Iowa Supreme Court

News, Articles, Videos and other content about Iowa Supreme Court

Ruling Worth $17M to Prairie Meadows in 2002

  • News

Prairie Meadows stands to save $17 million in gaming tax payments this year and $23 million by 2004 after the Iowa Supreme Court ruled June 12 that it was unconstitutional to charge a higher tax rate for slot machines at racetracks than those on riverboats.

Iowa Court: Racetrack Casino Tax Isn't Equitable

The pari-mutuel industry in Iowa got a major boost June 12 when state Supreme Court justices ruled they could "find no rational reason for treating racetrack slot machines differently than riverboat slot machines." Racetracks currently pay a 32% tax, while the riverboats pay 20%.

Most Popular Stories