MO HB874

Exempts from Missouri gross income the value of any prize or award won by a taxpayer in athletic competition at the Olympic Games.

Adds new subsection 9 to section 143.121 of the Missouri Revised Statutes to provide the Olympic Games tax exemption.

Applies to all taxable years under the modified definition of Missouri adjusted gross income for state income tax purposes.

Does not affect other existing income modifications, deductions, or subtractions already provided in Missouri tax law.