HR. 7731In 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.
Removes the income cap on the tax exclusion for Olympic and Paralympic medal and prize winnings under the Internal Revenue Code
Plain-English overview
What this bill does
Removes the income cap on the tax exclusion for Olympic and Paralympic medal and prize winnings under the Internal Revenue Code
Key points
- Amend tax exclusion rules
- Remove income limitation
Current status
Where it stands
Status
In Committee
Latest action
2026-02-26 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedTaxation