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Bill Introduced to Eliminate Withholding Tax

Bill Introduced to Eliminate Withholding Tax

A bill was introduced in the U.S. House of Representatives April 28 that would eliminate the automatic 25% federal withholding on pari-mutuel winnings of $5,000 or more for bets that carry odds of 300-1 or higher.

 Wednesday, April 29, 2009

NTRA Works to Eliminate Withholding Provision

National Thoroughbred Racing Association officials met with President Bush's legislative team and key members of Congress the week of April 8 in an effort to promote legislation to eliminate the 30% withholding on foreign wagers into United States pari-mutuel pools.

 Wednesday, April 10, 2002