Michigan HB6127 modifies internet gaming tax rates and fund allocations.
Michigan HB6127 amends sections 14 and 16 of 2019 PA 152, modifying the tax rates for internet gaming operators based on their adjusted gross receipts. It also changes the allocation of funds from the internet gaming fund to various state funds, including the compulsive gaming prevention fund, the Christopher R. Slezak first responder presumed coverage fund, the Michigan strategic fund, and the state school aid fund. The bill specifies tax rates ranging from 20% to 28% depending on the operator's gross receipts and mandates annual and monthly tax payments.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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