Bill Details
HR.2233 - 119th Congress
Status
Latest action
2025-03-18 - Referred to the House Committee on Ways and Means.
Introduced Date
2025-03-18
Policy Area
Taxation
Committees
View committees (1)
Sponsors
Cosponsors
View cosponsors (11)
- Rep. Reschenthaler, Guy [R-Pennsylvania-14]
- Rep. Kelly, Mike [R-Pennsylvania-16]
- Rep. Van Drew, Jefferson [R-New Jersey-2]
- Rep. Bergman, Jack [R-Michigan-1]
- Rep. Johnson, Henry C. "Hank" [D-Georgia-4]
- Rep. Ezell, Mike [R-Mississippi-4]
- Rep. Correa, J. Luis [D-California-46]
- Rep. Horsford, Steven [D-Nevada-4]
- Rep. Lee, Susie [D-Nevada-3]
- Rep. Nehls, Troy E. [R-Texas-22]
- Rep. Ruiz, Raul [D-California-25]
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AI Summary This summary was generated by AI from the bill text. AI can get information wrong.
This bill would change when casinos and other businesses must report slot machine winnings to the IRS. Right now, smaller winnings can trigger tax reporting, but this bill would raise the reporting threshold so that only winnings of at least $5,000 from one slot machine play would have to be reported. It also says that amount would go up over time with inflation after 2026. The change would apply to payments made after December 31, 2025.
- Winnings from a single slot machine play would not need IRS reporting unless they are at least $5,000.
- The $5,000 amount would be adjusted for inflation for calendar years after 2026.
- Any inflation increase would be rounded to the nearest $100.
- The new rules would start applying to payments after December 31, 2025.
Official Summaries
No summaries available
Current Full Text
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2233 Introduced in House (IH)]
<DOC>
119th CONGRESS
1st Session
H. R. 2233
To amend the Internal Revenue Code of 1986 to increase the information
reporting threshold for slot winnings.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
March 18, 2025
Ms. Titus (for herself, Mr. Reschenthaler, Mr. Kelly of Pennsylvania,
Mr. Van Drew, Mr. Bergman, Mr. Johnson of Georgia, Mr. Ezell, and Mr.
Correa) 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. SHORT TITLE.
This Act may be cited as the ``Shifting Limits on Thresholds Act of
2025'' or the ``SLOT Act of 2025''.
SEC. 2. 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 2026, 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
`2025' 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, 2025.
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