HOUSE BILL No. 5778 April 23, 1998, Introduced by Reps. Stallworth, Kilpatrick, Hale and Thomas and referred to the Committee on Appropriations. A bill to amend the Initiated Law of 1996, entitled "Michigan gaming control and revenue act," by amending section 12 (MCL 432.212). THE PEOPLE OF THE STATE OF MICHIGAN ENACT: 1Section 12. Wagering Tax; Rate; Distribution.2 SEC. 12. (1)(a)A wagering tax is imposed on the gross 3 revenue received by the licensee from gaming authorized under 4 this act at the rate of 18%. 5 (2)(b)THE CASINO GAMING FUND IS CREATED WITHIN THE 6 DEPARTMENT OF TREASURY. The wagering tax plus all other fees, 7 fines, and charges IMPOSED UNDER THIS ACT shall be deposited into 8 the state casino gaming fund.in the department of treasury.9SuchTHE WAGERING tax is to be remitted daily by the holder of a 10 casino license to the department of treasury by electronic wire 11 transfer of funds. All of the ordinary, necessary and reasonable 01105'97 VPW 2 1 expenses of operating the board shall be deducted from the fund. 2 The fund shall be distributed periodically in accordance with 3the provisions ofthis act pursuant to a schedule and methodol- 4 ogywhich shall be mutually agreeableTHAT HAS BEEN AGREED to 5 BY the department of treasury and the city IN WHICH THE CASINO IS 6 LOCATED. 7 (3)(c)The state casino gaming fund shall be allocated as 8 follows: 9 (A)(1)55% to the city in whichaTHE casino is located 10 foruse in connection withALL OF the following: 11 (i)theTHE hiring, training, and deployment of street 12 patrol officers.;13 (ii)neighborhoodNEIGHBORHOOD and downtown economic 14 development programs designed to create local jobs.;15 (iii)publicPUBLIC safety programssuch asINCLUDING, 16 BUT NOT LIMITED TO, emergency medical services, fire department 17 programs, and street lighting.;18 (iv)antigangANTIGANG and youth development programs.;19and20 (v)otherOTHER programswhichTHAT are designed to con- 21 tribute to the improvement of the quality of life in the city. 22 (B)(2) 45%25% to the state to be deposited in theState23School Aid FundSTATE SCHOOL AID FUND to provide additional 24 funds for K-12 classroom education. 25 (C) 20% TO THE STATE TO BE DEPOSITED IN THE STATE SCHOOL AID 26 FUND TO BE USED EXCLUSIVELY TO ENABLE SCHOOL DISTRICTS TO DEVELOP 27 OR EXPAND, IN CONJUNCTION WITH WHATEVER FEDERAL FUNDS MAY BE 01105'97 3 1 AVAILABLE UNDER THE HEAD START ACT, SUBCHAPTER B OF CHAPTER 8 OF 2 SUBTITLE A OF TITLE VI OF THE OMNIBUS BUDGET RECONCILIATION ACT 3 OF 1981, PUBLIC LAW 97-35, 42 U.S.C. 9831 TO 9835, 9836 TO 9844, 4 9846, AND 9848 TO 9852a, COMPREHENSIVE COMPENSATORY PROGRAMS 5 DESIGNED TO IMPROVE THE READINESS AND SUBSEQUENT ACHIEVEMENT OF 6 EDUCATIONALLY DISADVANTAGED CHILDREN WHO HAVE BEEN RESIDENTS OF 7 THIS STATE FOR AT LEAST 2 YEARS. 8 (4)(d)Funds from this act shall not be used to supplant 9 existing state appropriations or local expenditures. 01105'97 Final page. VPW