A bill to amend the Internal Revenue Code of 1954 to simplify certain requirements regarding withholding and reporting at the source and to correct inequities regarding carryover of losses.

referredUnited States· United States Congress· EN

Introduced

18 April 1985

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to repeal the withholding tax requirements with respect to gambling winnings. Requires information returns for gambling winnings only for payments of $10,000 or more. Provides a three-year carryover and carryback for net gambling losses.

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Votes

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 18 April 1985
Open at official source

Related records

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Sources

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Official source: https://www.congress.gov/bill/99th-congress/house-bill/2138
Open data entity: https://api.congress.gov/v3/bill/99/hr/2138