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Iowa gambles $112 Million on Favorable U.S. Supreme Court Ruling.
Pointblank ^ | 1/29/2003 | Peter Caldbeck

Posted on 01/30/2003 6:15:01 AM PST by pechuna

Following an announcement by the U.S. Supreme Court that it would review last year's decision by the Iowa Supreme Court to declare the state's racetrack casino tax unconstitutional, Rants was ecstatic. The move was unexpected. A shot in the dark, really, by Iowa Attorney General Tom Miller to have the court consider the case regarding $112 million in tax refunds and interest that state officials have been ordered to pay to tracks in Altoona, Council Bluffs and Dubuque, plus $35 million annually in future state taxes. Iowa, flat broke, had lost millions on the state's original edict. This was a possible reprieve.

(Excerpt) Read more at pointblank-dm.com ...


TOPICS: US: Iowa
KEYWORDS: gambling; horseracing; slots; tablegames; taxes
Gambling is gambling. All casinos should be taxed the same.
1 posted on 01/30/2003 6:15:03 AM PST by pechuna
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To: pechuna
I wouldn't bet much on Tom Miller's chances.
2 posted on 01/30/2003 7:03:13 AM PST by Eric in the Ozarks
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