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United States · Bill · HR

H.R. 932 (99th)

A bill to amend the Internal Revenue Code of 1954 to revise the withholding rules applicable to certain parimutuel wagering payouts.

referredUnited States· United States Congress· EN

Introduced

4 February 1985

Last action

4 February 1985 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Schulze, Richard T. [R-PA-5], Rep. Downey, Thomas J. [D-NY-2], Rep. Smith, Lawrence [D-FL-16], Rep. Staggers, Harley O., Jr. [D-WV-2], Rep. Roth, Toby [R-WI-8], Rep. Luken, Thomas A. [D-OH-1], Rep. Dymally, Mervyn M. [D-CA-31], Rep. Holt, Marjorie S. [R-MD-4], Rep. Bentley, Helen Delich [R-MD-2], Rep. Kemp, Jack [R-NY-31], Rep. Dicks, Norman D. [D-WA-6], Rep. Lowry, Mike [D-WA-7], Rep. Murphy, Austin J. [D-PA-20], Rep. Nowak, Henry [D-NY-33], Rep. Saxton, Jim [R-NJ-3], Rep. Coelho, Anthony Lee [D-CA-15], Rep. Addabbo, Joseph P. [D-NY-6], Rep. Hoyer, Steny H. [D-MD-5], Rep. Boehlert, Sherwood [R-NY-24], Rep. Smith, Denny [R-OR-5], Rep. Mollohan, Alan B. [D-WV-1], Rep. Shaw, E. Clay, Jr. [R-FL-22]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Summary

Amends the Internal Revenue Code to increase the amount of gambling winnings which are subject to the withholding of tax. Increases such amount from $1,000 to: (1) $2,000 in 1985 and 1986; (2) $3,000 in 1987; (3) $4,000 in 1988; and (4) $5,000 in 1989 and thereafter.

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

Timeline

  1. 4 February 1985

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 4 February 1985

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 4 February 1985

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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