The American Gaming Association (AGA) today submitted its feedback on the Economic Growth Tax Reform Bill (One Big Beautiful Bill) to the U.S. Congress, in which it calls for the full 100% deduction of gambling losses and expresses gratitude for other industry friendly provisions.
What the AGA is asking for:
Restore the 100% gambling loss deduction as passed by the House, rather than the 90% cap introduced by the Senate.
Maintain the 21% corporate tax rate and the Section 199A pass through deduction.
Keep 100% bonus depreciation and R&D incentives.
Return to EBITDA as the basis for limiting interest expense under Section 163(j).
Preserve deductibility of state and local taxes and favourable treatment of foreign tax credits.
Raise the slot and wagering reporting threshold to $2,000.
“We urge Congress to restore full loss deductibility to ensure a consistent tax framework and foster European investment under clear, predictable rules.”
18+ | Juegoseguro.es – Jugarbien.es
