayers.
The legalization of slot machine gaming was originally enacted to provide further property tax relief to the Commonwealth’s property taxpayers. However, while gaming in the state has been successful, the reduction of property taxes continues to be marginal to the average homeowner.
Additionally, when the General Assembly approved this fiscal year’s Tax Reform Code, excess dollars from the Rainy Day Fund were deposited into the General Fund. As opposed to the Property Tax Relief Fund, where those dollars rightfully belong.
Therefore, I am introducing legislation that would direct all state revenues generated on table games to be deposited into the Property Tax Relief Fund to provide for further property tax reductions. This is where the tax revenue needs to because homeowners need the dollars. Especially when our General Fund is flush wish cash.
I invite you to join me as a co-sponsor.
Introduced as SB1308