Online gambling tax bill (update)

IGRTEA unlikely to move out of committee this year

Industry disappointment at the news that Nevada Senator Harry Reid is against the federal legalisation of internet gambling in the United States (see previous InfoPowa report) has been followed by a pessimistic statement from Representative Jim McDermott regarding his proposed bill on the taxation of online gambling.

McDermott's Internet Gambling Regulation and Tax Enforcement Act is a companion bill to that of Representative Barney Frank, which seeks to legalise, regulate and tax online gambling.

The McDermott bill has stalled in the Ways and Means Committee and is at the mercy of the committee chairman, Sander Levin, who has not yet scheduled the proposal for markup. It seems that this will not happen before the November mid-term elections, according to a spokesman for Representative McDermott this week.

The House of Representatives adjourns October 8 to prepare for the elections, only returning early in November, when a 'lame duck' session is traditionally held.

McDermott's representative said the Congressman would like to see the bill advance before the end of the year, but warned that time is running out and the amount of other legislation awaiting the attention of the Ways and Means Committee is considerable.

If the McDermott bill is not out of committee when the current Congressional season ends, it's back to square one next year.

Live activity feed

Swipe left or right to see more

lcb activities in the last 24 hours

  • 33
    new members
  • 599
    members online
  • 17379
    guests online
  • 134
    new posts
  • 7397
    free games played
Join the club

Highest Community Rated Online Casinos

Swipe left or right to see more

Latest forum posts

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search Results