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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (1)

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Internal Revenue Code of 1986 to provide that the conducting of certain games of chance shall not be treated as an unrelated trade or business, and for other purposes.

Actions Overview (3)

08/03/1992Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
07/23/1992Reported by the Committee on Ways and Means. H. Rept. 102-703.
07/22/1992Introduced in House

All Actions (10)

Date Chamber
08/05/1992SenateReceived in the Senate and read twice and referred to the Committee on Finance.
08/03/1992-12:50pmHouseMotion to reconsider laid on the table Agreed to without objection.
08/03/1992-12:49pmHouseOn motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
08/03/1992-12:22pmHouseDEBATE - The House proceeded with forty minutes of debate.
08/03/1992-12:22pmHouseConsidered under suspension of the rules.
08/03/1992-12:21pmHouseMr. Gibbons moved to suspend the rules and pass the bill, as amended.
07/23/1992HousePlaced on the Union Calendar, Calendar No. 396.
07/23/1992HouseReported by the Committee on Ways and Means. H. Rept. 102-703.
07/22/1992HouseReferred to the House Committee on Ways and Means.
07/22/1992HouseIntroduced in House

Cosponsors (2)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Hoagland, Peter [D-NE-2]* 07/22/1992
Rep. McGrath, Raymond J. [R-NY-5]* 07/22/1992

Committees (2)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means07/22/1992 Referred to
07/23/1992 Reported by H.Rept 102-703
Senate Finance08/05/1992 Referred to

No related bill information was received for H.R.5660.

Subjects (8)

Latest Summary (2)

There are 2 summaries for H.R.5660. View summaries

Shown Here:
Passed House amended (08/03/1992)

Amends the Internal Revenue Code to exclude from the tax on unrelated trade or business income the conducting of qualified games of chance by certain tax exempt organizations. Describes such games as any game: (1) that does not violate State or local law; (2) that the conduct of which by for-profit organizations would violate such law; and (3) where no substantial part of the work is performed by individuals principally engaged to perform gaming services for hire.

Increases the rate of withholding tax on certain gambling winnings from 20 percent to 28 percent.