TALLAHASSEE — South Florida jai alai frontons and horse and dog tracks would get a tax break on their slot machine earnings to help compete against expanding Seminole Indian casinos under a bill the Senate passed Thursday.
Broward and Miami-Dade county pari-mutuel facilities would still have to pay a minimum of $123 million in taxes. Above that level, earnings would be taxed at 35 percent instead of 50 percent rate.
"At a 50 percent tax rate they're either losing money or barely breaking even now," said Sen. Steve Geller, the bill's sponsor.
"And with additional competition from the Indians offering product that they can't, I would expect that they would close," said Geller, the Senate minority leader. "With a 35 percent tax rate they have a shot of hanging on."
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