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Titus explained that as a consequence of inflation this outdated conventional has considerably increased compliance burdens on taxpayers and functioning fees for casinos across the country.
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“Shutting down slot equipment for minimal-dollar amounts, floods the IRS with outdated varieties that enable not one person.” Titus stated. “My Invoice, the SLOT Act, along with the IRS Advisory Council’s current recommendation to lift the edge would cut back the paperwork stress on corporations and gamers when making sure our tax code reflects financial actuality.”
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