The gambling industry along with some lawmakers in Congress are renewing a push to decrease the number of slot machine jackpots that get reported to the IRS.
Legislation introduced Thursday by Nevada representative Dina Titus is being touted as a benefit to casinos, which would need to take fewer slot machines out of service temporarily while tax forms and filled out for winning patrons.
But it also would have the practical effect of preventing more slot jackpot winners from having their winnings reported to the government.
The bill would increase the threshold for IRS reporting of slot jackpots from the current $1,200 to $5,000.
The American Gaming Association says the limit has not changed since 1977.Â
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