Michigan § 432.415 - Allocation of tax.
Full text of Michigan Michigan Compiled Laws § 432.415 — Allocation of tax., with citation guidance and answers to common questions.
§ 432.415. Allocation of tax.
The tax imposed under section 14(1) must be allocated as follows:
(a) Thirty percent to the city in which the sports betting operator's casino is located, for use in connection with the following:
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(b) Sixty-five percent to this state to be deposited into the fund.
(c) Five percent to the Michigan agriculture equine industry development fund created under section 20 of the horse racing law of 1995, 1995 PA 279, MCL 431.320. However, if the 5% allocated under this subdivision to the Michigan agriculture equine industry development fund created under section 20 of the horse racing law of 1995, 1995 PA 279, MCL 431.320, exceeds $3,000,000.00 in a fiscal year, the amount in excess of $3,000,000.00 must be allocated and deposited in the fund created under section 16.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 432.415
What does Michigan Compiled Laws § 432.415 cover?
Section 432.415 ("Allocation of 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 § 432.415?
A common citation format is "Michigan Compiled Laws § 432.415" (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 § 432.415 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.