Tax Overhaul Added to Bill Allowing More Land-Based Casinos

INDIANAPOLIS (AP): The taxes paid by Indiana's casinos to state and local governments could fall under an overhaul plan adopted by a key legislative committee.
 
The House Ways and Means Committee voted Thursday to add the tax changes to a bill that would allow Indiana's riverboat casinos to move onto land and permit live dealers for table games at the state's two horse track casinos.
 
Bill supporters say the state needs to help Indiana's casinos as they face growing competition from neighboring states.
 
Anticipated losses in state tax revenue under the changes are offset by elimination a $48 million state subsidy for local government agreements with the casinos for tax payments.
 
Ways and Means Committee Chairman Tim Brown says local governments and casinos would have through 2016 to reach new agreements.