Lighthouse News Daily

Breaking Daily News

Saturday, January 16, 2021
Log in
  • Headlines
  • Business
  • Education
  • Entertainment
  • Sports
  • Technology
  • U.S.
  • World
  • Latest News
    • Inflatable Greenhouse Could Be A Food Source In The Outer Space
    • YouTube for Children Being Launched by Google
    • Some Animals Produce Natural Sunscreen to Protect Themselves from Radiation, New Study Shows
    • A New Genetic Map Tracks Down Dog Breeds And Their Evolution
    • Lack Of Sleep Causes Brain Cells To Slow Down
    • Meet Lyuba, the Best-Preserved Baby Mammoth in the World
    • Reports of Great White Shark Spottings Around Wells, Maine
    • Minecraft Adds Hour of Code Designer Tutorial
    • The de Broglie-Bohm Theory Is Back and It’s Surreal
    • Could High Carbon Dioxide Concentration Make Earth Greener?
You are here: Home / Archives for Holdings Acquisition Co.

Pittsburgh Casino is Fed Up with Paying City $10M in Taxes Every Year

July 8, 2016 By David Kellen Leave a Comment

Nighttime view of Pittsburgh, PA

Nighttime view of Pittsburgh, PARivers Casino has challenged Pittsburgh ’s “local share tax” on slot machine revenue in the state’s highest court. The casino argued that the tax is both unfair and unconstitutional as it is at odds with a clause in the state constitution which imposes equal rates of taxation for same class of tax payers.

The company also said that the local tax also tramples on the 14th Amendment of the U.S. Constitution. It now seeks an end to the collection of the burdening tax which cost the company more than $10 million every year.

Holdings Acquisition Co., which operates the casino in Pittsburgh and filed the complaint, argued that hitting casinos with disproportionate rates of taxation is “unreasonable, not related to a legitimate government purpose.”

The casino said Thursday that it was inspired to start the legal battle by Mount Airy Casino and Harrah’s Casino which have also sued municipalities over the same reason in Poconos and Philadelphia respectively. The two casinos argued that the local tax uses an unconstitutional and unfair formula when calculating the municipality share.

The two casinos, which filed the lawsuits 18 months ago, also have their cases pending before the state Supreme Court.

Rivers Casino said that the reasoning behind the recent lawsuit is to ensure that the casino is treated equally by the Pa. Department of Revenue as other casinos. According to court documents, the plaintiff does not only want to dismiss the local tax, but it also seeks refunds of the money it has so far paid.

If it wins in court, the casino will be granted $65 million in refunds, which is the amount it paid municipality since 2009, when it first opened its doors. Pittsburgh will also lose its right to collect $10 million in taxes every year from the casino.

On the other hand, the lawsuit has already irked Mayor Bill Peduto, who noted that the plaintiffs had been aware of the tax long before getting their license. Peduto added that the casinos also knew that the tax will go to the city’s budget in return for hosting them.

The mayor pledged to fight “vigorously” in court.

The city desperately seeks to win the lawsuit as it has about $17 million blocked until a legal battle between the municipality and the Intergovernmental Cooperation Authority is settled. So if it loses the lawsuit against Rivers Casino, the implications could be statewide.

According to a recent report from the gaming control board, casinos have poured about $450 million to municipality budgets over the last 10 years.

Image Source: Flickr

Filed Under: Business Tagged With: Holdings Acquisition Co., Pittsburgh, Rivers Casino

Pages

  • About/Contact
  • AccomplishNow Sandra Rechsteiner | A Journey to Self-Acceptance
  • Privacy Policy GDPR
  • Staff
  • Terms and Conditions

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 17 other subscribers

Deadly Strike by Israel Deals Hezbollah and Iran Big Blow

January 19, 2015 By David Kellen Leave a Comment

Former FBI Special Agent Mark Padilla Shares Safety Tips

March 29, 2016 By Lonnie Davidson Leave a Comment

Mega Testing End to End Encryption Video Service

January 22, 2015 By David Kellen Leave a Comment

U.S. Embassy Offers Emergency Services Only in Yemen

January 26, 2015 By David Kellen Leave a Comment

Lawmakers Look to End Travel Restrictions to Cuba

January 29, 2015 By Lonnie Davidson Leave a Comment

Team Solves Medical Enigma of Man who Got Seizures from Sudoku

October 20, 2015 By Barbara Mast Leave a Comment

TurboTax Stops Filings Amidst Outbreak of Fraud

February 6, 2015 By Barbara Mast Leave a Comment

The hype around “Batman v Superman: Dawn of Justice” is unbelievable considering that the movie will be released in March next year.

All You Need To Know About Batman V Superman

August 31, 2015 By Adam Lynch Leave a Comment

Categories

  • Business
  • Education
  • Entertainment
  • Headlines
  • Health
  • Nature
  • Science
  • Sports
  • Technology
  • U.S.
  • Uncategorized
  • World

Copyright © 2021 lighthousenewsdaily.com

About | Contact · Staff · Terms and Conditions · Privacy Policy

This website uses cookies to ensure you get the best experience on our website. Learn more.