To amend the Internal Revenue Code of 1986 to exclude from gross income any prizes or awards won in competition in the Olympic Games.

Summary

Amends the Internal Revenue Code to exclude from gross income, for income tax purposes, the value of any medal awarded in, or any prize money received from the U.S. Olympic Committee on account of, competition in the Olympic Games.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 1 August 2012

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 1 August 2012

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 August 2012

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 1 August 2012 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 August 2012

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 1 August 2012

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 1 August 2012

  Open at official source

Sponsors

• Blake Farenthold · R · Sponsor
• Rep. Latham, Tom [R-IA-3] · R · Cosponsor
• Bill Huizenga · R · Cosponsor
• Rep. Hall, Ralph M. [D-TX-4] · R · Cosponsor
• Rep. Griffin, Tim [R-AR-2] · R · Cosponsor
• Rep. Akin, W. Todd [R-MO-2] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to ← To amend the Internal Revenue Code of 1986 to exclude from gross income any prizes or awards won in competition in the Olympic Games.
• related to ← To amend the Internal Revenue Code of 1986 to eliminate the tax on Olympic medals won by United States athletes.
• related to ← Tax Exemption for American Medalists Act
• related to ← To amend the Internal Revenue Code of 1986 to exclude from gross income any prizes or awards won in competition in the Olympic Games and Paralympic Games.
• related to ← A bill to amend the Internal Revenue Code of 1986 to eliminate the tax on Olympic medals won by United States athletes.