To amend the Internal Revenue Code of 1986 to exclude income derived from certain wagers on horse races from the gross income of a nonresident alien individual.

Fact Sheet API

Bill Number

HR 4474

Introduced

Apr 17, 2002

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Aliens Gambling Horse racing Immigration Income tax Personal income tax Sports and Recreation Tax exclusion Taxation

Full Text

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Votes

Summary

Amends the Internal Revenue Code to exclude from "gross income" income derived by a nonresident alien individual from a legal wagering transaction initiated outside the United States in a parimutuel pool with respect to a live horse race in the United States.

Actions

Apr 17, 2002

Referred to the House Committee on Ways and Means.
Apr 17, 2002

Introduced in House

Amendments

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