AN ACT ESTABLISHING A PERSONAL INCOME TAX DEDUCTION FOR CERTAIN GAMBLING LOSSES.

Plain English Breakdown

The official source material does not provide specific details on the limits of deductions or winnings offsets.

Tax Deduction for Gambling Losses

This act allows people who pay taxes to deduct their gambling losses from what they owe in income tax if they also won money at the casino or other gambling place.

What This Bill Does

• Creates a personal income tax deduction for gambling losses incurred by a taxpayer, to offset any taxable winnings.

Who It Names or Affects

• People who pay personal income taxes and have gambling losses to report.

Terms To Know

Taxpayer

A person or business that pays taxes to the government.

Gambling Losses

Money lost while playing games of chance, such as slot machines or card games.

Limits and Unknowns

• The bill does not specify how much gambling losses can be deducted.
• It is unclear if there are limits on the amount of winnings that can be offset by these losses.

Official Summary Text

To establish a personal income tax deduction for gambling losses incurred by a taxpayer, to offset any taxable winnings.

Current Bill Text

LCO No. 1004 1 of 1

General Assembly Proposed Bill No. 183
February Session, 2026 LCO No. 1004

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
SEN. SLAP, 5th Dist.
REP. DEMICCO, 21st Dist.

AN ACT ESTABLISHING A PERSONAL INCOME TAX DEDUCTION
FOR CERTAIN GAMBLING LOSSES.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That section 12-701 of the general statutes be amended to establish a 1
personal income tax deduction for gambling losses incurred by a 2
taxpayer, to offset any taxable winnings. 3
Statement of Purpose:
To establish a personal income tax deduction for gambling losses
incurred by a taxpayer, to offset any taxable winnings.