S 1606 · 95th Congress · Gambling

A bill to amend the Internal Revenue Code of 1954 to treat the conducting of certain games by tax-exempt organizations as not being an unrelated trade or business.

Introduced 1977-05-25· Sponsored by Sen. Anderson, Wendell R. [D-MN]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1977-05-25)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt certain gambling activities conducted by tax exempt organizations from treatment as unrelated business activities.…

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

Cosponsors (1)

1 Democrat
Sen. Humphrey, Hubert H. [D-MN]MN