H.R. 5523 (110th): Internet Gambling Regulation and Tax Enforcement Act of 2008

Introduced:
Mar 04, 2008 (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
Mar 04, 2008
Length
10 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. 2607 (Related)
Internet Gambling Regulation and Tax Enforcement Act of 2007

Referred to Committee
Last Action: Jun 07, 2007

 
Status

This bill was introduced on March 4, 2008, in a previous session of Congress, but was not enacted.

Progress
Introduced Mar 04, 2008
Referred to Committee Mar 04, 2008
 
Full Title

To amend the Internal Revenue Code of 1986 to regulate and tax Internet gambling.

Summary

No summaries available.

Cosponsors
none
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)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

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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.


3/4/2008--Introduced.
Internet Gambling Regulation and Tax Enforcement Act of 2008 - Amends the Internal Revenue Code to:
(1) impose an Internet gambling license fee on Internet gambling operators;
(2) require such operators to file informational returns identifying themselves and the individuals placing wagers with them;
(3) require withholding of tax on annual Internet gambling winnings of more than $5,000;
(4) impose a 30% tax on the Internet gambling winnings of nonresident aliens; and
(5) impose the excise tax on wagers on any individual who places a wager with an unlicensed Internet gambling operator.

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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