To amend the Internal Revenue Code of 1986 to repeal chapter 35 (relating to taxes on wagering).

Bill: 116-hr-7790
Sponsor: full_name: Rep. Titus, Dina [D-NV-1]
Introduced: 2020-07-24
Policy area: Taxation
Subjects: Gambling

Sales and excise taxes
Latest action: action_date: 2020-07-24
text: Referred to the Subcommittee on Select Revenue Measures.

Summaries:
action_date: 2020-07-24
action_desc: Introduced in House
text: <p>This bill repeals the excise tax on wagering. </p>

tv_txt: I 116th CONGRESS 2d Session H. R. 7790 IN THE HOUSE OF REPRESENTATIVES July 24, 2020 Ms. Titus (for herself and Mr. Reschenthaler ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to repeal chapter 35 (relating to taxes on wagering).

1. Repeal (a) In general Chapter 35 of subtitle D of the Internal Revenue Code of 1986 is repealed. (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2019.