SLOT Act of 2025

119 HR 2233 IH: Shifting Limits on Thresholds Act of 2025 U.S. House of Representatives 2025-03-18 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 1st Session H. R. 2233 IN THE HOUSE OF REPRESENTATIVES March 18, 2025 Ms. Titus (for herself, Mr. Reschenthaler , Mr. Kelly of Pennsylvania , Mr. Van Drew , Mr. Bergman , Mr. Johnson of Georgia , Mr. Ezell , and Mr. Correa ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to increase the information reporting threshold for slot winnings. 1. Short title This Act may be cited as the Shifting Limits on Thresholds Act of 2025 or the SLOT Act of 2025 . 2. Reporting threshold for slot machines (a) In general Section 6041 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (h) Slot machines (1) In general No return shall be required under subsection (a) in the case of a payment in the course of a trade or business of winnings from one slot machine play unless the winnings from one such play are at least $5,000 (without reduction for the amount wagered). (2) Inflation adjustment In the case of payments in any calendar year beginning after 2026, the $5,000 amount in paragraph (1) shall be increased by an amount equal to— (A) such dollar amount, multiplied by (B) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting 2025 for 2016 in subparagraph (A)(ii) thereof. If any increase determined under the preceding sentence is not a multiple of $100, such increase shall be rounded to the nearest multiple of $100. . (b) Effective date The amendment made by this section shall apply to payments after December 31, 2025.