IB 

Union Calendar No. 595 

114TH CONGRESS 

2D SESSION H. R. 5946 

[Report No. 114–762] 

To amend the Internal Revenue Code of 1986 to exclude from gross income 

any prizes or awards won in competition in the Olympic Games or 

the Paralympic Games. 

IN THE HOUSE OF REPRESENTATIVES 

SEPTEMBER 7, 2016 

Mr. DOLD (for himself and Mr. FARENTHOLD) introduced the following bill; 

which was referred to the Committee on Ways and Means 

SEPTEMBER 20, 2016 

Additional sponsors: Mr. TURNER, Mr. CRAMER, Mr. PERRY, Mr. RODNEY

DAVIS of Illinois, Ms. LINDA T. SA ́NCHEZ of California, Mrs. COMSTOCK, 

Ms. STEFANIK, Mr. HECK of Nevada, Mr. COSTELLO of Pennsylvania, 

Mr. THOMPSON of California, and Mr. YOUNG of Alaska 

SEPTEMBER 20, 2016 

Reported with an amendment, committed to the Committee of the Whole 

House on the State of the Union, and ordered to be printed 

[Strike out all after the enacting clause and insert the part printed in italic] 

[For text of introduced bill, see copy of bill as introduced on September 7, 2016] 


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•HR 5946 RH

A BILL 

To amend the Internal Revenue Code of 1986 to exclude 

from gross income any prizes or awards won in competition in the Olympic Games or the Paralympic Games. 


emcdonald on DSK9F6TC42PROD with BILLS
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•HR 5946 RH

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘United States Apprecia5 tion for Olympians and Paralympians Act of 2016’’. 

6 SEC. 2. OLYMPIC AND PARALYMPIC MEDALS AND USOC 

7 PRIZE MONEY EXCLUDED FROM GROSS IN8 COME. 

9 (a) IN GENERAL.—Section 74 of the Internal Revenue 

10 Code of 1986 is amended by adding at the end the following 

11 new subsection: 

12 ‘‘(d) EXCEPTION FOR OLYMPIC AND PARALYMPIC MED13 ALS AND PRIZES.— 

14 ‘‘(1) IN GENERAL.—Gross income shall not in15 clude the value of any medal awarded in, or any 

16 prize money received from the United States Olympic 

17 Committee on account of, competition in the Olympic 

18 Games or Paralympic Games. 

19 ‘‘(2) LIMITATION BASED ON ADJUSTED GROSS IN20 COME.— 

21 ‘‘(A) IN GENERAL.—Paragraph (1) shall 

22 not apply to any taxpayer for any taxable year 

23 if the adjusted gross income (determined without 

24 regard to this subsection) of such taxpayer for 

25 such taxable year exceeds $1,000,000 (half of 


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•HR 5946 RH

1 such amount in the case of a married individual 

2 filing a separate return). 

3 ‘‘(B) COORDINATION WITH OTHER LIMITA4 TIONS.—For purposes of sections 86, 135, 137, 

5 199, 219, 221, 222, and 469, adjusted gross in6 come shall be determined after the application of 

7 paragraph (1) and before the application of sub8 paragraph (A).’’. 

9 (b) EFFECTIVE DATE.—The amendment made by this 

10 section shall apply to prizes and awards received after De11 cember 31, 2015. 


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Union Calendar No. 595 

114TH CONGRESS 

2D SESSION H. R. 5946 

[Report No. 114–762] 

A BILL 

To amend the Internal Revenue Code of 1986 to 

Paralympic Games. won in competition in the Olympic Games or the exclude from gross income any prizes or awards 

SEPTEMBER 20, 2016 

Reported with an amendment, committed to the Comand ordered to be printed mittee of the Whole House on the State of the Union, 


emcdonald on DSK9F6TC42PROD with BILLS