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Thu February 20, 2014
Illinois Bill Would Exempt Olympians From Paying State Tax
It is an example of a measure that might not affect many people.
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.