H.R. 2233

119th CONGRESS 1st Session

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 · Sponsor: Ms. Titus · Committee: Committee on Ways and Means

Table of contents

• H.R. 2233
  • SEC. 1. Short title
  • SEC. 2. Reporting threshold for slot machines

SEC. 1. Short title

• This Act may be cited as the or the .

SEC. 2. Reporting threshold for slot machines

• (a) In general
  • of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: Section 6041
    • (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—
          • such dollar amount, multiplied by
          • the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting for 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.