Michigan HB4346 removes the cap on revenue allocation to the Michigan agriculture equine industry development fund.
Michigan HB4346 amends the Michigan Gaming Control and Revenue Act to remove the cap on revenue allocation to the Michigan agriculture equine industry development fund. This change allows for more flexible funding for the development of the equine industry in Michigan. The bill specifies that the fund can receive up to 5% of the total revenue from internet gaming operators, without the previous limitation of $3,000,000.00 per fiscal year. This amendment aims to support the growth and development of the equine industry in the state.
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