In revenues relating to gaming, providing for revenue from expansion of gaming.
Impact
The enactment of SB 417 would directly affect how revenue from gaming expansions is managed and utilized within the state. By mandating that these funds go to the Property Tax Relief Fund, the bill positions gaming as a contributor to local tax relief efforts, potentially easing financial burdens on property owners and promoting fairness in tax contributions. The allocation could also influence future decisions regarding gaming expansions in the state by tying financial benefits to community support initiatives.
Summary
Senate Bill 417 proposes an amendment to Title 4 of the Pennsylvania Consolidated Statutes, specifically addressing revenues related to the expansion of gaming. The key provision of the bill states that any revenue generated from new gaming expansions in Pennsylvania will be allocated to the Property Tax Relief Fund. This initiative aims to create a dedicated funding source to support property tax relief through additional tax revenues derived from gaming activities.
Sentiment
The sentiment surrounding SB 417 seems generally supportive among proponents of gaming expansion, who argue that it presents a positive opportunity for creating additional resources for property tax relief. Supporters highlight the potential for improved funding for local governments, enhancing their ability to address property tax concerns. However, discussions may emerge from stakeholders concerned about the implications of more gaming activities in Pennsylvania, such as social impacts and public health considerations.
Contention
Notable points of contention around SB 417 may arise primarily from differing perspectives on gaming expansion in Pennsylvania. Critics may argue that while the intent to provide property tax relief is commendable, increasing the state's reliance on gaming revenue might lead to gambling-related issues and could inadvertently exacerbate economic inequalities. Furthermore, discussions may touch upon how effectively the funds will be administered and the potential need for oversight to ensure that the intended benefits are distributed fairly to property taxpayers.
In revenues, further providing for establishment of State Gaming Fund and net slot machine revenue distribution; adding provisions relating to local gaming terminals by providing for general provisions, for application and licensure, for operation, for enforcement and for revenue; imposing the local gaming terminal tax; establishing the Local Gaming Fund; providing for ethics; in riot, disorderly conduct and related offenses, further providing for the offense of gambling devices, gambling, etc.; in Commonwealth services, establishing the Pennsylvania Emergency Management Programs Fund; prescribing penalties; and making appropriations.