US HB4976 | 2009-2010 | 111th Congress

Status

Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on March 25 2010 - 25% progression, died in chamber
Action: 2010-04-30 - Referred to the Subcommittee on Healthy Families and Communities.
Text: Latest bill text (Introduced) [PDF]

Summary

Internet Gambling Regulation and Tax Enforcement Act of 2010 - Amends the Internal Revenue Code to: (1) impose an Internet gambling license fee on Internet gambling operators and an additional tax on unauthorized bets or wagers; (2) require such operators to keep daily records of gambling deposits and file informational returns identifying themselves and the individuals placing bets or wagers with them; (3) require operators to pay state and Indian tribal governments a 6% fee on gambling deposits; (4) require withholding of tax on net Internet gambling winnings and on the gross amount of winnings of nonresident aliens; and (5) extend the excise tax on wagers to include wagers placed with the United States or any commonwealth, territory, or possession by a U.S. citizen or resident. Directs the Secretary of the Treasury to make grants to states to carry out an American Heritage Program through state arts agencies. Allocates .5% of the tax revenues attributable to Internet gambling to the American Heritage Block Grant Fund to finance the American Heritage Program. Amends the Social Security Act to establish the Transitional Assistance Trust Fund to finance state plans for transitional education and job training assistance to individuals who are, or were formerly, in foster care. Allocates 25% of the tax revenues attributable to Internet gambling to the Trust Fund.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Internet Gambling Regulation and Tax Enforcement Act of 2010

Sponsors


History

DateChamberAction
2010-04-30 Referred to the Subcommittee on Healthy Families and Communities.
2010-04-30 Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.
2010-03-25 Referred to House Education and Labor
2010-03-25 Referred to House Ways and Means
2010-03-25 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Same As/Similar To

HB2268 (Related) 2009-05-06 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

feedback