Mass. Board Wants Gaming Tax Threshold At Federal Level

Law360, New York (January 29, 2014, 7:34 PM EST) -- The Massachusetts Gaming Commission unanimously voted Wednesday to ask the state legislature to consider raising a current tax reporting threshold on casino and horse-race winnings from $600 to federal tiered thresholds.

Commissioners agreed to send lawmakers a proposal arguing that requiring gambling operators to report and withhold Massachusetts state income tax on any gambling winnings of $600 or greater would put the state's fledgling casino industry at a disadvantage to competitors in nearby states. As such, the commission is asking lawmakers to adopt the federal thresholds...
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