CONGRESS FOR VOTERS

Michelle Fischbach (R-MN)

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.

H.R. 7731 · House bill Taxation

A Republican bill with 5 Republican cosponsors · See all 5 cosponsors

Last activity — Referred to the House Committee on Ways and Means.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill seeks to amend the Internal Revenue Code of 1986. The specific goal is to remove the current income limitation regarding the exclusion of certain prizes from gross income. This change would apply to medal or prize money won during competition in the Olympic Games or Paralympic Games. The amendment would change how the value of awards and prize money from the United States Olympic Committee is treated. These changes would apply to prizes and awards received after December 31, 2025.

Yes

  • Scored +5

    Would people with disabilities be better off under this?

    The bill provides significant tax relief for Paralympic athletes by removing income limitations on prize money.

The opposite

No question was scored the opposite.