Albany leaders are wading into the tax fight between state regulators and New York City’s brand-new casino — not to resolve it, but to protect the state’s horseracing industry while the dispute plays out.
Resorts World, which in April became the first downstate casino to open its doors, has been locked in a disagreement with the state Gaming Commission over whether it needs to pay upward of $150 million a year to the state’s horseracing industry on top of its regular taxes. On Monday, state Senate and Assembly leaders introduced a bill that would not determine who ultimately owes the money, but is meant to protect racetracks against any potential loss of funding.
