Titus Reintroduces Sports Bets Collection Tax Correction Act

Press Release

Today Congresswoman Dina Titus of Nevada's First District introduced H.R. 1108, the Sports Bets Collection Tax Correction Act, and urged Chairman Paul Ryan and Ranking Member Sander Levin of the House Committee on Ways and Means to include this legislation as the committee begins work on tax reform. This legislation repeals a decades old federal handle tax on sports wagers. Originally intended as a source of revenue to pursue illegal sports betting, revenue from the handle tax is now used for other purposes. As the only state with fully inclusive wagering on sports, the handle tax places an undue burden on Nevada companies. Titus' legislation would save Nevada companies an estimated $9 -$11 million in taxes every year.

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