Wright delivers tax relief for racing industry
Source: South Australia. Minister for Recreation, Sport and Racing. Media Release.
"The South Australian racing industry will benefit from millions of dollars in wagering tax reform measures after adopting recommendations contained in the Bentley Report. The initial phase of the tax reform will see $3.5 million allocated to the racing industry from July 1, 2008. This represents 50 per cent of forecast TAB tax receipts in the first year. It is estimated that total tax receipts payable to the industry will be $8.4 million annually from 2012/13."