Referred to the House Committee on Ways and Means.
This bill amends the Internal Revenue Code to raise the information-reporting threshold for winnings from a single slot machine play to $5,000 (not reduced by wager) and indexes that amount for inflation beginning after 2026. The change applies to payments after December 31, 2025, and rounds inflation adjustments to the nearest $100.
Progressives emphasize enforcement and revenue loss risks
Relative to its intended legislative type, this bill is a targeted amendment to the Internal Revenue Code that raises the slot-machine winnings reporting threshold to $5,000 with an inflation adjustment and a clear effective date.
This bill amends the Internal Revenue Code to raise the information-reporting threshold for winnings from a single slot machine play to $5,000 (not reduced by wager) and indexes that amount for inflation beginning after 2026.
The change applies to payments after December 31, 2025, and rounds inflation adjustments to the nearest $100.
Low-complexity administrative change improves business compliance burden but raises enforcement/revenue concerns; moderate procedural hurdles remain.
Relative to its intended legislative type, this bill is a targeted amendment to the Internal Revenue Code that raises the slot-machine winnings reporting threshold to $5,000 with an inflation adjustment and a clear effective date. The core mechanism is specified in statutory text but lacks contextual explanation, fiscal acknowledgement, and attention to edge cases.
Progressives emphasize enforcement and revenue loss risks
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives emphasize enforcement and revenue loss risks
Likely skeptical.
Raises concerns that higher thresholds will reduce IRS visibility into gambling income and could erode tax compliance.
Support would depend on demonstrated safeguards against tax loss and misuse.
Mixed.
Appreciates reduced administrative burden and inflation indexing but worries about tradeoffs for tax enforcement and revenue.
Would favor empirical review and guardrails before full endorsement.
Favorable.
Seen as pro-business, deregulation, and privacy-protecting by reducing needless reporting.
Indexing is practical and reduces future legislative tinkering.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Low-complexity administrative change improves business compliance burden but raises enforcement/revenue concerns; moderate procedural hurdles remain.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize enforcement and revenue loss risks
Low-complexity administrative change improves business compliance burden but raises enforcement/revenue concerns; moderate procedural hurdl…
Relative to its intended legislative type, this bill is a targeted amendment to the Internal Revenue Code that raises the slot-machine winnings reporting threshold to $5,000 with an inflation adjustment and a clear effe…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.