Loading chat...
MI SB1194
Bill
AI Summary
-
Increases internet gaming operator tax rates by 1 percentage point across all adjusted gross receipt brackets: 21% (under $4M), 23% ($4M-$8M), 25% ($8M-$10M), 27% ($10M-$12M), and 29% ($12M and above)
-
Reduces state allocation of tax revenue from 65% to 64.5% and increases Michigan agriculture equine industry development fund allocation from 5% to 5.5%
-
Adds clarifying reference to 2019 PA 149 (lawful sports betting act) in provisions governing city revenue guarantees and fund distributions
-
Maintains existing allocations: 30% to host city for public safety, infrastructure, and community development; city allocation cap remains at 55% of total state revenue
Legislative Description
Gaming: other; Internet gaming tax; modify. Amends secs. 14 & 15 of 2019 PA 152 (MCL 432.314 & 432.315).
Gaming: other
Last Action
Referred To Committee On Government Operations
12/5/2024