HR 3125 · 118th Congress · Taxation
To amend the Internal Revenue Code of 1986 to increase the information reporting threshold for slot winnings.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2023-05-05)
Plain Language Summary
[AI summary unavailable — showing source text]
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 2024.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (11)
2 Democrats9 Republicans