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Michigan Senate Approves Casino Tax Hike

CHICAGO, Illinois – As reported by Reuters: "The Michigan Senate on Tuesday passed a new version of a bill to hike taxes on Detroit casinos that would increase the tax rate to 24 percent from the current 18 percent.

"The bill passed the Republican-controlled chamber in a 29-7 vote, according to Bill Nowling, spokesman for Senate Majority Leader Ken Sikkema. The measure passed by one vote as a super-majority vote was needed to amend a voter-approved law.

"Legislation passed by the Republican-controlled House in May would double the tax rate to 36 percent to raise about $180 million a year for the state…"

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