H.R. 2268 would amend the Internal Revenue Code of 1986 to regulate and tax Internet gambling.
Detailed Summary
Internet Gambling Regulation and Tax Enforcement Act of 2009 - Amends the Internal Revenue Code to: (1) impose an Internet gambling license fee on Internet gambling operators and an additional tax on unauthorized bets or wagers; (2) require such operators to file informational returns identifying themselves and the individuals placing bets or wagers with them; (3) require withholding of tax on net Internet gambling winnings and on the winnings of nonresident aliens; and (4) extend the excise tax on wagers to include wagers placed within the United States or any commonwealth, territory, or possession by a U.S. citizen or resident. <br>
Status of the Legislation
Latest Major Action: 5/6/2009: Referred to House committee. Status: Referred to the House Committee on Ways and Means.
Points in Favor
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Points Against
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From the Blog
Internet Gambling: Allow, Regulate, and Tax
Two new bills on Internet gambling were introduced yesterday. H.R. 2267 would provide for the licensing of Internet gambling, provide for consumer protections on the Internet, and “enforce the tax code.” H.R. 2268 would amend the Internal R...