A bill to amend the Internal Revenue Code of 1954 to treat the conducting of certain games by tax-exempt organizations as not being an unrelated trade or business and to provide similar treatment for the conducting of such games by political organizations.

referredUnited States· United States Congress· EN

Introduced

10 July 1978

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to exempt gambling activities conducted by tax-exempt and political organizations, where the wagers are placed, the winners determined, and the prizes distributed in the presence of all the players, from treatment as unrelated business activities for purposes of the unrelated business tax.

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Votes

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 10 July 1978
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/house-bill/13405
Open data entity: https://api.congress.gov/v3/bill/95/hr/13405