Internet Gambling Regulation and Tax Enforcement Act of 2011
Latest action · Jun 16, 2011 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 16, 2011
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Internet Gambling Regulation and Tax Enforcement Act of 2011 - Amends the Internal Revenue Code to: (1) impose a tax on each Internet gambling licensee equal to 2% of all funds deposited by Internet gambling customers of such licensee for placing a bet or wager and an additional 50% tax on unauthorized bets or wagers; (2) require such licensees to keep daily records of gambling deposits and file informational returns identifying themselves and the individuals placing bets or wagers with them; (3) require licensees to pay state and Indian tribal governments an amount equal to the monthly pro rata state and Indian tribal government online gambling tax; (4) require withholding of tax on net Internet gambling winnings and on the gross amount of winnings of nonresident aliens; and (5) extend the excise tax on wagers to include wagers placed within the United States or any commonwealth, territory, or possession by a U.S. citizen or resident.
Directs the Secretary of the Treasury to make grants to states to carry out an American Heritage Program through state arts agencies. Allocates .5% of the tax revenues received after December 31, 2010, that are attributable to Internet gambling to the American Heritage Block Grant Fund to finance the American Heritage Program.
Amends the Social Security Act to establish the Transitional Assistance Trust Fund to finance state plans for transitional education and job training assistance to individuals who are, or were formerly, in foster care. Allocates 25% of the tax revenues received after December 31, 2010, that are attributable to Internet gambling to the Trust Fund.
Cosponsors 7
Members who signed on, in the order they did. Signatures ran from Jun 16, 2011 to Apr 26, 2012, with 2 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MA | Barney Frank | Original | Jun 16, 2011 |
| R-CA | John Campbell | Original | Jun 16, 2011 |
| D-MI | John Conyers, Jr. | Jun 24, 2011 | |
| D-CO | Jared Polis | Jul 14, 2011 | |
| R-NY | Peter T. King | Jul 15, 2011 | |
| D-OR | Earl Blumenauer | Mar 9, 2012 | |
| D-MP | Gregorio Kilili Camacho Sablan | Apr 26, 2012 |
Actions 2
Everything that happened, newest first.
- Jun 16, 2011Introduced in House
- Jun 16, 2011Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Adoption and foster care
- Business records
- Employment and training programs
- Federal-Indian relations
- Gambling
- Government information and archives
- Government trust funds
- Historical and cultural resources
- Humanities programs funding
- Internet and video services
- Internet, web applications, social media
- Licensing and registrations
- Sales and excise taxes
- State and local finance
- Student aid and college costs
- Tax administration and collection, taxpayers
- Taxation
- Taxation of foreign income
- User charges and fees
Text 1
Each version as it was printed, newest first.
- Jun 16, 2011Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.