Bill
Bill > HR6937
US HR6937
US HR6937To amend the Internal Revenue Code of 1986 to increase the information reporting threshold for slot winnings.
summary
Introduced
03/03/2022
03/03/2022
In Committee
03/03/2022
03/03/2022
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to increase the information reporting threshold for slot winnings.
AI Summary
This bill amends the Internal Revenue Code to increase the information reporting threshold for slot machine winnings. Specifically, it establishes that no tax return is required for slot machine winnings of less than $5,000 per play (without deducting the amount wagered). This threshold will be adjusted for inflation starting in 2023. The amendment applies to payments made after December 31, 2022.
Committee Categories
Budget and Finance
Sponsors (18)
Dina Titus (D)*,
Mark Amodei (R),
Anthony Brown (D),
Tom Cole (R),
Rodney Davis (R),
Brian Fitzpatrick (R),
Ruben Gallego (D),
Steven Horsford (D),
Mike Kelly (R),
Darin LaHood (R),
Doug LaMalfa (R),
Markwayne Mullin (R),
Jay Obernolte (R),
Guy Reschenthaler (R),
David Schweikert (R),
Tom Suozzi (D),
Jeff Van Drew (R),
Jackie Walorski (R),
Last Action
Referred to the House Committee on Ways and Means. (on 03/03/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/6937/all-info |
| BillText | https://www.congress.gov/117/bills/hr6937/BILLS-117hr6937ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr6937/BILLS-117hr6937ih.pdf.pdf |
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