United States · Bill · HR
H.R. 5048 (102nd)
To amend the Internal Revenue Code of 1986 to provide the same amount of exemption from income tax withholding for all gambling winnings subject to withholding.
Introduced
30 April 1992
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
7 February 2024
Summary
Amends the Internal Revenue Code to increase from $1,000 to $5,000 the amount of proceeds from certain gambling that is exempt from income tax withholding. (Currently, only proceeds from State-conducted lotteries are exempt up to such amount.)
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
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Votes
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Versions
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Documents
2 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN
Introduced in House
summary · EN · 30 April 1992
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/102nd-congress/house-bill/5048
- Open data entity: https://api.congress.gov/v3/bill/102/hr/5048