US casino’s bid to recoup $1.1m in overpaid taxes denied

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The casino operator claimed it had overpaid taxes on slot device earnings for a interval of two yrs.

US.- The Pennsylvania point out Supreme Court has turned down a bid from Greenwood Gaming and Enjoyment to recuperate $1.1 million in overpaid taxes.

The on line casino operator claimed it experienced overpaid taxes on slot device income for a time period from January 1 2009 till January 4 2011.

Greenwood asked for credit for the total overpaid, instead than a refund.

But the Pennsylvania Supreme Court docket upheld a lessen courtroom ruling from 2019, which discovered that the ask for for a tax rebate had arrive six months too late.

The company’s ask for was submitted in June 2014 but there is a 3-yr restrict for refund requests after the date in which the payment was manufactured.

Greenwood’s legal professionals argued that the organization had missed the deadline mainly because it was implementing for credit rating rather than a refund.

The condition of Pennsylvania has shed out a enormous amount of money of tax profits from casino operators as a outcome of the novel coronavirus outbreak.

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