A bill to amend the Internal Revenue Code of 1954 to provide that the occupational tax on wagering shall not apply in any State in which wagering is permitted by law.

openUnited States· United States Congress· EN

Introduced

17 February 1981

Last action

—

Status

Subcommittee on Taxation and Debt Management. Hearings held.

Summary

Amends the Internal Revenue Code to exempt from the excise tax on wagers and the occupational tax on persons engaged in the business of accepting wagers any wager or any such person authorized under State law (or in the case of the occupational tax, under local law as well) to accept wagers.

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Documents

1 official file

Introduced in Senate
summary · EN · 17 February 1981
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/senate-bill/483
Open data entity: https://api.congress.gov/v3/bill/97/s/483