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Thursday, 20 February 2014 09:47

Lawmaker says Olympic prizes shouldn't be taxed

SPRINGFIELD, Ill. (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 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."
 Morrison says exempting Illinois' taxes on the prizes is "one small way to show our appreciation."
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.
Published in Local News

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