Mich. Admin. Code R. 432.667 - Taxes and payments
Rule 667.
(1) The
internet gaming platform must be able to generate reports supporting adjusted
gross receipts, wagering liability, winnings, and any other reports considered
necessary by the board or as required by the internal controls. The reporting
must be done on a form and in the manner prescribed by the board.
(2) An internet gaming operator who fails to
remit to the board the tax or payment imposed under the act is liable for
payment of a fine, as determined by the board of up to 25% per month of the
amounts ultimately found to be due, to be recovered by the board.
Notes
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