HR 1440 · 119th CongressIn Committeecongress.gov ↗
What this bill does
AI plain-language summaryThis bill would get rid of two federal taxes related to gambling. The first is a tax on the money people bet, which is currently either 0.25% or 2% of the amount wagered depending on whether the state allows the betting. The second is a yearly tax of either $50 or $500 charged to businesses that accept bets, with the amount again depending on whether the state has authorized the gambling.
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