Current through Register Vol. 54, No. 38, September 21, 2024
Section 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).The provisions of this §1001.4 amended December 31, 2010, effective 1/1/2011, 41 Pa.B. 41.