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Fair Accounting for Income Realized from Betting Earnings Taxation Act
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.
Read the Full Bill
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
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
65Democrat Cosponsors
37Republican Cosponsors
28Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4304
Primary Policy Focus
TaxationAlternate Title(s) of Bill HR 4304
To amend the Internal Revenue Code of 1986 with respect to wagering losses.
To amend the Internal Revenue Code of 1986 with respect to wagering losses.
Comments
Colson Horner
618
7 months 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
Musa Curtis
667
7 months ago
I don't think this bill is a good idea. It's gonna mess with my taxes and I don't like that. Why are they trying to change things like this?
Sponsors and Cosponsors of HR 4304
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