§19613
2 cases·2 cited
Statute Text — 26 U.S.C. §19613
Statute text not available for this section.
2 Citing Cases
19613.5 (West 2008), an occurrence that might cause the track to lose money on the race. The balance ofthe betting pool remaining after reductions for takeout and "breakage" (the odd cents not paid to winning bettors because payoffs are rounded down to the nearest dime), is paid out to the winning bettors. Petitioner argues that, in extracting
19613.5 (West 2008), an occurrence that might cause the track to lose money on the race. The balance ofthe betting pool remaining after reductions for takeout and "breakage" (the odd cents not paid to winning bettors because payoffs are rounded down to the nearest dime), is paid out to the winning bettors. Petitioner argues that, in extracting