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Thread: Law will hold casino winnings of deadbeat parents
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07-05-10, 08:40 PM #1
Law will hold casino winnings of deadbeat parents
hmmmm, I think its fucking awesome!
Source
ANDERSON, Ind. (AP) - A new state law that requires Indiana casinos to withhold gambling payoffs to deadbeat parents will be implemented when a tracking system goes online next year.
The state is working to build an online system that will allow casinos to check the names of winners against a database of people who owe child support, said Mike Smith, president of the Casino Association of Indiana.
Only people who win enough money to trigger federal tax reporting forms will have to go through the check. Casinos give W-2G tax forms to people who win $1,200 or more from slot machines, with other limits for other types of gambling.
State taxes will first be taken from the winnings.
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