SB-1155 Summary

• Amends Section 28 of the 1941 Revenue Collection Act to add disclosure provisions for certain tax and financial information under the Michigan Strategic Fund Act and Michigan gaming operations.

• Allows disclosure of information required for Michigan Strategic Fund Act reports for programs with new written agreements entered after the bill's effective date, while maintaining existing confidentiality restrictions.

• Permits disclosure of adjusted gross receipts and wagering tax paid by casino licensees licensed under the Michigan Gaming Control and Revenue Act pursuant to specific management and budget act sections or authorization by the gaming control board executive director.

• Establishes penalties for unauthorized disclosure of tax information, including felony charges of up to $5,000 in fines and 5 years imprisonment for violations, with mandatory dismissal for state employees convicted of such violations.

• Makes the bill conditional on the enactment of Senate Bill 1153 of the 98th Legislature.