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 2004 Tax Law - Public Act 306
Public Act 306 of 2004 went into effect September 1. This new tax law amends PA 69, the Michigan Gaming Control and Revenue Act and increases the wagering taxes paid by the three Detroit casinos from 18 percent to 24 percent. The wagering tax rate paid to the State of Michigan by the Detroit casinos went from 8.1% to 12.1%. The 6% is divided between the State of Michigan and the City of Detroit (two thirds of the tax (4%) is paid to the State and one third (2%) to the City of Detroit. |
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