[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2001 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 2001

   To provide that certain games of chance conducted by a nonprofit 
 organization not be treated as an unrelated trade or business of such 
                             organization.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 5, 1993

 Mr. Hoagland (for himself, Mr. Hoyer, and Mr. Peterson of Minnesota) 
 introduced the following bill; which was referred to the Committee on 
                             Ways and Means

_______________________________________________________________________

                                 A BILL


 
   To provide that certain games of chance conducted by a nonprofit 
 organization not be treated as an unrelated trade or business of such 
                             organization.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. THE CONDUCTING OF CERTAIN GAMES OF CHANCE NOT TREATED AS 
              UNRELATED TRADE OR BUSINESS.

    (a) Section 1834 of the Tax Reform Act of 1986 is repealed for 
games conducted after October 22, 1986, and subparagraph (A) of section 
311(a)(3) of the Tax Reform Act of 1984 shall be applied and 
administered as if such section 1834 (and the amendments made by such 
section 1834) had not been enacted.
    (b) If refund or credit of any overpayment of tax resulting from 
the application of subsection (a) is prevented at any time before the 
close of the 1-year period beginning on the date of the enactment of 
this Act by the operation of any law or rule of law (including res 
judicata), refund or credit of such overpayment (to the extent 
attributable to the application of subsection (a)) may, nevertheless, 
be made or allowed if claim therefor is filed before the close of such 
1-year period.

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