Tag Archive | Excise Tax

Reform the Federal Sports Betting Excise Tax “Dilemma”

Now that Congress has passed a budget resolution that sets the stage for fast-track tax reform, here is one tax that clearly should be included in any reform package: The excise tax on sports betting that is codified in sections 4401 and 4411 of the Internal Revenue Code.  See 26 U.S.C. §§ 4401 and 4411. […]