114 HR 5946 IH: United States Appreciation for Olympians and Paralympians Act
U.S. House of Representatives
2016-09-07
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EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
1.This Act may be cited as the United States Appreciation for Olympians and Paralympians Act
. 2.Olympic and Paralympic medals and USOC prize money excluded from gross income (a)Section 74 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:
(d)Exception for Olympic and Paralympic medals and prizesGross income shall not include the value of any medal awarded in, or any prize money received from the United States Olympic Committee on account of, competition in the Olympic Games or Paralympic Games..
(b)The amendment made by this section shall apply to prizes and awards received after December 31, 2015.