March was a superb month for the state’s three playing facilities and the state’s coffers. Plainridge Park Casino, MGM Springfield and Encore Boston Harbor cumulatively generated greater than $102 million in gaming income, about $28.6 million of which can be as a result of state.
In phrases of income, March was the perfect month on file for Encore Boston Harbor, the third-best month ever for MGM Springfield and the second-best month for Plainridge Park Casino since Encore opened, in response to the Gaming Commission. Encore introduced in $64.87 million final month, MGM reported a haul of $24.28 million and Plainridge took in about $12.94 million in March.
Encore’s March gaming income interprets into $16.2 million in state taxes and charges, MGM’s take will lead to simply greater than $6 million for the state and Plainridge’s income will yield about $6.34 million for the state. In all, the state is due roughly $28.6 million in March gaming revenues and charges.
Court rejects problem to cap on native tax deduction
The Supreme Court on Monday rejected a problem from New York, New Jersey, Connecticut and Maryland to the 2017 tax legislation that capped federal tax deductions for state and native taxes.
The lawsuit had beforehand been dismissed by decrease courts. It argued that the Republican-led tax legislation, signed by then-President Donald Trump, unfairly singled out high-tax states wherein Democrats predominate.
The legislation caps a deduction for state and native taxes, generally known as SALT, at $10,000. The lawsuit claimed that lawmakers crafted the availability to focus on Democratic states, interfering with the states’ constitutionally granted taxing authority.
Legislation to lift the cap has handed the House of Representatives however not the Senate.
Source: www.bostonherald.com”