{"id":2481924,"date":"2026-06-30T14:44:13","date_gmt":"2026-06-30T14:44:13","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2481924"},"modified":"2026-06-30T14:44:13","modified_gmt":"2026-06-30T14:44:13","slug":"penn-entertainment-sheds-indiana-bid-to-boost-income-tax-base","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/penn-entertainment-sheds-indiana-bid-to-boost-income-tax-base\/","title":{"rendered":"PENN Entertainment Sheds Indiana Bid to Boost Income Tax Base"},"content":{"rendered":"<p><\/p>\n<div>\n<p><bw-company data-stock-symbol=\"PENN\" class=\"company\" data-name=\"Penn National Gaming Inc\" data-urn=\"urn:blp:company:US:PENN\">Penn Entertainment Inc.<\/bw-company> convinced the Indiana Supreme Court to allow the casino operator to exclude unapportioned wagering taxes it paid to other states from its in-state income tax base.<\/p>\n<p>When calculating adjusted gross income, Indiana\u2019s add-back provision requires businesses in the state to add back deductions allowed by federal law for taxes paid to other states that are \u201cbased on or measured by income.\u201d Penn <a rel=\"nofollow\" target=\"_blank\" data-terminal-id=\"SEBJCWDWLU68\" href=\"https:\/\/news.bloombergtax.com\/daily-tax-report-state\/penn-casino-cost-ask-indiana-justices-to-eye-income-tax-case\">asked<\/a> the justices to reverse a 2024 state tax court <a rel=\"nofollow\" target=\"_blank\" data-terminal-id=\"S9N18ADWRGG0\" href=\"https:\/\/news.bloombergtax.com\/daily-tax-report-state\/penn-casinos-indiana-income-upped-by-taxes-paid-to-other-states\">ruling<\/a> that nearly $2 billion in gambling taxes the company paid to 10 other states fall under the provision.<\/p>\n<p>The justices agreed, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/aboutbtax.com\/bl9z\">holding<\/a> that the &#8230;<\/p>\n<\/div>\n<p><em> \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n<p><em> \u2018 Some details of this article were extracted from the following source news.bloombergtax.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Penn Entertainment Inc. convinced the Indiana Supreme Court to allow the casino operator to exclude unapportioned wagering taxes it paid to other states from its in-state income tax base. When calculating adjusted gross income, Indiana\u2019s add-back provision requires businesses in the state to add back deductions allowed by federal law for taxes paid to other [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2481925,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[488609,488608,488612,488610,488611,488613],"class_list":["post-2481924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-corporate-income-tax","tag-exemption-from-tax","tag-federal-tax","tag-payment-of-tax","tag-state-tax","tag-state-tax-addback"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/06\/PENN-Entertainment-Sheds-Indiana-Bid-to-Boost-Income-Tax-Base.com2F682F7f2F2b7b5e4a48de996e6.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2481924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2481924"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2481924\/revisions"}],"predecessor-version":[{"id":2481926,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2481924\/revisions\/2481926"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2481925"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2481924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2481924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2481924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}