Parx Casino owner loses over USD 1 M in overpaid taxes

A Commonwealth Court panel ruled Monday that Greenwood Gaming and Entertainment, the firm that operates the Parx Casino and Racetrack in Bensalem, won’t be able to recover a sum amounting to $1,122,654 that it had claimed it overpaid

The dispute involved a matter of months, Penn Live reports. At issue, Judge P. Kevin Brobson noted in the state court’s opinion, was the timing of the request from Greenwood Gaming and Entertainment.

On June 18, 2014, Greenwood filed a request to recoup $1,122,654 it claimed it overpaid in taxes on its slot machine revenue for the period of Jan.1, 2009 to Jan. 4, 2011. It sought not a refund, but a credit for that amount against its future state taxes.

The problem, Brobson found, is that the request came more than six months too late.

There is a three-year deadline for filing such requests after the taxes in question have been paid, Brobson noted, so Greenwood had only until January 2014 to filed its request.

His court rejected Greenwood’s argument that the three-year deadline didn’t apply because Greenwood was seeking a tax credit, not a refund of the overpayment. That deadline applies to both refunds and credit requests, Brobson found.