National Lottery Act of 1986

Summary

National Lottery Act of 1986 - Establishes the National Lottery Commission to operate a monthly national lottery. Establishes the National Lottery Trust Fund from which at least 50 percent of expenditures shall be used to reduce the Federal debt. Requires that the remaining funds be used for lottery prizes, administrative expenses, State sales taxes, and programs under the jurisdiction of the Secretary of Health and Human Services. Establishes criminal provisions regarding the national lottery. Authorizes the mailing of national lottery tickets. Provides that this Act preempts State law. Exempts national lottery prizes from Federal income tax.

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

Timeline

1. 29 July 1986

   Introduced

   Referred to House Committee on The Judiciary.

   Source: IntroReferral

2. 29 July 1986

   Introduced

   Introduced in House

   Source: IntroReferral

3. 29 July 1986

   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 · 29 July 1986

  Open at official source

Sponsors

• Rep. Carney, William [R-NY-1] · R · Sponsor
• · hswm00 · Standing
• · hspo00 · Standing
• · hsju00 · Standing

Related records

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