H.R. 2998 — A bill to amend the Internal Revenue Code of 1954 to exempt income derived by charitable organizations from conducting certain games of chance from the tax imposed on unrelated business income.

Summary

Amends the Internal Revenue Code to exempt income derived by a charitable organization conducting games of chance from the tax imposed on unrelated business income. Defines "game of chance" to include bingo, raffles, pull-tabs, punchboards, sports-pools, and twenty-one.

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Related Legislation

H.R. 4170Deficit Reduction Act of 1984
1984-07-18Became Public Law No: 98-369.
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S. 34A bill to amend the Internal Revenue Code of 1954 to exempt income derived by charitable organizations from conducting certain games of chance from the tax imposed on unrelated business income.
1983-01-31Committee on Finance requested executive comment from OMB; Treasury Department.
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Legislative Actions

1983-05-12
Introduced in House
1983-05-12
Introduced in House
1983-05-12
Referred to House Committee on Ways and Means.
1984-06-27
See H.R.4170.

A bill to amend the Internal Revenue Code of 1954 to exempt income derived by charitable organizations from conducting certain games of chance from the tax imposed on unrelated business income.

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