A threat that would start a potential lawsuit has been dropped by Atlantic
City's Golden Nugget casino. The casino would have sued over the proposed tax
relief bill that was designed to help the city's eight casinos.
State Senate President Steve Sweeney introduced the bill.
Under the new bill the Golden Nugget would pay $8.1 million in taxes. Opposed to
the current $4.7 million.
However, the bill was designed to assist casinos that are billed higher tax
amounts to make payments.
The bill would credit the overage amount into the reinvestment tax account that
the casino owes for five years.
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