Rep. Dina Titus renews push to repeal sports wagering tax

Seeking to save as much as $11 million in taxes paid by some Nevada companies each year, U.S. Rep. Dina Titus today reintroduced legislation that would roll back a federal handle tax on sports wagers.

In a letter to the leaders of the House Ways and Means Committee, Titus argues that the tax was supposed to fund investigations of illegal wagering operations, but the Internal Revenue Service couldn’t confirm the funds were being used as intended.

Accordingly, she says, she wants the Nevada companies to keep the money they pay on the tax.

“Because Nevada is the single state with fully inclusive wagering on sports, companies based in our state are the only entities paying this specific tax,” Titus wrote in the letter, noting that companies in Nevada pay between $9.5 million and $11 million annually.

“While this is a minuscule percentage of the federal budget, retaining these funds in Nevada would allow for additional job creation and innovation in the gaming industry,” Titus said.

Titus is asking Republican Rep. Paul Ryan, the committee’s chairman, and Rep. Sander Levin, its ranking Democrat, to include her legislation as the committee starts looking at tax reform. She first introduced the legislation in the last Congress.

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