HR 7612 · 96th Congress · Taxation
A bill to amend section 3402 of the Internal Revenue Code of 1954 to provide that proceeds from identical wagers will not be aggregated for purposes of determining whether tax should be withheld.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1980-06-18)
Plain Language Summary
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Amends the Internal Revenue Code to provide that proceeds from identical wagers will not be aggregated for purposes of determining whether the excise tax on wagering should be withheld.…
Summarized by Claude AI · Non-partisan · For informational purposes only