H.R. 3125 · 118th Congress · House

To amend the Internal Revenue Code of 1986 to increase the information reporting threshold for slot winnings.

Active· Referred to the House Committee on Ways and Means.
Introduced
May 5, 23
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

This bill provides that no tax information return for winnings from one slot machine play shall be required unless the winnings are at least $5,000 (without reduction for the amount wagered). This threshold amount is adjusted for inflation for calendar years beginning after 2024.

Action Timeline

3
  1. MAY 05, 2023IntroReferral

    Introduced in House

  2. MAY 05, 2023IntroReferral

    Introduced in House

  3. MAY 05, 2023IntroReferral

    Referred to the House Committee on Ways and Means.

Committees

1

Ways and Means Committee

hswm00

Referred: May 5, 2023

Active