119-HR4304

Fair Accounting for Income Realized from Betting Earnings Taxation Act

Last action was on 7-7-2025

Bill is currently in: House
Path to Law
House Senate President

Current status is Referred to the House Committee on Ways and Means.

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119th CONGRESS

1st Session

H. R. 4304

1. Short title
2. Amendment to wagering loss provision

1. Short title

This Act may be cited as the "Fair Accounting for Income Realized from Betting Earnings Taxation Act or "FAIR Bet Act"".


2. Amendment to wagering loss provision

Section 165(d) of the Internal Revenue Code of 1986, as amended, is amended—

(1) - by striking "90 percent" and inserting "100 percent".