SCHENECTADY — New York’s 4 state-licensed casinos may search a tax break this 12 months however to take action they must show they’re struggling financially. And a marketing consultant employed by the state believes they need to have to elucidate what the on line casino operators would use the tax financial savings for.
The proposal for potential on line casino tax breaks is tucked deep in Gov. Andrew Cuomo’s 2021-22 price range plan. It requires letting the speed fall to as little as 25 p.c for slot machine income – if casinos can clarify their monetary stability with out the break and supply “an entire examination of all monetary projections.”