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S.Amdt. 3114Senate113th Congress (2013-2015)

S.Amdt. 3114

What it does: Adds TITLE _--OTHER PROVISIONS at the end of the bill
Sponsored by John ThuneSen. John Thune (R-SD)
Submitted May 15, 2014

What it changes

1 change to H.R. 3474 · shown in the bill's text

Adds a section

  1. Adds TITLE _--OTHER PROVISIONS at the end of the bill

    Adds a title

    In H.R. 3474 · Placed on Calendar Senate

    Passed the House of Representatives March 11, 2014.

    Inserted: TITLE _--OTHER PROVISIONS

    Inserted: SEC. _01. OLYMPIC AND PARALYMPIC MEDALS AND USOC PRIZE MONEY EXCLUDED FROM GROSS INCOME.

    Inserted: (a) In General.--Section 74 is amended by adding at the end the following new subsection:

    Inserted: "(d) Exception for Olympic and Paralympic Medals and Prizes.--Gross income shall not include the value of any medal awarded in, or any prize money received from the United States Olympic Committee on account of, competition in the Olympic Games or Paralympic Games.".

    Inserted: (b) Effective Date.--The amendment made by this section shall apply to prizes and awards received after December 31, 2013.

    Original wording

    At the end, add the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed

SA 3114. Mr. THUNE (for himself and Mr. Schumer) submitted an amendment intended to be proposed by him to the bill H.R. 3474, to amend the Internal Revenue Code of 1986 to allow employers to exempt employees with health coverage under TRICARE or the Veterans Administration from being taken into account for purposes of the employer mandate under the Patient Protection and Affordable Care Act; which was ordered to lie on the table; as follows:

At the end, add the following:

TITLE _--OTHER PROVISIONS

SEC. _01. OLYMPIC AND PARALYMPIC MEDALS AND USOC PRIZE MONEY EXCLUDED FROM GROSS INCOME.

(a) In General.--Section 74 is amended by adding at the end the following new subsection:

“(d) Exception for Olympic and Paralympic Medals and Prizes.--Gross income shall not include the value of any medal awarded in, or any prize money received from the United States Olympic Committee on account of, competition in the Olympic Games or Paralympic Games.”.

(b) Effective Date.--The amendment made by this section shall apply to prizes and awards received after December 31, 2013.

Congressional RecordPDF

Legislative Activity

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Floor Latest Action

Senate amendment submitted

May 15, 2014