Mich. Comp. Laws § 431.320a

Current through Public Act 156 of the 2024 Legislative Session

Section 431.320a - Allocation of tax

The tax imposed under section 22 on wagers processed through licensed third-party facilitators operating under this act must be allocated as follows:

(a) Ninety percent to be deposited in the Michigan agriculture and equine industry development fund created under section 20.

(b) Ten percent to the horse racing advisory commission created in section 6a to be expended as provided in section 6a(12)(d).

MCL 431.320a

Added by 2019, Act 153,s 10, eff. 12/20/2019.