A bill to amend the Internal Revenue Code of 1954 with respect to the collection of income tax at source on amounts awarded in State-conducted lotteries.

referredUnited States· United States Congress· EN

Introduced

5 June 1974

Last action

—

Status

Referred to Senate Committee on Finance.

Summary

Provides, under the Internal Revenue Code, for the collection of income tax at source on amounts awarded in State-conducted lotteries. States that the amount of such tax to be deducted and withheld shall be 20 percent of the prize.

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Documents

1 official file

Introduced in Senate
summary · EN · 5 June 1974
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/93rd-congress/senate-bill/3581
Open data entity: https://api.congress.gov/v3/bill/93/s/3581