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First Regular Session | 75th General Assembly
Colorado General Assembly
HB17-1104

Exclude Olympic Medal Income From Taxable Income

Type Bill
Session 2017 Regular Session
Subjects
Fiscal Policy & Taxes

Concerning the exclusion from state taxable income of the monetary value of any medal won by an athlete while competing for the United States of America at the olympic games, so long as the athlete's federal adjusted gross income does not exceed a specified amount.

Bill Summary:

For the purpose of determining the state income tax liability of an individual, income earned as a direct result of winning a medal while competing for the United States of America at the olympic games is excluded from state taxable income; except that such income is not excluded:

  • For a taxpayer whose federal adjusted gross income exceeds $1,000,000 or, if the taxpayer's filing status is married filing separately, $500,000; or
  • If the income is already excluded from federal taxable income ; except that the monetary value of a medal itself is excluded from state taxable income even if it has already been excluded from federal taxable income.
'Income earned as a direct result of winning a medal' is defined to include both the monetary value of the medal itself and any monetary award given for winning the medal from the United States olympic committee or any sport-specific national governing body or paralympic sport organization and to exclude endorsement income and nonmonetary benefits. 'Olympic games' is defined to include the summer and winter olympic games and the summer and winter paralympic games.


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Prime Sponsors

Representative Clarice Navarro

Representative

Clarice Navarro

Senator Kevin Priola

Senator

Kevin Priola

Committees

House

Finance

Appropriations

Senate

Finance

Status

Became Law

Introduced

Passed

Became Law

Related Documents & Information

Date Version Documents
05/22/2017 Signed Act PDF
05/18/2017 Final Act PDF
04/18/2017 Rerevised PDF
03/28/2017 Revised PDF
03/09/2017 Reengrossed PDF
03/07/2017 Engrossed PDF
01/19/2017 Introduced PDF
Date Version Documents
03/28/2017 PA2 PDF
02/14/2017 PA1 PDF
Date Version Documents
09/12/2017 FN3 PDF
03/20/2017 FN2 PDF
02/01/2017 FN1 PDF
Date Version Documents
03/03/2017 SA1 PDF
Activity Vote Documents
Adopt amendment L.010 (Attachment B). The motion passed without objection. Vote summary
Refer House Bill 17-1104, as amended, to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 5-0. Vote summary
Hearing Summary
|
Committee Report:  PDF
Activity Vote Documents
Refer House Bill 17-1104 to the Committee of the Whole. The motion passed on a vote of 12-1. Vote summary
Hearing Summary
|
Committee Report:  PDF
Activity Vote Documents
Adopt amendment L.008 (Attachment A). The motion passed without objection. Vote summary
Refer House Bill 17-1104, as amended, to the Committee on Appropriations. The motion passed on a vote of 13-0. Vote summary
Hearing Summary
|
Committee Report:  PDF
Activity Vote Documents
Adopt amendment L.005 (Attachment D). The motion passed on a vote of 7-6. Vote summary
Hearing Summary
Date Calendar Motion Vote Vote Document
04/18/2017 Third Reading BILL
21
AYE
13
NO
1
OTHER
 		Vote record
04/18/2017 Third Reading AMEND (L.013)
26
AYE
8
NO
1
OTHER
 		Vote record
03/29/2017 Third Reading BILL
33
AYE
1
NO
1
OTHER
 		Vote record
03/23/2017 Committee of the Whole COW * (.001)
35
AYE
0
NO
0
OTHER
 		Vote record
Date Calendar Motion Vote Vote Document
03/09/2017 Third Reading BILL
64
AYE
1
NO
0
OTHER
 		Vote record
Date Location Action
05/22/2017 Governor Governor Signed
05/18/2017 Governor Sent to the Governor
05/18/2017 Senate Signed by the President of the Senate
05/15/2017 House Signed by the Speaker of the House
04/18/2017 Senate Senate Third Reading Passed with Amendments - Floor
04/18/2017 Senate Senate Third Reading Reconsidered - No Amendments
04/13/2017 Senate Senate Recalled Bill From House
04/12/2017 Senate House Considered Senate Amendments - Result was to Laid Over to 04/17/2017
03/31/2017 Senate House Considered Senate Amendments - Result was to Laid Over to 04/03/2017
03/30/2017 Senate House Considered Senate Amendments - Result was to Laid Over Daily
03/29/2017 Senate Senate Third Reading Passed - No Amendments
03/28/2017 Senate Senate Second Reading Passed with Amendments - Committee
03/27/2017 Senate Senate Second Reading Laid Over Daily - No Amendments
03/23/2017 Senate Senate Second Reading Laid Over to 03/27/2017 - No Amendments
03/23/2017 Senate Senate Second Reading Reconsidered - No Amendments
03/22/2017 Senate Senate Third Reading Laid Over Daily - No Amendments
03/21/2017 Senate Senate Second Reading Passed - No Amendments
03/21/2017 Senate Senate Committee on Finance Refer Amended - Consent Calendar to Senate Committee of the Whole
03/10/2017 Senate Introduced In Senate - Assigned to Finance
03/09/2017 House House Third Reading Passed - No Amendments
03/08/2017 House House Third Reading Laid Over Daily - No Amendments
03/07/2017 House House Second Reading Passed with Amendments - Committee
03/03/2017 House House Committee on Appropriations Refer Unamended to House Committee of the Whole
02/13/2017 House House Committee on Finance Refer Amended to Appropriations
01/19/2017 House Introduced In House - Assigned to Finance + Appropriations
Effective Date Chapter # Title Documents
08/09/2017 223 Exclude Olympic Medal Income From Taxable Income PDF

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