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MI SB1194

Bill

Status

Introduced

12/5/2024

Primary Sponsor

Jeremy Moss

Click for details

Origin

Senate

102nd Legislature

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

Committee Referrals

Government Operations12/5/2024

Full Bill Text

No bill text available