CASINO IN COM. REDEV'T DISTRICT - S.B. 590 (S-1): FLOOR ANALYSIS

Senate Bill 590 (Substitute S-1 as reported)

Sponsor: Senator Michael J. Bouchard

Committee: Gaming and Casino Oversight

CONTENT

The bill would amend the Commercial Redevelopment Act to provide that a facility would not include a casino. (Under the Act, a facility located in a commercial redevelopment district is exempt from the general property tax and subject to the commercial 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 207.662 - 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.