HR 932
99th Congress
House
Taxation
Gambling
Gambling and Lotteries
Income tax
Withholding tax
A bill to amend the Internal Revenue Code of 1954 to revise the withholding rules applicable to certain parimutuel wagering payouts.
Introduced: February 4, 1985
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 4, 1985
Referred to House Committee on Ways and Means.
Feb 4, 1985
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to increase the amount of gambling winnings which are subject to the withholding of tax. Increases such amount from $1,000 to: (1) $2,000 in 1985 and 1986; (2) $3,000 in 1987; (3) $4,000 in 1988; and (4) $5,000 in 1989 and thereafter.
What's happening now
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1