,i #aaith ,,congress #ast ,session ,h4 ,r4 #bbcc ,,in ,,the ,,house ,,of ,,representatives ,march #ah1 #bjbe,ms4 ,titus 7for herself1 ,mr4 ,reschenthaler1 ,mr4 ,kelly of ,pennsylvania1 ,mr4 ,van ,drew1 ,mr4 ,bergman1 ,mr4 ,johnson of ,georgia1 ,mr4 ,ezell1 and ,mr4 ,correa7 introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to increase the information reporting threshold for slot winnings4 #a4 ,short title ,this ,act may be cited as the ,shifting ,limits on ,thresholds ,act of #bjbe or the ,,slot ,act of #bjbe4 #b4 ,reporting threshold for slot machines 7a7 ,in general ,section #fjda of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new subsection3 7h7 ,slot machines 7#a7 ,in general ,no return shall be required under subsection 7a7 in the case of a payment in the course of a trade or business of winnings from one slot machine play unless the winnings from one such play are at least #e1jjj 7without reduction for the amount wagered74 7#b7 ,inflation adjustment ,in the case of payments in any calendar year beginning after #bjbf1 the #e1jjj amount in paragraph 7#a7 shall be increased by an amount equal to-- 7,a7 such dollar amount1 multiplied by 7,b7 the cost-of-living adjustment determined under section #a7;f77#c7 for the calendar year in which the taxable year begins1 determined by substituting #bjbe for #bjaf in subparagraph 7,a77ii7 thereof4 ,if any increase determined under the preceding sentence is not a multiple of #ajj1 such increase shall be rounded to the nearest multiple of #ajj4 4 7b7 ,effective date ,the amendment made by this section shall apply to payments after ,december #ca1 #bjbe4