MI HB4346

Reduces the allocation percentage from internet gaming tax revenue to the Michigan Agriculture Equine Industry Development Fund from 5% to 4%, while increasing the state general fund allocation from 65% to 66%

Raises the annual cap on equine fund deposits from $3 million to a phased increase: $9 million for fiscal year 2026, $12 million for fiscal year 2027, and $15 million for fiscal year 2028 and beyond

Amounts exceeding the annual cap continue to be redirected to the state's general internet gaming fund

Maintains the existing 30% allocation to cities where licensed casinos are located for public safety, neighborhood development, and infrastructure programs

Contains a tie bar requiring HB 4347 or Senate Bill S01712'25 to be enacted for this bill to take effect