HR 4474 · 107th Congress · Taxation

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.

Introduced 2002-04-17· Sponsored by Rep. McCrery, Jim [R-LA-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2002-04-17)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only