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Fair Accounting for Income Realized from Betting Earnings Taxation Act

H.R. 4304 Rep. Dina Titus (D-NV-1) In committee
Bill text PDF
  1. Introduced Jul 7
  2. Committee Jul 7
  3. Passed House Next
  4. Passed Senate Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Jul 7, 2025Next: House vote
258d ago Feb 12, 2026: Motion to Discharge Committee filed by Ms. Titus. Petition No: 119-16. (<a href="https://clerk.house.gov/DischargePetition/2026021216">Discharge petition</a> text with signatures.)
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
4companies, 24 filings
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Member trades
0trades in the last 90 days
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Companies lobbying on this bill

4 companies
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Services 4
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Summary

This bill amends the Internal Revenue Code to change the limit on wagering loss deductions. Sec. 2, Amendment to wagering loss provision: The bill modifies Section 165(d) of the Internal Revenue Code by replacing the current 90 percent limit on wagering loss deductions with 100 percent, allowing taxpayers to deduct the full amount of their wagering losses against their wagering income.

Summary of the bill text as introduced in House (Jul 7, 2025), generated by SecBot from the official bill text; the Library of Congress summary is not yet published.

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.