Amends the Internal Revenue Code to provide that the deduction for wagering losses shall be allowable as a deduction from gross income but only with respect to wagering transactions which are legal under Federal and State laws.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line