CASINO IN TECHNOLOGY PARK - S.B. 588 (S-1): FLOOR ANALYSIS

Senate Bill 588 (Substitute S-1 as reported)

Sponsor: Senator Michael J. Bouchard

Committee: Gaming and Casino Oversight

CONTENT

The bill would amend the Technology Park Development Act to provide that a "facility" would not include a casino. (Under the Act, a facility located in a technology park is exempt from the general property tax and subject to the technology park facilities tax.) "Casino" would mean a casino or a parking lot, hotel, motel, or retail store owned or operated by a casino, an affiliate, or an affiliated company, regulated by the State under the Michigan Gaming Control and Revenue Act.

MCL 207.712 - Legislative Analyst: S. Margules

FISCAL IMPACT

The bill would have no fiscal impact on State or local government.

Date Completed: 6-9-97 - Fiscal Analyst: R. Ross

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This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.