I intend to reintroduce legislation that will direct the Commonwealth’s table game tax revenues into the Property Tax Relief Fund in order to provide additional tax relief to local property taxpayers.

The legalization of slot machine gaming was originally enacted to provide further property tax relief to the Commonwealth’s property taxpayers. However, while gaming in the state has delivered record revenue, the reduction of property taxes continues to be marginal to the average homeowner.

Therefore, this legislation that would direct all state revenues generated on table games to be deposited into the Property Tax Relief Fund to provide for further property tax reductions. This is where the tax revenue is needed, because homeowners need relief. This is especially true when our General Fund is flush with cash.
 
I invite you to join me as a co-sponsor. Last session, as SB 467, Senators COLLETT, PHILLIPS-HILL and SCHWANK joined as co-sponsors.

Statutes/Laws affected:
Printer's No. 0371: 4-13, 4-62(b)(3)