Cash wagers wouldn’t be taxed, casino foes say
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Columbus Dispatch: Ohio's four proposed casinos would hand over one-third of their revenue to counties, school districts and other units of government as taxes, a number that opponents say is too low. But the fine print of the casino proposal hides a number that's even lower -- 0 percent, opponents charged yesterday.
Their argument rests on language in the constitutional amendment that voters will consider in November to allow casinos in Columbus, Toledo, Cincinnati and Cleveland. The amendment would impose a 33 percent tax on "gross casino revenue," which is defined as the amount of money "exchanged for the purchase of chips, tokens, tickets, electronic cards or similar objects" minus total winnings. But what about cash that's not exchanged for anything: simply fed into a gambling device as bills or coins? That would be exempt from taxation, say leaders of TruthPAC, which is leading the campaign to defeat the casino proposal, Issue 3 on the November statewide ballot. At a news conference yesterday, TruthPAC spokeswoman Sandy Theis called the cash exemption a "gaping loophole in the proposal." Backers of Issue 3 say counties and other units of government would receive $651 million a year in casino taxes. The issue has the support of the Ohio Fraternal Order of Police, the state's largest police union.
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