Delaware lawmakers have decided to set aside a bill seeking to slash state casino taxes in order to give them a clearer picture of how much revenue the state will lose if the bill is approved.
Delaware Public Media reported that the state Senate Finance Committee has decided to defer discussions on Senate Bill 144 after striking a compromise with Gov. John Carney to wait for the corporate franchise and personal income taxes results before moving forward with the legislation.
Delaware Finance Secretary Rick Geisenberger assured lawmakers that the Carney administration was open to changing the state’s tax structure on the condition that the governor wanted to know its exact cost to the state.
Geisenberger believes that the state stands to lose more than $20 million if Senate Bill (SB) 144 is enacted.