Pennsylvania Code
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COMMONWEALTH OF PENNSYLVANIA

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61 Pa. Code § 1001.4. Calculations of credit against tax and Race Horse Improvement Daily Assessment.

§ 1001.4. Calculations of credit against tax and Race Horse Improvement Daily Assessment.

 (a)  Credit against tax. The amount of the credit must be equal to the difference between the tax calculated at the rate in effect when a license was issued to the licensed gaming entity and certificate holder and the tax calculated at the increased rate. The credit shall be applied on a dollar-for-dollar basis but may not extend beyond the 10-year period following the initial issuance of the license.

 (b)  Race Horse Improvement Daily Assessment. The amount of this assessment shall be calculated in accordance with section 1405(b) of the act (relating to Pennsylvania Race Horse Development Fund).

Source

   The provisions of this §  1001.4 amended December 31, 2010, effective January 1, 2011, 41 Pa.B. 41. Immediately preceding text appears at serial page (328799).


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