HR7731Referred to Committee
To amend the Internal Revenue Code of 1986 to remove the income limitation on the exclusion from gross income of any medal or prize money won in competition in the Olympic Games or Paralympic Games.
Introduced
2
In Committee3
Passed One Chamber4
Passed Both5
Signed into Law119th
Congress
2026-02-26
Introduced
5
Cosponsors
HR
ⓘType
Latest Action
Referred to the House Committee on Ways and Means.
2026-02-26
Bill Summary
This house bill would amend the Internal Revenue Code of 1986 to remove the income limitation on the exclusion from gross income of any medal or prize money won in competition in the Olympic Games or Paralympic Games. It has been referred to committee for review and possible markup.
Affected Industries
Industries and interest groups with a stake in how this bill is resolved. Compare with each member's outside-money backers on their finance page.
Taxes
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Subjects
Taxation
Read the full bill text