HR 4090 · 95th Congress · Taxation

A bill relating to the withholding on the proceeds of certain wagers with respect to horse races, dog races, and jai alai.

Introduced 1977-02-24· Sponsored by Rep. Waggonner, Joe D., Jr. [D-LA-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Reported to House from the Committee on Ways and Means with amendment, H. Rept. 95-122.(1977-03-28)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to limit the pari-mutuel gambling winning on horse and dogs races and jai alai which are subject to tax withholding to one-half of the proceeds exceeding $1,000 where the winnings are at least 300 times the size of the wager.…

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