Section 432.111 - Recipient of prize exempt from state or local taxation.
TRAXLER-MCCAULEY-LAW-BOWMAN BINGO ACT (EXCERPT)
Act 382 of 1972
432.111 Recipient of prize exempt from state or local taxation.
Sec. 11.
State or local taxes of any kind shall not be imposed upon the recipient of a prize, whether merchandise or money, awarded by a licensee during an event conducted in conformity with this act.
History: 1972, Act 382, Eff. Apr. 1, 1973 ;-- Am. 1973, Act 42, Imd. Eff. July 4, 1973 ;-- Am. 1976, Act 193, Imd. Eff. July 15, 1976 ;-- Am. 1981, Act 229, Imd. Eff. Jan. 12, 1982 ;-- Am. 1999, Act 108, Eff. Mar. 10, 2000
Compiler's Notes: For transfer of the Bureau of State Lottery from the Department of Management and Budget to be an autonomous entity within the Department of Treasury, see E.R.O. No. 1991-2, compiled at MCL 12.161 of the Michigan Compiled Laws.
Popular Name: Bingo Act