HR 932 · 99th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to revise the withholding rules applicable to certain parimutuel wagering payouts.

Introduced 1985-02-04· Sponsored by Rep. Schulze, Richard T. [R-PA-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1985-02-04)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the amount of gambling winnings which are subject to the withholding of tax. Increases such amount from $1,000 to: (1) $2,000 in 1985 and 1986; (2) $3,000 in 1987; (3) $4,000 in 1988; and (4) $5,000 in 1989 and thereafter.…

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

Cosponsors (20)

13 Democrats7 Republicans
Rep. Downey, Thomas J. [D-NY-2]NY
Rep. Smith, Lawrence [D-FL-16]FL
Rep. Staggers, Harley O., Jr. [D-WV-2]WV
Rep. Roth, Toby [R-WI-8]WI
Rep. Luken, Thomas A. [D-OH-1]OH
Rep. Dymally, Mervyn M. [D-CA-31]CA
Rep. Holt, Marjorie S. [R-MD-4]MD
Rep. Bentley, Helen Delich [R-MD-2]MD
Rep. Kemp, Jack [R-NY-31]NY
Rep. Dicks, Norman D. [D-WA-6]WA
Rep. Lowry, Mike [D-WA-7]WA
Rep. Murphy, Austin J. [D-PA-22]PA
Rep. Nowak, Henry [D-NY-33]NY
Rep. Saxton, Jim [R-NJ-13]NJ
Rep. Coelho, Anthony Lee [D-CA-15]CA
Rep. Addabbo, Joseph P. [D-NY-6]NY
Rep. Hoyer, Steny H. [D-MD-5]MD
Rep. Boehlert, Sherwood [R-NY-25]NY
Rep. Smith, Denny [R-OR-5]OR
Rep. Mollohan, Alan B. [D-WV-1]WV