United States Appreciation for Olympians and Paralympians Act of 2016 became law 30 days after introduction, with cosponsors from both parties
Written by the Congressional Research Service [2]. 116 words.
(This measure has not been amended since it was reported to the House on September 20, 2016. The summary of that version is repeated here.) United States Appreciation for Olympians and Paralympians Act of 2016
(Sec. 2) This bill amends the Internal Revenue Code to exclude from gross income, for income tax purposes, the value of any medal awarded or prize money received from the U.S. Olympic Committee on account of competition in the Olympic Games or Paralympic Games. The exclusion does not apply to a taxpayer for any year in which the taxpayer's adjusted gross income exceeds $1 million, or half of that amount in the case of a married individual filing a separate return.
- Committees
- House Ways and Means Committee
- Policy area
- Taxation: 20 of 6,214 bills became law, 113th–118th (0.3%)
- Sponsor
- 1 of 14 bills enacted since 2013
- Text versions
- 6, from enrolled bill to public law · 459 words
- Subjects
- AthletesDisability and paralysisIncome tax exclusionOlympic games
- Latest action
- Oct 7, 2016: Became Public Law No: 114-239.
- Records
- Congress.gov · Bill text
Each bill appears once, under its strongest link. 2 in all.
Identical or companion · 1
- 114th S. 2650 United States Appreciation for Olympians and Paralympians Act R · Passed one chamber
Related, per CRS or House · 1
- 114th H.R. 2628 Tax Exemptions for American Medalists Act of 2015 R · Introduced