Bill > HR1440

This bill proposes to repeal the existing excise taxes on wagering (gambling) in the United States by eliminating Chapter 35 of the Internal Revenue Code of 1986, which currently imposes taxes on gambling activities. The repeal would take effect for taxable years starting on or after January 1, 2025, meaning that gambling-related taxes would no longer be collected by the federal government beginning in the 2025 tax year. By removing these taxes, the bill aims to reduce financial burdens on gambling businesses and potentially create a more favorable regulatory environment for the gaming industry. The legislation, known as the "Discriminatory Gaming Tax Repeal Act of 2025," represents a straightforward approach to removing existing tax provisions related to wagering, without introducing complex new tax structures or alternative revenue mechanisms.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/1440/all-info