To amend the Internal Revenue Code of 1986 to repeal the occupational tax on gambling with respect to wagers authorized under State law.

Amends the Internal Revenue Code to repeal the excise tax on gambling wagers authorized under state law.

[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2854 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 2854

 To amend the Internal Revenue Code of 1986 to repeal the occupational 
   tax on gambling with respect to wagers authorized under State law.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 23, 2015

    Mr. Heck of Nevada (for himself and Mr. Amodei) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to repeal the occupational 
   tax on gambling with respect to wagers authorized under State law.

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

SECTION 1. REPEAL OF OCCUPATIONAL TAX ON GAMBLING WITH RESPECT TO 
              WAGERS AUTHORIZED UNDER STATE LAW.

    (a) In General.--Section 4411 of the Internal Revenue Code of 1986 
is amended--
            (1) by striking ``section 4401'' and inserting ``section 
        4401(a)(2)'',
            (2) by striking subsection (b), and
            (3) by striking ``(a) In General.--''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable periods beginning after the date of the enactment of 
this Act.
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