To establish a comprehensive regulatory and licensure regime that allows the Detroit and Michigan Indian casinos to enter the internet gambling business. Operators would have to pay $100,000 to get a license with a $50,000 application fee and a $50,000 annual renewal fee, and would be subject to a complex state and local tax regime with rates ranging from 4% to 23% on internet gambling revenue.
To establish a permissive licensure and regulatory regime on fantasy sports games and contests that offer money prizes, with games subject to specified restrictions and requirements, under rules the Michigan Gaming Control Board would promulgate. The bill establishes an initial license fee of $10,000 for would-be vendors with $5,000 annual renewal fees. The Detroit and Indian casinos could participate without this license.
To exempt a particular “data center” business that is also benefiting from state “renaissance zone” benefits and tax breaks from additional local and school personal property taxes levied on business tools and equipment. The bill would exempt the equipment owned by the company that occupied the former Steelcase “Pyramid” building in Grand Rapids from local debt millages, local special assessment levies, and some school property tax levies ("revenue enhancement" millages and "sinking fund" taxes).