The American Gaming Association (AGA) is lobbying to eliminate a “misguided” provision in a recently introduced tax overhaul bill that would subject gaming companies to a 23 percent federal gaming tax, an executive with the trade group said Wednesday.
The suggested tax rate for companies offering games of chance is buried deep within 132-page bills introduced January 3 in the U.S. Senate and House of Representatives that would repeal the federal income tax, and abolish the Internal Revenue Service (IRS).
The bill would also create a national sales tax that would be administered primarily by the states.
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