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.

This bill would change the tax code so that Olympic and Paralympic athletes would not have to pay federal income tax on medals or prize money they win at the Games, no matter how much money they earn. Currently, there is an income limit on who can get this tax break, and this bill would remove that limit. No official summary is available for this bill.

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