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119th CONGRESS
1st Session |
To amend the Internal Revenue Code of 1986 to repeal the excise taxes on wagering.
Ms. Titus (for herself, Mr. Reschenthaler, Mr. Kelly of Pennsylvania, Mr. Horsford, and Mr. Amodei of Nevada) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to repeal the excise taxes on wagering.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Discriminatory Gaming Tax Repeal Act of 2025”.
SEC. 2. Repeal of excise taxes on wagering.
(a) In general.—Chapter 35 of the Internal Revenue Code of 1986 (relating to taxes on wagering) is repealed.
(b) Effective date.—The amendment made by this section shall apply to taxable years beginning after December 31, 2024.