HR 6937
117th Congress
House
Taxation
To amend the Internal Revenue Code of 1986 to increase the information reporting threshold for slot winnings.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 3, 2022
Referred to the House Committee on Ways and Means.
Mar 3, 2022
Introduced in House
Plain-English summary
This bill provides that no tax information return for winnings from one slot machine play shall be required unless the winnings are at least $5,000 (without reduction for the amount wagered). This threshold amount is adjusted for inflation for calendar years beginning after 2023.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1