HR 427
112th Congress
House
Taxation
Business investment and capital
Computers and information technology
Gambling
Income tax deductions
To amend the Internal Revenue Code of 1986 to provide a 5-year recovery period for computer-based gambling machines.
Introduced: January 25, 2011
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 11, 2011
Ms. Berkley asked unanimous consent to be the first sponsor of H.R. 427, and to have the authority to add co-sponsors. Agreed to without objection.
Jan 25, 2011
Referred to the House Committee on Ways and Means.
Jan 25, 2011
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to classify any computer-based gambling machine, including slot machines and video lottery terminals, as five-year property for depreciation purposes.
What's happening now
Ms. Berkley asked unanimous consent to be the first sponsor of H.R. 427, and to have the authority to add co-sponsors. Agreed to without objection.
Committees of jurisdiction
1
Cosponsors
1