A bill to amend the Internal Revenue Code of 1954 to provide that net legal wagering gains shall not be included in gross income.

Summary

Amends the Internal Revenue Code to exclude from gross income the net legal wagering gains of a taxpayer who is not engaged in the trade or business of placing wagers. Sets forth the method of calculating net legal wagering gains.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 18 April 1985

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 18 April 1985

   Introduced

   Introduced in House

   Source: IntroReferral

3. 18 April 1985

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 18 April 1985

  Open at official source

Sponsors

• Rep. Vucanovich, Barbara F. [R-NV-2] · R · Sponsor
• Sen. Reid, Harry [D-NV] · D · Sponsor
• · hswm00 · Standing

Related records

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