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MI HB4824

Bill

Official Source

Status

Engrossed

6/2/2021

Primary Sponsor

Kevin Hertel

Click for details

Origin

House of Representatives

101st Legislature

AI Summary

  • Amends the allocation of sports betting tax revenue designated for the horse racing industry under the Lawful Sports Betting Act
  • Removes the $3,000,000 annual cap on allocations to the Michigan agriculture equine industry development fund, allowing excess amounts to flow into the sports betting fund
  • Redirects the 5% allocation to provide grants to race meeting licensees and certified horsemen's organizations under the Horse Racing Law of 1995
  • Requires equal distribution of grant money between race meeting licensees and certified horsemen's organizations
  • Permits grants to be used for horse race purses, racetrack capital improvements or associated debts, and racetrack operational expenses

Legislative Description

Gaming: other; allocation of revenue under the lawful sports betting act to the Michigan agriculture equine industry development fund; remove cap. Amends sec. 15 of 2019 PA 149 (MCL 432.415).

Gaming: other

Last Action

Laid Over One Day Under The Rules

12/7/2022

Committee Referrals

Agriculture And Bioeconomy6/3/2021
Agriculture5/11/2021

Full Bill Text

No bill text available