{"id":73043,"date":"2018-03-15T17:00:50","date_gmt":"2018-03-16T00:00:50","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=73043"},"modified":"2018-03-15T12:31:27","modified_gmt":"2018-03-15T19:31:27","slug":"delaware-governor-gives-assurance-on-tax-relief-as-casino-bill-put-on-ice","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/delaware-governor-gives-assurance-on-tax-relief-as-casino-bill-put-on-ice\/","title":{"rendered":"Delaware Governor Gives Assurance on Tax Relief as Casino Bill Put on Ice"},"content":{"rendered":"

Delaware\u2019s proposal to slash tax rates for its three struggling casinos has been put on hold, following assurances from Governor John Carney that his administration is open to changing the tax structure to preserve casino jobs.<\/p>\n

\"Governor
Delaware Governor John Carney has agreed in principle to tax relief for the state\u2019s three casinos but first he wants to take stock of the state\u2019s finances. Casino tax rates have roughly doubled since the early 1990s and Senator Brian Bushweller believes enough is enough. (Image: Matthew Albright\/The News Journal)<\/figcaption><\/figure>\n

Carney says he wants to know the exact cost to the state\u2019s coffers before he gets behind the proposal.<\/p>\n

In response to these assurances, State Senator Brian Bushweller (D-Dover) agreed to table his bill, SB 114<\/a>, which had proposed a tiered tax on slots revenues, rather than the blanket 43.5 percent the state currently takes. The tax rate has roughly doubled since 1994.<\/p>\n

\u201cSince the slots were instituted in the 1990s in Delaware, the state has persistently and routinely increased its take from the overall slot machine revenue to a point where they\u2019re no longer able to function like a normal business,\u201d Bushweller told Delaware State News<\/em> after introducing his bill in January.<\/p>\n

“There does have to be substantial progress made in reducing the damage the state has done to the casino industry,” he added.<\/p>\n

Discussions to Begin Immediately <\/strong><\/h2>\n

Speaking on the governor\u2019s behalf at a Senate Finance Committee meeting on Wednesday was Secretary of Finance Richard Geisenberger, who said the state must first take stock before it can find a solution to the tax problem.<\/p>\n

\u201cIt\u2019s premature, before we have a better sense of our March collections from corporate franchise tax and our April collections from personal income tax, to be resolving this issue,” he said. “But once we have that better picture, it would be more timely.<\/p>\n

“These discussions have been going on since the governor took office, but I think now is the time to sit and begin these discussions immediately to figure this out,\u201d he added.<\/strong><\/p><\/blockquote>\n

Bushweller has estimated the cost to the state will be in the region of $20 million, but believes if the governor doesn\u2019t accept this loss now, there will be no casino sector left to tax in the future.<\/p>\n

Relief or Bailout? <\/strong><\/h2>\n

Opponents of the tax relief plan claim it is a \u201cbailout\u201d arguing the state should not intervene to assist private business financially. But Bushweller and his co-sponsors have highlighted that the onerous tax system is putting more than 1,500 direct jobs, and hundreds more indirect jobs, at risk.<\/p>\n

This year\u2019s bill was the third attempt by the legislature to introduce casino tax relief<\/a>, but the state\u2019s economic outlook is now more favourable than in previous years, which could bode well for the casinos.<\/p>\n

\u201cObviously, last year was a big challenge with the budget situation, but this year we think there is an opportunity to make something happen,\u201d agreed Geisenberger. \u201cGovernor Carney is very committed to working with all of the parties to develop a package that addresses the issues laid out in SB 144.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Delaware\u2019s proposal to slash tax rates for its three struggling casinos has been put on hold, following assurances from Governor John Carney that his administration is open to changing the tax structure to preserve casino jobs. Carney says he wants to know the exact cost to the state\u2019s coffers before he gets behind the proposal. […]<\/p>\n","protected":false},"author":42,"featured_media":73048,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,18,61],"tags":[],"acf":[],"yoast_head":"\nDelaware Governor Gives Assurance on Tax Relief as Casino Bill Put on Ice<\/title>\n<meta name=\"description\" content=\"Governor John Carney has said talks should start on Delaware casino tax relief, as Senator Brian Bushweller agrees to table casino bill.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Delaware Governor Gives Assurance on Tax Relief as Casino Bill Put on Ice\" \/>\n<meta property=\"og:description\" content=\"Governor John Carney has said talks should start on Delaware casino tax relief, as Senator Brian Bushweller agrees to table casino bill.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/delaware-governor-gives-assurance-on-tax-relief-as-casino-bill-put-on-ice\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-16T00:00:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-03-15T19:31:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/03\/carney.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/delaware-governor-gives-assurance-on-tax-relief-as-casino-bill-put-on-ice\/\",\"url\":\"https:\/\/www.casino.org\/news\/delaware-governor-gives-assurance-on-tax-relief-as-casino-bill-put-on-ice\/\",\"name\":\"Delaware Governor Gives Assurance on Tax Relief as Casino Bill Put on Ice\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/delaware-governor-gives-assurance-on-tax-relief-as-casino-bill-put-on-ice\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/delaware-governor-gives-assurance-on-tax-relief-as-casino-bill-put-on-ice\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/03\/carney.jpg\",\"datePublished\":\"2018-03-16T00:00:50+00:00\",\"dateModified\":\"2018-03-15T19:31:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Governor John Carney has said talks should start on Delaware casino tax relief, as Senator Brian Bushweller agrees to table casino bill.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/delaware-governor-gives-assurance-on-tax-relief-as-casino-bill-put-on-ice\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/delaware-governor-gives-assurance-on-tax-relief-as-casino-bill-put-on-ice\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/delaware-governor-gives-assurance-on-tax-relief-as-casino-bill-put-on-ice\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/03\/carney.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/03\/carney.jpg\",\"width\":1280,\"height\":720,\"caption\":\"Delaware Governor John Carney has agreed in principle to tax relief for the state\u2019s three casinos but first he wants to take stock of the state\u2019s finances. 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