A bill to amend the Internal Revenue Code of 1954 to clarify the exemption from political organization taxable income for proceeds from bingo and related games.

Summary

Amends the Internal Revenue Code to extend the income tax exclusion for political organizations' fund raising events to proceeds from gambling activities where the wagers are placed, the winners determined, and the prices distributed in the presence of all the players.

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

Timeline

1. 4 October 1977

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 4 October 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 October 1977

   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 · 4 October 1977

  Open at official source

Sponsors

• Rep. Brodhead, William [D-MI-17] · D · Sponsor
• Rep. Akaka, Daniel K. [D-HI-2] · D · Cosponsor
• Rep. Beard, Edward [D-RI-2] · D · Cosponsor
• Rep. Bonior, David E. [D-MI-12] · D · Cosponsor
• Rep. Carr, Bob [D-MI-6] · D · Cosponsor
• Rep. Clay, William (Bill) [D-MO-1] · D · Cosponsor
• Rep. Fary, John G. [D-IL-5] · D · Cosponsor
• Rep. Lederer, Raymond F. [D-PA-3] · D · Cosponsor
• Sen. Mikulski, Barbara A. [D-MD] · D · Cosponsor
• Rep. Pattison, Edward W. [D-NY-29] · D · Cosponsor
• Rep. St Germain, Fernand J. [D-RI-1] · D · Cosponsor
• Rep. Wilson, Charles [D-TX-2] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → An Act to amend the Internal Revenue Code of 1954 to provide that income from the conducting of certain bingo games by certain tax-exempt organizations will not be subject to tax, and for other purposes.