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House Bill 3125
118th Congress(2023-2024)
To amend the Internal Revenue Code of 1986 to increase the information reporting threshold for slot winnings.
Introduced
Introduced
Introduced in House on May 5, 2023
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Introduced in House 
May 5, 2023
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Introduced in House(May 5, 2023)
May 5, 2023
No Linkage Found
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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H. R. 3125 (Introduced-in-House)


118th CONGRESS
1st Session
H. R. 3125


To amend the Internal Revenue Code of 1986 to increase the information reporting threshold for slot winnings.

IN THE HOUSE OF REPRESENTATIVES

May 5, 2023

Ms. Titus (for herself, Mr. Reschenthaler, Mr. Van Drew, Mr. Cole, Mr. Amodei, Mr. Kelly of Pennsylvania, Mr. Johnson of South Dakota, and Mr. Horsford) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to increase the information reporting threshold for slot winnings.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Reporting threshold for slot machines.

(a) In general.—Section 6041 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:

“(h) Slot machines.—

“(1) IN GENERAL.—No return shall be required under subsection (a) in the case of a payment in the course of a trade or business of winnings from one slot machine play unless the winnings from one such play are at least $5,000 (without reduction for the amount wagered).

“(2) INFLATION ADJUSTMENT.—In the case of payments in any calendar year beginning after 2024, the $5,000 amount in paragraph (1) shall be increased by an amount equal to—

“(A) such dollar amount, multiplied by

“(B) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting ‘2023’ for ‘2016’ in subparagraph (A)(ii) thereof.

If any increase determined under the preceding sentence is not a multiple of $100, such increase shall be rounded to the nearest multiple of $100.”.

(b) Effective date.—The amendment made by this section shall apply to payments after December 31, 2023.