Iowa was looking to increase tax revenues

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Iowa was looking to increase tax revenues. Racetrack and riverboat gambling establishments were subject to a maximum tax rate of 12 percent until the Iowa legislature passed a law last year that raises the allowable maximum tax rate on racetrack gambling to 42 percent. Racetrack gambling establishments assert that the new statute violates their equal protection rights. Are they correct? Why?

Reference no: EM131684193

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