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End of Wagering Taxes: Relief for Gamblers and Gaming Industry

This act repeals federal excise taxes on wagering, meaning individuals participating in games of chance and gaming businesses will no longer pay these specific fees. This change could lead to lower costs for players and increased profits for operators, potentially making legal wagering more appealing.
Key points
Federal excise taxes on wagering are eliminated, potentially reducing costs for players.
The changes apply to taxable years beginning after December 31, 2024.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1440
Sponsor: Rep. Titus, Dina [D-NV-1]
Process start date: 2025-02-18
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Discriminatory Gaming Tax Repeal Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1440.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-02-18.

What are the main provisions?

Key points include:

  • Federal excise taxes on wagering are eliminated, potentially reducing costs for players.
  • The changes apply to taxable years beginning after December 31, 2024.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Titus, Dina [D-NV-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Taxes Economy