To amend the Internal Revenue Code of 1986 to increase the information reporting threshold for slot winnings.
Latest action · Mar 3, 2022 Referred to the House Committee on Ways and Means.
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.
- IntroducedMar 3, 2022
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
This bill provides that no tax information return for winnings from one slot machine play shall be required unless the winnings are at least $5,000 (without reduction for the amount wagered). This threshold amount is adjusted for inflation for calendar years beginning after 2023.
Cosponsors 17
Members who signed on, in the order they did. Signatures ran from Mar 3, 2022 to Sep 13, 2022; 4 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MD | Anthony G. Brown | Original | Mar 3, 2022 |
| R-PA | Guy Reschenthaler | Original | Mar 3, 2022 |
| R-NV | Mark E. Amodei | Original | Mar 3, 2022 |
| D-NV | Steven Horsford | Original | Mar 3, 2022 |
| R-OK | Markwayne Mullin | Mar 11, 2022 | |
| R-OK | Tom Cole | Mar 15, 2022 | |
| R-IL | Darin LaHood | Apr 7, 2022 | |
| R-IL | Rodney Davis | Apr 7, 2022 | |
| R-CA | Jay Obernolte | Apr 26, 2022 | |
| D-NJ | Jefferson Van Drew | May 3, 2022 | |
| R-PA | Mike Kelly | May 6, 2022 | |
| D-NY | Thomas R. Suozzi | May 10, 2022 | |
| R-CA | Doug LaMalfa | Jun 3, 2022 | |
| R-IN | Jackie Walorski | Jun 3, 2022 | |
| R-AZ | David Schweikert | Jun 14, 2022 | |
| R-PA | Brian K. Fitzpatrick | Jul 19, 2022 | |
| D-AZ | Ruben Gallego | Sep 13, 2022 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Mar 3, 2022 |
Actions 2
Everything that happened, newest first.
- Mar 3, 2022Introduced in House
- Mar 3, 2022Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 168, no. 39, March 3, 2022, page H1303.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 3125 | To amend the Internal Revenue Code of 1986 to increase the information reporting threshold for slot winnings. | Reintroduced Bill | May 5, 2023 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to increase the information reporting threshold for slot winnings.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Mar 3, 2022Introduced 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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
