Michigan § 431.320a Allocation of tax.

Michigan Statutes

§ 431.320a — Allocation of tax.

Michigan § 431.320a

Ch. 431RACING, BOXING, AND EXHIBITIONS

Act 279 of 1995HORSE RACING LAW OF 1995 (431.301-431.336)

This text of Michigan § 431.320a (Allocation of tax.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 431.320a (2026).

Text

HORSE RACING LAW OF 1995 (EXCERPT) Act 279 of 1995 431.320a Allocation of tax. Sec. 20a. The tax imposed under section 22 on wagers processed through licensed third-party facilitators operating under this act must be allocated as follows:

(a)Ninety percent to be deposited in the Michigan agriculture and equine industry development fund created under section 20.

(b)Ten percent to the horse racing advisory commission created in section 6a to be expended as provided in section 6a(12)(d).

Free access — add to your briefcase to read the full text and ask questions with AI

HORSE RACING LAW OF 1995 (EXCERPT) Act 279 of 1995 431.320a Allocation of tax. Sec. 20a. The tax imposed under section 22 on wagers processed through licensed third-party facilitators operating under this act must be allocated as follows: (a) Ninety percent to be deposited in the Michigan agriculture and equine industry development fund created under section 20. (b) Ten percent to the horse racing advisory commission created in section 6a to be expended as provided in section 6a(12)(d).