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West Virginia tracks tax may rise

CHARLESTON, West Virginia – As reported by the Wheeling Intelligencer: " — West Virginia's racetracks would pay an additional 1 percent of net profits for the privilege of offering table gambling under legislation passed Thursday out of the Senate Finance Committee.

"The tax rate would be raised from 35 to 36 percent under an amendment proposed by state Sen. Vic Sprouse, R-Kanawha. The additional money would be used for the gradual reduction of limited video lottery machines in West Virginia communities — not those already at racetracks.

"The table gambling legislation, House Bill 2718, passed the Finance Committee by a 10-6 vote Thursday. The measure gets its first reading before the entire Senate today, with a second reading and amendments scheduled for Monday and a vote on the bill set for Tuesday.

"The Senate's version of the table gambling bill is significantly different than that earlier passed by the House. If the full Senate passes the legislation, the House would next have to vote to concur with the changes before the measure is final…"

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