North Dakota May Simplify Gambling Tax Laws
Individual states in the US have varying tax laws when it comes to organizations that offer gambling. In North Dakota, they have possibly the most confusing of all the tax laws across the country.
Lawmakers in the state are looking for ways to make it easier on charitable organizations when it comes time to pay gambling taxes. Gaming Dinision Director Keith Lauer thinks he has the solution and it comes in the form of one simple tax rate.
In other states, Lauer has told the interim Judiciary Committee, have their gambling enterprises pay one small tax on wagers. That would eliminate the need for the large amounts of paperwork that organizations in North Dakota currently have to file.
"North Dakota certainly needs an overhaul of their taxing system when it comes to their gambling revenue," said CGW Business analyst Grant Davis, "These organizzations have no idea whether they are paying the right amount of taxes because of all the hoops they have to jump through just to arrive at a figure."
The current system calls for charitable organizations in North Dakota to pay both excise taxes and a graduated tax on pull tab gambling tickets. Bingo tickets are also taxed in the same fashion.
Other states have gone to a single tax, although the rate is different depending on the state. North Dakota lawmakers could figure out what the percentages are that are being paid currently, and then come up with one base tax rate.
September 16, 2009
Posted By April Gardner
Staff Editor, CasinoGamblingWeb.com
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