S 3471
112th Congress
Senate
Taxation
Athletes
Income tax exclusion
Olympic games
A bill to amend the Internal Revenue Code of 1986 to eliminate the tax on Olympic medals won by United States athletes.
Introduced: August 1, 2012
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 1, 2012
Read twice and referred to the Committee on Finance.
Aug 1, 2012
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to exclude from gross income, for income tax purposes, the value of any prize or award won in athletic competition in the Olympic Games.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1