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Michigan Compiled Laws, Chapter 431. Racing, Boxing and Exhibitions § 431.320a

Current as of January 01, 2025 | Updated by Findlaw Staff

Sec. 20a. The tax imposed under section 22  1 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.  2

(b) Ten percent to the horse racing advisory commission created in section 6a to be expended as provided in section 6a(12)(d). 3

1 M.C.L.A. § 431.322.
2 M.C.L.A. § 431.320.
3 M.C.L.A. § 431.306a.
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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 431. Racing, Boxing and Exhibitions § 431.320a - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-431-racing-boxing-and-exhibitions/mi-comp-laws-431-320a/

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