States Lottery Exemption Act - Exempts from the wagering tax, under the Internal Revenue Code, any wager placed in a sweepstakes, wagering pool, or lottery which is conducted by an agency of a State acting under authority of State law, but only if such wager is placed with the State agency conducting such sweepstakes, wagering pool, or lottery, or with its authorized employees or agents.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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