Greenetrack Fighting State's Attempt to Collect $75 Million
By
WNCF Staff
Story Created:
Aug 10, 2011 at 10:49 AM CDT
Story Updated:
Aug 10, 2011
Greenetrack is fighting a $75 million dollar tax bill from the state.
In court papers, it says the assessment far exceeds the track's assets.
The Greyhound Park filed court papers in a Greene County Circuit Court appealing the Alabama Revenue Department's attempt to collect $61.8 million dollars in taxes and $13.7 million in interest for sales taxes not paid between 2004 and 2008.
The track says state law prohibits levying sales tax on the machine's gross receipts.
A circuit court judge scheduled a status conference on August 25th.
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