,,ii  #aadth ,,congress  #b;d ,session  
,h4 ,r4 #eidf  ,,in ,,the ,,senate ,,of 
,,the ,,united ,,states  ,september #bf1
 #bjaf,received  ,,an ,,act  ,to amend  
the ,internal ,revenue ,code of #aihf to
 exclude from gross income any prizes or
 awards won in competition in the       
,olympic ,games or the ,paralympic      
,games4  #a4 ,short title ,this ,act may
 be cited as the ,united ,states        
,appreciation for ,olympians and        
,paralympians ,act of #bjaf4  #b4       
,olympic and ,paralympic medals and     
,,usoc prize money excluded from gross  
income  7a7 ,in general ,section #gd of 
the ,internal ,revenue ,code of #aihf is
 amended by adding at the end the       
following new subsection3  7d7          
,exception for ,olympic and ,paralympic 
medals and prizes  7#a7 ,in general     
,gross income shall not include the     
value of any medal awarded in1 or any   
prize money received from the ,united   
,states ,olympic ,committee on account  
of1 competition in the ,olympic ,games  

or ,paralympic ,games4  7#b7 ,limitation
 based on adjusted gross income  7,a7   
,in general ,paragraph 7#a7 shall not   
apply to any taxpayer for any taxable   
year if the adjusted gross income       
7determined without regard to this      
subsection7 of such taxpayer for such   
taxable year exceeds #a1jjj1jjj 7half of
 such amount in the case of a married   
individual filing a separate return74   
7,b7 ,coordination with other           
limitations ,for purposes of sections   
#hf1 #ace1 #acg1 #aii1 #bai1 #bba1 #bbb1
 and #dfi1 adjusted gross income shall  
be determined after the application of  
paragraph 7#a7 and before the           
application of subparagraph 7,a74  4    
7b7 ,effective date ,the amendment made 
by this section shall apply to prizes   
and awards received after ,december #ca1
 #bjae4  ,passed the ,house of          
,representatives ,september #bb1        
#bjaf4,karen ,l4 ,haas1,clerk