United States Appreciation for Olympians and Paralympians Act of 2016

Bill: 114-hr-5946
Sponsor: Rep. Dold, Robert J. [R-IL-10]
Introduced: 2016-09-07 in the House
Policy area: Taxation
Subjects: Athletes
Disability and paralysis
Income tax exclusion
Olympic games

Summary:
action_date: 2016-09-07
text: 

United States Appreciation for Olympians and Paralympians Act

 
This bill 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 or Paralympic Games.

action_date: 2016-09-20
text: 

United States Appreciation for Olympians and Paralympians Act
 
of 2016

 
(Sec. 2) This bill amends the Internal Revenue Code to exclude from gross income, for income tax purposes, the value of any medal awarded or prize money received from the U.S. Olympic Committee on account of competition in the Olympic Games or Paralympic Games. The exclusion does not apply to a taxpayer for any year in which the taxpayer's adjusted gross income exceeds $1 million, or half of that amount in the case of a married individual filing a separate return.

action_date: 2016-09-22
text: 
(This measure has not been amended since it was reported to the House on September 20, 2016. The summary of that version is repeated here.)
 

United States Appreciation for Olympians and Paralympians Act
 
of 2016

 
(Sec. 2) This bill amends the Internal Revenue Code to exclude from gross income, for income tax purposes, the value of any medal awarded or prize money received from the U.S. Olympic Committee on account of competition in the Olympic Games or Paralympic Games. The exclusion does not apply to a taxpayer for any year in which the taxpayer's adjusted gross income exceeds $1 million, or half of that amount in the case of a married individual filing a separate return.

action_date: 2016-09-29
text: 
(This measure has not been amended since it was reported to the House on September 20, 2016. The summary of that version is repeated here.)
 

United States Appreciation for Olympians and Paralympians Act
 
of 2016

 
(Sec. 2) This bill amends the Internal Revenue Code to exclude from gross income, for income tax purposes, the value of any medal awarded or prize money received from the U.S. Olympic Committee on account of competition in the Olympic Games or Paralympic Games. The exclusion does not apply to a taxpayer for any year in which the taxpayer's adjusted gross income exceeds $1 million, or half of that amount in the case of a married individual filing a separate return.

action_date: 2016-10-07
text: 
(This measure has not been amended since it was reported to the House on September 20, 2016. The summary of that version is repeated here.)
 

United States Appreciation for Olympians and Paralympians Act
 
of 2016

 
(Sec. 2) This bill amends the Internal Revenue Code to exclude from gross income, for income tax purposes, the value of any medal awarded or prize money received from the U.S. Olympic Committee on account of competition in the Olympic Games or Paralympic Games. The exclusion does not apply to a taxpayer for any year in which the taxpayer's adjusted gross income exceeds $1 million, or half of that amount in the case of a married individual filing a separate return.


Legislative actions:
action_date: 2016-10-07
text: Became Public Law No: 114-239.
action_date: 2016-10-07
text: Became Public Law No: 114-239.
action_date: 2016-10-07
text: Signed by President.
action_date: 2016-10-07
text: Signed by President.
action_date: 2016-10-03
text: Presented to President.
action_date: 2016-10-03
text: Presented to President.
action_date: 2016-09-29
text: Message on Senate action sent to the House.
action_date: 2016-09-29
text: Passed Senate without amendment by Unanimous Consent. (consideration: CR S6285)
action_date: 2016-09-29
text: Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S6285)
action_date: 2016-09-26
text: Received in the Senate, read twice.
action_date: 2016-09-22
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2016-09-22
text: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 415 - 1 (Roll no. 546). (text: CR 09/20/2016 H5683-5684)
action_date: 2016-09-22
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 415 - 1 (Roll no. 546).(text: CR 09/20/2016 H5683-5684)
action_date: 2016-09-22
text: Considered as unfinished business. (consideration: CR H5836-5837)
action_date: 2016-09-20
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2016-09-20
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 5946.
action_date: 2016-09-20
text: Considered under suspension of the rules. (consideration: CR H5683-5685)
action_date: 2016-09-20
text: Mr. Dold moved to suspend the rules and pass the bill, as amended.
action_date: 2016-09-20
text: Placed on the Union Calendar, Calendar No. 595.
action_date: 2016-09-20
text: Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-762.
action_date: 2016-09-20
text: Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-762.
action_date: 2016-09-14
text: Ordered to be Reported (Amended) by Voice Vote.
action_date: 2016-09-14
text: Committee Consideration and Mark-up Session Held.
action_date: 2016-09-07
text: Referred to the House Committee on Ways and Means.
action_date: 2016-09-07
text: Introduced in House
action_date: 2016-09-07
text: Introduced in House

Enacted as: number: 114-239