Loading chat...
AL HJR247
Joint Resolution
Status
4/3/2014
Primary Sponsor
Becky Nordgren
Click for details
AI Summary
-
Urges the United States Congress to pass legislation exempting Olympic medal values and prize money from federal income taxation for U.S. Olympic medalists.
-
Notes the United States Olympic Committee awards $25,000 for gold medals, $15,000 for silver, and $10,000 for bronze, which currently are taxable income along with the medal values themselves.
-
Cites Americans for Tax Reform estimate that winning gold could result in a tax burden as high as $9,000 for Olympic athletes.
-
Directs copies of the resolution be distributed to each member of the Alabama Congressional Delegation for further distribution to all members of Congress.
-
Adopted by the Alabama House on April 1, 2014 and Senate on April 3, 2014.
Legislative Description
Congress, olympic medals, urged to pass a bill to exempt the value of any medal or prize money awarded at an Olympic Game from taxation
Resolutions, Legislative
Last Action
Forwarded to Governor on April 3, 2014 at 2:16 p.m. on April 3, 2014.
4/3/2014