HR 2628 114th Congress House

TEAM Act

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

Introduced: September 7, 2016 See on congress.gov

Taxation AthletesIncome tax exclusionOlympic games

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 3, 2015

Referred to the House Committee on Ways and Means.

Jun 3, 2015

Introduced in House

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Latest action June 3, 2015

Referred to the House Committee on Ways and Means.

Plain-English summary Congressional Research Service

Tax Exemptions for American Medalists Act of 2015 or the TEAM Act

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

Related & companion bills 2