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Bill would exempt Olympians from tax

Published: Friday, Feb. 21, 2014 1:15 a.m. CDT

SPRINGFIELD (AP) – An Illinois lawmaker says Olympic athletes who win medals shouldn’t have to pay state tax on their awards.

State Sen. Julie Morrison is a sponsor of legislation approved by a Senate committee Wednesday that would waive the tax.

Morrison is a Democrat from the Chicago suburb of Deerfield who says she represents many of Illinois’ Olympic athletes. She says Olympic athletes proudly represent Illinois and the U.S. and “we should honor them for their commitment.”

It’s “one small way to show our appreciation,” Morisson said.

Olympians who win a gold medal also receive $25,000. Silver medalists win $15,000, while bronze medalists earn $10,000.

The legislation also applies to Para-Olympians.

It could be considered by the full Senate as early as Thursday.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
 

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