Lawmaker wants gambling revenue to cut taxes
BOSTON -- The top Republican lawmaker in the Massachusetts Senate is hoping revenue from expanded gambling will be used to lower taxes.
Senate Minority Leader Bruce Tarr has filed an amendment to the state's latest gambling bill that could cut the state income tax rate from 5.3 percent to 5.25 percent. If the state's tax revenue grows significantly, a cut is triggered for the next calendar year.
Supporters estimate the three casinos and one slots parlor licensed under the bill could generate $300 million to $600 million in tax revenue that is spread across state agencies.
The Gloucester Republican wants those funds to be counted as general revenue to ensure they contribute to the potential cut.
The House overwhelmingly approved its gambling bill last week. The Senate is set to debate its bill Monday.
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