Michigan § 431.322 - License fee and tax.
Full text of Michigan Michigan Compiled Laws § 431.322 — License fee and tax., with citation guidance and answers to common questions.
§ 431.322. License fee and tax.
(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.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 431.322
What does Michigan Compiled Laws § 431.322 cover?
Section 431.322 ("License fee and tax.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 431.322?
A common citation format is "Michigan Compiled Laws § 431.322" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 431.322 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.