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.

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Status In Committee
Sponsor Howard Cannon
Citation 96-S-485
Actions 2
Introduced Feb 26th, 1979
Cosponsors
1
Last Action Feb 26th, 1979
Policy Area
✓
Introduced Senate Feb 26
Senate
House
President
Enacted

Summary

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What this bill does

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Amends the Internal Revenue Code to exempt from the excise tax on wagers and the occupational tax on bookmakers any wager or bookmaker authorized under State law (or in the case of a bookmaker, under local law as well).

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2
Senate
INTRODUCED
INTRODUCED
Feb 26, 1979
ON FLOOR
REFERRED TO COMMITTEE
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