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H.R. 6252 (112th): To amend the Internal Revenue Code of 1986 to exclude from gross income any prizes or awards won in competition in the Olympic Games.

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

8/1/2012--Introduced. Amends the Internal Revenue Code to exclude from gross income, for income tax purposes, the value of any medal awarded in, or any prize money received from the U.S. Olympic Committee on account of, competition in the Olympic Games.