HR 5462 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exempt operators of punchboards from the occupational tax on wagering.

Introduced 1979-09-28· Sponsored by Rep. Dicks, Norman D. [D-WA-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-09-28)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt punchboard operators from the occupational tax on wagering. Defines "punchboard" as a board used in a type of wagering in which entitlement to a prize is determined by the punching or drawing of numbers or other symbols from holes or other receptacles of uniform size in such board.…

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