Goepper May Get Tax Break On Olympic Earnings

February 28, 2014
By

Nick Goepper could get a tax break on medals and prize money  earned at the winter games.

Nick Goepper could get a tax break on medals and prize money earned at the winter games.

Nick Goepper has a bronze medal but may have struck gold when it comes to taxes from the winnings.

The Indiana House voted Thursday to exempt Olympic medals and prize money from income taxes in Indiana.

According to The Indianapolis Star, The tax break would be retroactive to Jan. 1, so for now, the only person that the measure would apply to is Goepper, the 19-year-old Lawrenceburg native who won a bronze medal in slopestyle skiing in Sochi, Russia.

In addition to the bronze medal, Goepper will receive $10,000 from the U.S. Olympic Committee. Gold winters receive $25,000 and silver medallists take home $15,000.

The bill that passed was amended, so Senate and House leaders will meet to figure out the differences between the two versions before it would go to the governors desk for approval.

 

Listen Live

Upcoming Events

Nov
16
Sun
12:00 pm American Red Cross Blood Donatio... @ Southeastern Indiana
American Red Cross Blood Donatio... @ Southeastern Indiana
Nov 16 @ 12:00 pm – Nov 30 @ 3:00 pm
Efforts to help ensure a sufficient blood supply for patients during the holiday season are underway. Patients don’t get a holiday from needing donated blood! How to donate blood Simply download the American Red Cross Blood Donor App, visit redcrossblood.org or call 1-800-RED CROSS (1-800-733-2767) to make an appointment or for more information. All blood types are needed to ensure a reliable supply for patients. A blood donor card or driver’s license or two other forms of identification are required at check-in. Individuals who are 17 years of age (16 with parental consent in some states), weigh at least 110 pounds and are in generally good health may be eligible to donate blood. High school students and other donors 18 years of age and younger also have to meet certain height and weight requirements.   Places to donate: redcross
Nov
17
Mon
9:00 am Deck Your House @ Memorial Building
Deck Your House @ Memorial Building
Nov 17 @ 9:00 am – Dec 2 @ 12:00 pm
Deck Your House  @ Memorial Building  | Batesville | Indiana | United States
Deck Your House Holiday House Decorating Contest How to enter: submit a photo of your home, 5 canned goods, name, address and phone number at the Memorial Building by noon on December 2nd. Criteria: residential homes only within city limits and must be visible from the street. Contestants will be announced at the Annual Tree Lighting Celebration, December 4th at 6 p.m. Vote: December 4-11 at 3 p.m. Vote at: Memorial Building- 132 S. Main St. Memorial Public Library- 131 N. Walnut St. Southeastern Indiana YMCA- State Road 129 1 canned good= 1 vote (supports Batesville Food Pantry) Winners Announced: Winners will be notified in person December 17th starting at 6 p.m. Ryan Stauffer will announce winners at 6:30 p.m. on WRBI. Prizes, Sponsors and more information on the flyer:     
Nov
18
Tue
9:00 am Achieving Net-Zero Energy Goal @ Jennings County Public Library
Achieving Net-Zero Energy Goal @ Jennings County Public Library
Nov 18 @ 9:00 am – Dec 31 @ 9:00 pm
JENNINGS COUNTY PUBLIC LIBRARY Achieving Net-Zero energy goal Jennings County Public Library is located on North State Road 3 in North Vernon, IN.  The library is open from 9:00 a.m. – 9:00 p.m. Monday thru Thursday, 9:00 a.m. – 6:00 p.m. on Friday 9:00 a.m. – 4:00 p.m. on Saturdays.  Closed Sunday. To follow the library’s progress and monitoring of the solar panels, visit our website:  www.jenningslib.org The Jennings County Public Library is proud to announce it will soon become the largest net-zero energy use public library in Indiana. It is anticipated that the facility will produce energy greater than or equal than that it consumes. The library’s 33,000 square foot facility has made energy improvements in lighting, HVAC, Insulation and rooftop Solar and Solar Tracking Solutions that are helping contribute to the net-zero energy goals. “This project combines an effort to both innovate and think critically about the impact that science can have on the world.  Our net-zero goal is a way to reduce our global footprint and improve our community,” said Steve Massey, President of the Jennings County Public Library Board.  “Net-zero is a process – and an opportunity for the public to learn with us.” Solar Power[...]

View Calendar