HB2350, also known as HR2350, proposes amending the Internal Revenue Code of 1986, specifically chapter 35, which relates to taxes on wagering.
The tax does not apply to horse racing or sports betting operated by state lotteries, although operators eligible for the tax must also pay a $50-per-head employee tax.
Representative Dina Titus of Nevada introduced the bill, while Representatives Mark Amodei and Steven Horsford, also from Nevada, and Representative Guy Reschenthaler from Pennsylvania, are sponsoring the bill.
Titus and Reschenthaler introduced a similar bill in July last year, but it failed to progress past the committee stage.
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