119th Congress

H.R.7731

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.

Introduced2/26/26

Removes income limitation on Olympic and Paralympic medal and prize money exclusion from gross income.

Amends the Internal Revenue Code to exclude from gross income any medal or prize money won in competition in the Olympic Games or Paralympic Games, without an income limitation. The amendment applies to prizes and awards received after December 31, 2025.

The filed bill text is too short for analysis.

Where it stands

Current: Ways And Means Committee
Next: Committee decision

H.R.7731

Where it stands

Sponsors

H.R.7731

Where it stands

Sponsors

History