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| TAX OUTLINE |
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| TAX DESCRIPTIONS |
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| HORSE RACE WAGERING |
LEGAL CITATION: |
M.C.L. 431.301-431.336; 1995 PA 279. |
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| YEAR ADOPTED: |
1933 |
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| BASIS OF TAX: |
Privilege of engaging in interstate and inter-track horse race simulcast wagering. |
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| MEASURE OF TAX (BASE): |
Amounts wagered by pari-mutuel methods on interstate and inter-track simulcasts of thoroughbred, standardbred, quarter horse, Appaloosa, American pain horse, and Arabian horse racing. |
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| RATE: |
3.5%. |
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| ADMINISTRATION: |
Michigan Department of Agriculture, Racing Commissioner. |
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| REPORT AND PAYMENT: |
Licensee makes daily remittance with detailed statement. |
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| DISPOSITION: |
Michigan Agriculture Equine Industry Development Fund. |
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| 2004-05 COLLECTIONS: |
$10,912,000 |
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| Horse Race Wagering Tax Law Changes |
Last Updated December 29, 2006
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