Indian Gaming Regulatory Act

[AI summary unavailable — showing source text] Indian Gaming Regulatory Act - Establishes Federal standards for gaming activity on Indian lands. Makes gaming class II (bingo or lotto) and class III (all other forms of gaming not covered under class I or II) activities illegal on certain trust lands located outside of an Indian tribe's reservation unless: (1) such tribe obtains the concurrence of the Governor of the State, the legislature, and county and municipal governments; and (2) with respect to lands taken in trust as part of a settlement of a land claim or the initial reservation of a tribe, acknowledged by the Secretary of the Interior under the Federal acknowledgment process. Applies provisions of the Internal Revenue Code concerning the taxation, reporting, and withholding of taxes to the operation of such activities. Establishes within the Department of the Interior the National Indian Gaming Commission. Authorizes the Commission to: (1) monitor Indian gaming activities; (2) establish regulations for the assessment and collection of civil fines; and (3) implement such other regulations as it deems appropriate. Exempts class I gaming (social games for prizes of minimal value activities) from the provisions of this Act.…