Las Vegas Sun

November 21, 2014

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Gaming industry opposes tax provision

Possible stumbling block to a budget deal emerges, Sun columnist Jon Ralston reports:

Gaming lobbyists just filed out of Assembly Speaker Barbara Buckley's office, offering their opposition to a bill that would close a tax loophole, a loophole that has benefited casinos and is known as the food comp tax break.

The food comp tax break allows casinos to "comp" or offer a meal free, and they don't have to pay sales taxes on those meals. The Legislature wants to force casinos to start paying sales taxes on the meals.

Closing the tax loophole saves the state a bundle, but casinos are obviously opposed.

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