Fair Accounting for Income Realized from Betting Earnings Taxation Act

Hozzl · 2026-02-25T09:06:35Z

Explore the details of House Bill 4304 Fair Accounting for Income Realized from Betting Earnings Taxation Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

2/25/2026, 9:06 AM

Summary of Bill HR 4304

The bill titled "To amend the Internal Revenue Code of 1986 with respect to wagering losses" was introduced in the 119th Congress as H.R. 4304 on July 7, 2025. The bill aims to make amendments to the tax code concerning wagering losses, although specific provisions and directives are not specified in the provided context.

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Current Status of Bill HR 4304

Bill HR 4304 is currently in the status of Bill Introduced since July 7, 2025. Bill HR 4304 was introduced during Congress 119 and was introduced to the House on July 7, 2025. Bill HR 4304's most recent activity was Motion to Discharge Committee filed by Ms. Titus. Petition No: 119-16. (<a href="https://clerk.house.gov/DischargePetition/2026021216">Discharge petition</a> text with signatures.) as of February 12, 2026

Bipartisan Support of Bill HR 4304

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 4304

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 4304

To amend the Internal Revenue Code of 1986 with respect to wagering losses.

Comments

Colson Horner

1,061

1 year ago

I'm so excited about this new bill! It will help ensure that income from betting earnings is taxed fairly. This is a great step towards accountability and transparency in our tax system. Can't wait to see how this impacts my finances! #HRBill4304 #FairTaxationAct