The Nevada Gaming Commission turned down a casino owner’s request for a $3.1 million tax refund because there were differences about how to calculate interest. The final amount could still change as talks continue.
Gaming Commission Rejects $3.1M Casino Tax Refund Deal Over Interest Dispute
According to the Las Vegas Review-Journal, the owner of 41 casinos, including Dotty’s and Bourbon Street Sports, wants to get back over $3 million in taxes they paid too much over 32 months, starting in August 2021.
The Nevada Gaming Commission recently turned down a deal because there were disagreements about whether and how much interest should be added. The deal said that the person would have to pay back $3,120,197.28 plus $222,744.12 in interest, plus extra interest every day until they got their money back.
Ongoing Interest Could Increase $3.1M Casino Tax Refund: Final Decision Expected in September
Interest is still being added to the refund amount, so it may go up until a choice is made for sure. If the deal changes, the matter could be looked at again in September. It can be hard to handle big tax returns and make sure everyone is treated fairly.