The bill amends the Lawful Internet Gaming Act by modifying the allocation of taxes imposed under section 14. It specifies that 30% of the tax revenue will be directed to the city where the internet gaming operator's casino is located, with funds earmarked for various local initiatives, including hiring street patrol officers, neighborhood development programs, public safety enhancements, anti-gang initiatives, and taxpayer relief. Additionally, 65% of the tax revenue will be allocated to the state, while 5% will go to the Michigan agriculture equine industry development fund. The previous provision that capped the allocation to the equine fund at $3 million has been removed.

Furthermore, the bill introduces a mechanism for ensuring that the city receives a minimum amount of funding. If the total funds received by the city from various sources, including the new allocations and existing development agreements, fall below $183 million, the board will distribute the difference from the fund to the city. The bill also clarifies that certain payments will not be included in the calculations for this minimum funding requirement. The enactment of this bill is contingent upon the passage of related legislation.

Statutes affected:
House Introduced Bill: 432.315