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Finance asks for $4.8M for new tax lawyer, stronger enforcement section

On why Saipan casino revenue projections came so late in the fiscal year and near budget deliberations for next year, Department of Finance Secretary Larissa Larson says these revenues are “separate from the budget” and are a “special source of funding.” “So it’s different. It’s...
Posted On Aug 15 2016 06:06
, By Dennis B. Chan

$47M from casino’s FY’16 BRGT identified for appropriation

Rep. Antonio Sablan (Ind-Saipan) has authored a resolution to formalize the amount of business gross revenue taxes paid out by the Saipan casino, projected at $47 million for this fiscal year, so that these may be appropriated by the Legislature. Saipan casino law provides that...
Posted On Aug 09 2016 06:00
, By Dennis B. Chan

Demapan to Torres: Show me the casino money

House Speaker Ralph Demapan (R-Saipan) has asked Gov. Ralph DLG Torres to make official or “identify” the reported $47 million in gross revenue tax paid out by the Saipan casino for this fiscal year, so that these funds can be divvied up in appropriations by the Legislature,...
Posted On Jul 19 2016 06:06
, By Dennis B. Chan

Report: $27.85M in BGRT paid out by Saipan casino

Imperial Pacific International (CNMI) LLC has paid out $27.853 million in total business gross revenue taxes to the CNMI government since it opened its casino in the T-Galleria mall last July, according to the Commonwealth Casino Commission in a July 6 report to the House of...
Posted On Jul 14 2016 06:00
, By Dennis B. Chan
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