HARRAH'S NEW ORLEANS: Panel OKs tax cut plan

Measure to reduce hotel-casino's tax burden goes before Senate today

By JEFF SIMPSON
lasvegas.com GAMING WIRE


Wednesday, March 14, 2001
Copyright © Las Vegas Review-Journal

BATON ROUGE, La. -- The bankrupt Harrah's New Orleans Casino took another step Tuesday toward remaining open when a key legislative committee approved a plan that would cut in half the property's $100 million annual tax bill.

The Louisiana Senate's Revenue and Fiscal Affairs Committee voted 5-4 to recommend that the Senate adopt the measure.

"We came out with a favorable recommendation, and I thought this would be our toughest test," said bill co-sponsor, state Sen. Ken Hollis, R-Metarie. "The momentum is on the side of keeping the casino's 3,000 jobs, and I feel as good about the bill's prospects as I've ever felt."

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