Learn to Play Slot Machines

 

Play Slot Machines
Best Online Casinos
How They Work
Slot Machine Odds
Types of Slot Machines
Individual Game Payouts
Slot Machine Tips
Secrets & Myths
Playing Slots
Tournaments
Casino News
Cool Sites

Home

Philly Tax Breaks

According to figures projected by the Pennsylvania government, for the second year in a row, tax revenues from slot machines reached a threshold for use for tax relief in Philadelphia.  The amount of tax relief this year will be similar to relief offered last year, only a little bit less. 

Act 1, passed in 2006, is the piece of legislature that specifies how tax dollars from slot machines shall be divided up into tax relief.

Suburbs surrounding Philadelphia will receive about $139 million in tax relief this year.  That is only about $169,000 less than these areas received from slot machines last year.  In Chester, Montgomery, and Delaware counties, individual property owners will receive between $73 and $641 in school tax reductions. 

Wage tax reduction is the only tax relief that Philadelphia will receive.  Workers in the city, both residents and suburban commuters, will receive roughly $86.3 million in wage tax reductions.  Last year the same workers received $86.5 million. 

The tax relief from slot machine revenues is not given directly to individuals or households in Pennsylvania.  In the city the money is used to lower the percentage of the wage tax.  In the surrounding suburbs it is used as a credit on tax bills.

However tax relief for the state overall has increased by about $600,000 this year.  Pennsylvania property owners that do not live in Scranton or Philadelphia will be receiving about $528 million in tax relief.  The only reason that individual will be seeing less in tax relief is because the tax dollars must be split up among more homeowners than the year before.

 

Casino News

 

How They Work | Odds | Types | Payouts | Tips | Secrets | Playing Slots | Tournaments

Copyright 2005© www.learntoplayslotmachines.com All rights reserved
Contact info: requests@learntoplayslotmachines.com