Attempt to Increase Ohio Mutuel Tax Appears Doomed, Daily Racing Form, 1955-06-06

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Attempt to Increase Ohio Mutuel Tax Appears Doomed COLUMBUS, Ohio, June 4.— An attempt to increase the state tax on pari-mutue] wagering appeared doomed today in view of the Legislatures decision to quit June 23. The bill, introduced by Rep. Ed Wallace, Circleville .Democrat, and recommended by Gov. Frank J. Lausche, is now before the House Taxation Committee. Sideliners believe it could not be hurried through the regular processes in time to beat the June 23 deadline. Wallace claims the measure would mean ,000,000 annually in additional taxes for the state. The bill, also would ear-mark all unclaimed mutuel winnings for the state treasury. These are estimated to total 50,000 annually. At present, they go to the individual tracks. At a recent public hearing, harness race interests spoke against the bill as did Ralph A. Parachek, president of the Toledo Turf Club. Parachek told the House Taxation Committee that the Fort Miami track would be unable to operate if the state taxes were increased as advocated in the Wallace bill.


Persistent Link: https://drf.uky.edu/catalog/1950s/drf1955060601/drf1955060601_7_5
Local Identifier: drf1955060601_7_5
Library of Congress Record: https://lccn.loc.gov/unk82075800