U.S. Olympic Committee commends Colorado medal tax exemption bill for Team USA athletes
Colorado Gov. John Hickenlooper enacted House Bill 1104, exempting most Team USA athletes from state taxes on medals and bonuses won at the Olympic and Paralympic Games the United States Olympic Committee announced today. The new state-based legislation reinforces the federal law – the United States Appreciation for Olympians and Paralympians Act – that was enacted in October 2016, and exempts federal taxes for all Games medal-related income in 2018 and beyond.