S 34 · 98th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exempt income derived by charitable organizations from conducting certain games of chance from the tax imposed on unrelated business income.

Introduced 1983-01-26· Sponsored by Sen. Andrews, Mark [R-ND]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Finance requested executive comment from OMB; Treasury Department.(1983-01-31)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt income derived by a charitable organization conducting games of chance from the tax imposed on unrelated business income. Defines "game of chance" to include bingo, raffles, pull-tabs, punchboards, sports-pools and twenty-one.…

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

Cosponsors (1)

1 Democrat
Sen. Burdick, Quentin N. [D-ND]ND