legislation: 102-hr-5660
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
This data as json
| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
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| 102-hr-5660 | 102 | hr | 5660 | To amend the Internal Revenue Code of 1986 to provide that the conducting of certain games of chance shall not be treated as an unrelated trade or business, and for other purposes. | Taxation | 1992-07-22 | 1992-08-05 | Received in the Senate and read twice and referred to the Committee on Finance. | House | Rep. Hoyer, Steny H. [D-MD-5] | MD | D | H000874 | 2 | Amends the Internal Revenue Code to exclude from the tax on unrelated trade or business income the conducting of qualified games of chance by certain tax exempt organizations. Describes such games as any game: (1) that does not violate State or local law; (2) that the conduct of which by for-profit organizations would violate such law; and (3) where no substantial part of the work is performed by individuals principally engaged to perform gaming services for hire. Increases the rate of withholding tax on certain gambling winnings from 20 percent to 28 percent. | 2025-01-03T20:55:56Z |