A Pennsylvania casino operator overpaid its state taxes by $1.1 million and won’t be getting any of it back.
Greenwood Gaming and Entertainment Inc., owner of Parx Casino in the Philadelphia area, lost its final attempt at recouping the overpaid taxes Tuesday when the Pennsylvania Supreme Court upheld a lower court ruling from 2019, denying the operator a refund.
From 2009-2011, the casino overpaid the state $1,122,654 based on slot machine revenue for the time period, according to a report from PennLive.
The lower court ruled that Greenwood filed a request to recoup the overpaid taxes six months too late. The company filed the request in June 2014, but there is a three-year deadline for refund requests after taxes have been paid. In order to receive the refund, the request must have been filed by January.
Greenwood’s legal team argued that the deadline didn’t apply because the company wasn’t filing for a refund, but a credit on payment for future taxes, but the judge did not agree.
With the current landscape of brick-and-mortar gambling during the COVID-19 pandemic, Pennsylvania’s government has missed out on revenue it takes from the casinos. According to one report, during the three-month shutdown of casinos, the state lost $424 million in tax revenue.
Copyright © 2001-2024
CardPlayer.com. All rights reserved.
