Michigan § 431.322 License fee and tax.

Michigan Statutes

§ 431.322 — License fee and tax.

Michigan § 431.322

Ch. 431RACING, BOXING, AND EXHIBITIONS

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

This text of Michigan § 431.322 (License fee and 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 § 431.322 (2026).

Text

HORSE RACING LAW OF 1995 (EXCERPT) Act 279 of 1995 431.322 License fee and tax. Sec. 22.

(1)A licensed racetrack shall pay a license fee to the racing commissioner of $1,000.00 annually.

(2)Each holder of a race meeting license shall pay to the state treasurer, from the holder's commission, as follows:

(a)A tax in the amount of 3.5% of money wagered on interstate and intertrack simulcast races conducted at the holder's licensed race meetings.

(b)A tax in the amount of 1% of wagers processed through licensed third-party facilitators operating under this act.

(3)By eliminating the pari-mutuel wagering tax on live racing programs and altering the calculation of the tax on simulcast horse racing, it is not the intent of the legislature to diminish the funding and appropriations for the Mi

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 431.322 License fee and tax. Sec. 22. (1) A licensed racetrack shall pay a license fee to the racing commissioner of $1,000.00 annually. (2) Each holder of a race meeting license shall pay to the state treasurer, from the holder's commission, as follows: (a) A tax in the amount of 3.5% of money wagered on interstate and intertrack simulcast races conducted at the holder's licensed race meetings. (b) A tax in the amount of 1% of wagers processed through licensed third-party facilitators operating under this act. (3) By eliminating the pari-mutuel wagering tax on live racing programs and altering the calculation of the tax on simulcast horse racing, it is not the intent of the legislature to diminish the funding and appropriations for the Michigan agriculture equine industry development fund and related programs described in section 20. The pari-mutuel tax alteration effected by this section is intended to generally allow for the improvement of the pari-mutuel horse racing and breeding industry in this state by increasing purses at licensed race meetings and making additional pari-mutuel revenues available for capital improvements at licensed racetracks in this state.