H.R. 2607 (110th): Internet Gambling Regulation and Tax Enforcement Act of 2007

Introduced:
Jun 07, 2007 (110th Congress, 2007–2009)
Status:
Died (Referred to Committee)
Sponsor
Jim McDermott
Representative for Washington's 7th congressional district
Party
Democrat
Text
Read Text »
Last Updated
Jun 07, 2007
Length
4 pages
Related Bills
H.R. 2268 (111th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: May 06, 2009

H.R. 5523 (Related)
Internet Gambling Regulation and Tax Enforcement Act of 2008

Referred to Committee
Last Action: Mar 04, 2008

 
Status

This bill was introduced on June 7, 2007, in a previous session of Congress, but was not enacted.

Progress
Introduced Jun 07, 2007
Referred to Committee Jun 07, 2007
 
Full Title

To amend the Internal Revenue Code of 1986 to regulate internet gambling.

Summary

No summaries available.

Cosponsors
1 cosponsors (1D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


6/7/2007--Introduced.
Internet Gambling Regulation and Tax Enforcement Act of 2007 - Amends the Internal Revenue Code to establish licensing requirements and fees for Internet gambling operators.
Requires Internet gambling operators to pay to the Director of the Financial Crimes Enforcement Network during each 30-day period of operation a license fee of 2% of all bets and wagers placed during the preceding 30-day period.
Requires the Director to grant Internet gambling licenses to applicants who meet criteria set by the Director and are generally fit to engage in the business of Internet gambling. Requires such operators to adopt appropriate mechanisms to ensure the collection of all taxes and license fees relating to Internet gambling that become due to federal and state governments.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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