S. 1223 — A bill to amend the Internal Revenue Code of 1954 to provide that proceeds from wagers will not be aggregated for purposes of determining whether tax should be withheld.

Summary

Amends the Internal Revenue Code to provide that proceeds from identical wagers shall not be aggregated for purposes of determining the withholding of tax on certain gambling winnings.

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Legislative Actions

1983-05-05
Introduced in Senate
1983-05-05
Read twice and referred to the Committee on Finance.
1983-05-09
Committee on Finance requested executive comment from OMB, Treasury Department.

A bill to amend the Internal Revenue Code of 1954 to provide that proceeds from wagers will not be aggregated for purposes of determining whether tax should be withheld.

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Summary

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