H.R. 5946House114th Congress (2015-2017)Enacted

United States Appreciation for Olympians and Paralympians Act of 2016

Legislative Activity

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19 earlier actions

Became Law Latest Action

Became Public Law No: 114-239.

October 7, 2016

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HouseIntro Referral

Introduced in House

September 7, 2016

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

September 7, 2016

HouseCommittee

Committee Consideration and Mark-up Session Held.

Ways and Means Committee

September 14, 2016

HouseCommittee

Ordered to be Reported (Amended) by Voice Vote.

Ways and Means Committee

September 14, 2016

HouseCommittee

Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-762.

Ways and Means Committee

September 20, 2016

HouseCalendars

Placed on the Union Calendar, Calendar No. 595.

September 20, 2016

HouseFloor

Mr. Dold moved to suspend the rules and pass the bill, as amended.

September 20, 2016 • 5:10 PM

HouseFloor

Considered under suspension of the rules. (consideration: CR H5683-5685)

September 20, 2016 • 5:10 PM

HouseFloor

DEBATE - The House proceeded with forty minutes of debate on H.R. 5946.

September 20, 2016 • 5:10 PM

HouseFloor

At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

September 20, 2016 • 5:23 PM

HouseFloor

Considered as unfinished business. (consideration: CR H5836-5837)

September 22, 2016 • 5:10 PM

HouseFloor

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 415 - 1 (Roll no. 546).(text: CR 09/20/2016 H5683-5684)

View vote Passed

September 22, 2016 • 5:17 PM

HouseFloor

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 415 - 1 (Roll no. 546). (text: CR 09/20/2016 H5683-5684)

View vote Passed

September 22, 2016 • 5:17 PM

HouseFloor

Motion to reconsider laid on the table Agreed to without objection.

September 22, 2016 • 5:17 PM

SenateIntro Referral

Received in the Senate, read twice.

September 26, 2016

SenateFloor

Passed Senate without amendment by Unanimous Consent. (consideration: CR S6285)

September 29, 2016

SenateFloor

Message on Senate action sent to the House.

September 29, 2016

President

Presented to President.

October 3, 2016

Became Law

Signed by President.

October 7, 2016

Became Law

Became Public Law No: 114-239.

October 7, 2016

Voting History

1 vote recorded • Roll call available

HOUSE

Roll Call Available

September 22, 2016 at 5:17 PM

On Motion to Suspend the Rules and Pass, as Amended

Majority required: 2/3 (66.7%)

Passed

415 - 1

Bill Text

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Enrolled BillPublication date not provided

One Hundred Fourteenth Congress of the United States of America

At the Second Session

Begun and held at the City of Washington on Monday, the fourth day of January, two thousand and sixteen

H. R. 5946

AN ACT

To amend the Internal Revenue Code of 1986 to exclude from gross income any prizes or awards won in competition in the Olympic Games or the Paralympic Games.

Short title

This Act may be cited as the United States Appreciation for Olympians and Paralympians Act of 2016.

Olympic and Paralympic medals and USOC prize money excluded from gross income

(a)

In general

Section 74 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:

(d)

Exception for Olympic and Paralympic medals and prizes

(1)

In general

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.

(2)

Limitation based on adjusted gross income

(A)

In general

Paragraph (1) shall not apply to any taxpayer for any taxable year if the adjusted gross income (determined without regard to this subsection) of such taxpayer for such taxable year exceeds $1,000,000 (half of such amount in the case of a married individual filing a separate return).

(B)

Coordination with other limitations

For purposes of sections 86, 135, 137, 199, 219, 221, 222, and 469, adjusted gross income shall be determined after the application of paragraph (1) and before the application of subparagraph (A).

(b)

Effective date

The amendment made by this section shall apply to prizes and awards received after December 31, 2015.

Speaker of the House of Representatives.

Vice President of the United States and President of the Senate.