House Ways and Means Advances Nevada-Backed Bill to Kill “Phantom Income” Tax and Restore 100% Gambling Loss Deductions
WASHINGTON, D.C. / LAS VEGAS, NV — In a major legislative victory for Nevada’s resort economy and casino patrons nationwide, the House Ways and Means Committee voted 38–5 to advance legislation restoring the full, 100% federal income tax deduction for gambling losses. The bipartisan breakthrough—approved during committee markup—marks the first...
