Bill Text: MI HB4824 | 2021-2022 | 101st Legislature | Engrossed
Bill Title: 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).
Spectrum: Bipartisan Bill
Status: (Engrossed - Dead) 2022-12-07 - Laid Over One Day Under The Rules [HB4824 Detail]
Download: Michigan-2021-HB4824-Engrossed.html
SENATE Substitute For
HOUSE BILL NO. 4824
A bill to amend 2019 PA 149, entitled
"Lawful sports betting act,"
by amending section 15 (MCL 432.415).
the people of the state of michigan enact:
Sec. 15. The tax imposed under section 14(1) must be allocated as follows:
(a) Thirty percent to the city in which the sports betting operator's casino is located, for use in connection with the following:
(i) The hiring, training, and deployment of street patrol officers in that city.
(ii) Neighborhood development programs designed to create jobs in that city with a focus on blighted neighborhoods.
(iii) Public safety programs such as emergency medical services, fire department programs, and street lighting in that city.
(iv) Anti-gang and youth development programs in that city.
(v) Other programs that are designed to contribute to the improvement of the quality of life in that city.
(vi) Relief to the taxpayers of that city from 1 or more taxes or fees imposed by that city.
(vii) The costs of capital improvements in that city.
(viii) Road repairs and improvements in that city.
(b) Sixty-five percent to this state to be deposited into the fund.
(c) Five percent to the Michigan agriculture equine industry development fund created under section 20 of the horse racing law of 1995, 1995 PA 279, MCL 431.320. However, if the 5% allocated under this subdivision to the Michigan agriculture equine industry development fund created under section 20 of the horse racing law of 1995, 1995 PA 279, MCL 431.320, exceeds $3,000,000.00 in a fiscal year, the amount in excess of $3,000,000.00 must be allocated and deposited in the fund created under section 16.be used for grants to race meeting licensees and certified horsemen's organizations under the horse racing law of 1995, 1995 PA 279, MCL 431.301 to 431.336. The total amount of the money awarded to certified horsemen's organizations must equal the amount awarded to race meeting licensees. Grants may be used for any of the following:
(a) Purses for horse races conducted by race meeting licensees.
(b) Capital improvements or debts associated with capital improvements of a racetrack where a race meeting licensee conducts its race meeting.
(c) Operational expenses of a racetrack where a race meeting licensee conducts its race meeting.
