Posted: | February 15, 2017 02:01 PM |
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From: | Representative Marty Flynn |
To: | All House members |
Subject: | Income Tax Exemption for Olympic Winnings |
In the near future, I plan to introduce legislation that will exempt Olympic prize winnings and medals from state income taxes. The United States is one of the few countries that does not provide government funding to its Olympians, and most rely on small stipends from the United States Olympic Committee, local support or supplemental income in order to compete. By exempting their winnings from state income taxes, we show our appreciation for their sport and to their country. Please join me in co-sponsoring this important legislation. |
Introduced as HB908