A bill to amend the Internal Revenue Code of 1954 to exempt State lotteries from the tax on wages and to exclude from gross income amounts won in State lotteries.

[AI summary unavailable — showing source text] Exempts State Lotteries from the tax on wagers imposed under the Internal Revenue Code. Excludes vending machines dispensing lottery tickets for State lotteries from the definition of a coin-operated gaming device for purposes of the tax on wagers imposed under the Internal Revenue Code. Excludes from gross income amounts won in State lotteries.…