Amends the Internal Revenue Code to provide that income received by a political organization from qualified games which are regularly carried on is not taxable if (1) substantially all the work in carrying on the trade or business is performed for the political organization without compensation; (2) the activity is not ordinarily conducted on a commercial basis; and (3) the conduct of the activity does not violate any State or local law.
Defines the term qualified game for the purposes of this Act.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
Reported to House from the Committee on Ways and Means with amendment, H. Rept. 94-1355.
Reported to House from the Committee on Ways and Means with amendment, H. Rept. 94-1355.
Measure called up under motion to suspend rules and pass in House.
Measure considered in House.
Failed of passage/not agreed to in House: Measure failed of passage in House under suspension of the rules, roll call #648 (134-261).
Roll Call #648 (House)Measure failed of passage in House under suspension of the rules, roll call #648 (134-261).
Roll Call #648 (House)checking server…
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