Michigan HB6127 modifies internet gaming fund expenditures and tax rates for internet gaming operators.

Michigan HB6127 amends sections 14 and 16 of 2019 PA 152, affecting internet gaming operators. It adjusts the graduated tax rates on adjusted gross receipts for internet gaming operators, with rates ranging from 20% to 28%. The bill also modifies the allocation of funds from the internet gaming fund, including annual distributions to the Michigan strategic fund, the compulsive gaming prevention fund, and the Christopher R. Slezak first responder presumed coverage fund. The remaining funds are to be deposited into the state school aid fund.

Michigan HB6127 modifies internet gaming fund expenditures and tax rates for internet gaming operators.

Michigan HB6127 amends sections 14 and 16 of 2019 PA 152, affecting internet gaming operators. It adjusts the graduated tax rates on adjusted gross receipts for internet gaming operators, with rates ranging from 20% to 28%. The bill also modifies the allocation of funds from the internet gaming fund, including annual distributions to the Michigan strategic fund, the compulsive gaming prevention fund, and the Christopher R. Slezak first responder presumed coverage fund. The remaining funds are to be deposited into the state school aid fund.