Discriminatory Gaming Tax Repeal Act of 2023

Bill: 118-hr-1661
Sponsor: full_name: Rep. Titus, Dina [D-NV-1]
Introduced: 2023-03-17
Policy area: Taxation
Latest action: action_date: 2023-03-17
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2023-03-17
action_desc: Introduced in House
text: <p><strong>Discriminatory Gaming Tax Repeal Act of 2023</strong></p> <p>This bill repeals the excise tax on wagering. The term <em>wager</em> includes bets on a sporting event or contest that is conducted for profit and a lottery conducted for profit.</p>

tv_txt: I 118th CONGRESS 1st Session H. R. 1661 IN THE HOUSE OF REPRESENTATIVES March 17, 2023 Ms. Titus (for herself, Mr. Reschenthaler , Mr. Amodei , and Mr. Horsford ) 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 the excise taxes on wagering.

1. Short title This Act may be cited as the Discriminatory Gaming Tax Repeal Act of 2023 . 2. Repeal of excise taxes on wagering (a) In general Chapter 35 of the Internal Revenue Code of 1986 (relating to taxes on wagering) is repealed. (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2022.