119-hr2233

[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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