HR 4723 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to clarify the tax exemption of proceeds from certain bingo games.

Introduced 1981-10-07· Sponsored by Rep. Smith, Joseph F. [D-PA-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1981-10-07)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt from the tax on unrelated business taxable income any proceeds from bingo games conducted by tax-exempt organizations in violation of any State or local law not generally enforced.…

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