S 3581 · 93th Congress · Lotteries

A bill to amend the Internal Revenue Code of 1954 with respect to the collection of income tax at source on amounts awarded in State-conducted lotteries.

Introduced 1974-06-05· Sponsored by Sen. Bennett, Wallace F. [R-UT]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1974-06-05)

Plain Language Summary

[AI summary unavailable — showing source text] Provides, under the Internal Revenue Code, for the collection of income tax at source on amounts awarded in State-conducted lotteries. States that the amount of such tax to be deducted and withheld shall be 20 percent of the prize.…

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