To provide that certain games of chance conducted by a nonprofit organization not be treated as an unrelated trade or business of such organization.

[AI summary unavailable — showing source text] Repeals the provision of the Tax Reform Act of 1986 that requires certain games of chance conducted by a nonprofit organization to be treated as an unrelated trade or business for tax purposes. Allows the refund or credit of any resulting overpayment if a claim is filed before the end of the one-year period beginning on the date of enactment of this Act.…