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S 972 105th Congress Senate Taxation Gambling Income tax Losses Personal income tax Sports and Recreation Tax deductions

A bill to amend the Internal Revenue Code of 1986 to prohibit any deduction for gambling losses.

Introduced: June 26, 1997 Introduced by: Reed, Jack Democratic · Rhode Island See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 26, 1997
Read twice and referred to the Committee on Finance.
Jun 26, 1997
Sponsor introductory remarks on measure. (CR S6506-6507)
Jun 26, 1997
Introduced in Senate
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to prohibit a deduction for losses from wagering transactions.

What's happening now June 26, 1997

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1