United States · Bill · HR
H.R. 4592 (97th)
A bill to amend the Internal Revenue Code of 1954 to eliminate the withholding requirements with respect to gambling winnings, to provide that information returns with respect to gambling winnings shall be required only in cases of payments of 10,000 or more, and to allow a 3-year carryover of net gambling losses.
Introduced
24 September 1981
Last action
—
Status
Subcommittee Hearings Held.
Sponsors
—
Subjects
Discovery layer
Source updated
7 February 2024
Summary
Amends the Internal Revenue Code to repeal the withholding tax requirements with respect to gambling winnings. Requires information returns for gambling winnings for payment of $10,000 or more. Provides a three year carryover and carryback for net gambling losses.
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 24 September 1981
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/97th-congress/house-bill/4592
- Open data entity: https://api.congress.gov/v3/bill/97/hr/4592