CONGRESS FOR VOTERS

RepublicanBill · H.R. 7731· House(119-HR-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.

Rep. Fischbach
Age: 61 years
Minnesota
Introduced
2/26/2026
Last activity
2/26/2026 — Referred to the House Committee on Ways and Means.
Sponsored by
Michelle Fischbach
Cosponsors
Republican - 5Democrat - 0
Taxation
  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

  • Would people with disabilities be better off under this?+5

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

The opposite

No question was scored the opposite.