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 designated for various local initiatives, including public safety programs, neighborhood development, 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 $3,000,000 and required excess funds to be redirected has been removed.

Furthermore, the bill introduces a mechanism for financial support to the city if its total revenue from various gaming-related sources falls below $183,000,000 in a fiscal year. The state board is tasked with distributing funds to cover the shortfall, ensuring that the city's total revenue does not exceed 55% of the total tax collected under section 14. The enactment of this bill is contingent upon the passage of related legislation in the 103rd Legislature.

Statutes affected:
Substitute (H-1): 432.315
House Introduced Bill: 432.315