Slots Logic reviews and rates the world's top online slots.
Visit Casino Advisor for the best online casino reviews, news and much more.
Oklahoma legislators passed a bill that triples the state’s sales tax decal for vending and coin-op amusement equipment from $50 to $150. The price increase took effect on July 1. Currently, vending and amusement operators buy a decal at an annual flat fee for each machine on location. This cost takes the place of paying total sales volume taxes. Operator fees have remained stable since 1988. They apply to food and beverage machines, as well as jukeboxes and games.
The tax increase is estimated to raise about $6 million a year, double the present tax structure. Like many other states, Oklahoma is grappling with a $1.2 billion budget shortfall.
Many vending and amusement operators object to the raise, claiming a 300% tax increase will hurt small business, and ultimately consumers. They warn that in addition to price increases, vending operators will probably remove machines from lower-earning locations.
