,,ii  #aahth ,,congress  #b;d ,session  
,s4 #dhgb  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #ca1     
#bjbd,ms4 ,cortez ,masto 7for herself   
and ,mrs4 ,hyde-,smith7 introduced the  
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to exempt sports
 betting from the tax on authorized     
wagers4  #a4 ,short title ,this ,act may
 be cited as the ,withdrawing ,arduous  
,gaming ,excise ,rates ,act or the      
,,wager ,act4  #b4 ,sports betting      
exempt from the excise tax on authorized
 wagers  7a7 ,in general ,section #ddjb 
of the ,internal ,revenue ,code of #aihf
 is amended by adding at the end the    
following new paragraph3  7#d7 ,sports  
betting not prohibited under ,state law 
or ,tribal compact ,on any wager which--
 7,a7 is not prohibited under-- 7i7 the 
law of the ,state in which accepted1 or 
7ii7 an approved ,tribal-,state gaming  
compact executed in accordance with the 

,indian ,gaming ,regulatory ,act 7#be   
,u4,s4,c4 #bgja et seq471 and  7,b7 is  
placed with respect to any sporting     
event4  4  7b7 ,effective date ,the     
amendment made by this section shall    
apply to wagers placed after the date of
 the enactment of this ,act4