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Article: GOV. BALDACCI ISSUES EXECUTIVE ORDER AN ORDER ESTABLISHING THE COMMITTEE TO REVIEW THE TAXATION OF SLOT MACHINE REVENUES
- Article from:
- US Fed News Service, Including US State News
- Article date:
- June 1, 2007
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Gov. John Baldacci, D-Maine, issued the following executive order:
WHEREAS, in 2003 the citizens of Maine approved the construction of a slot machine facility in Bangor, Maine; and
WHEREAS, during the months that followed, the State developed a regulatory framework for slot machine operators under which any operator must pay a 1% tax on gross slot machine revenue and a 39% tax on net slot machine revenue; and
WHEREAS, in reliance on the statutory framework described above, a slot machine operator was licensed by the State in 2005 and opened a temporary, 475 slot machine facility in accordance with State law; and
WHEREAS, the slot machine operator has invested over $70 million in the State ...