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

Dec
31
Wed
12:00 am 2015 Batesville Youth Baseball/S...
2015 Batesville Youth Baseball/S...
Dec 31 @ 12:00 am – Mar 14 @ 12:00 am
Registration is open online 24/7 go to www.batesvillebaberuth.com and click on the “Register Now” link. Early registration Discount $5.00 per registration if completed IN JANUARY The spring/summer season will run from April 25th through July 2nd. All games will be through the week excluding April 25th to avoid conflict with spring soccer You can also register in person at the Batesville firehouse. Registration days: January 31, 2015- 9:00 to noon February 21, 2015- 9:00 to noon March 7, 2015- 9:00 to noon  
Jan
1
Thu
9:00 am YMCA January Incentive @ Southeastern Indiana YMCA
YMCA January Incentive @ Southeastern Indiana YMCA
Jan 1 @ 9:00 am – Jan 31 @ 5:00 pm
YMCA is where you belong! Community incentive to make being healthy a habit The whole month of January bring in 10 food pantry items and the $75 joiners fee will be dropped  
1:51 pm Patriotic Art Contest
Patriotic Art Contest
Jan 1 @ 1:51 pm – Mar 31 @ 11:59 pm
The Ladies Auxiliary of VFW Post 3183 is sponsoring an art contest for students in grades 9-12. The contest is a great way to earn money for college. The art must be on paper or canvas and have a patriotic theme. Digital Art is not accepted. The art must be original. Judging is based on originality, presentation, and patriotism expressed. There are monetary awards given locally and at the state level. The national winners will receive scholarships. Home schooled students are eligible, foreign exchange are not. Your entry must be signed by a teacher. You can obtain an entry form by calling Kay Pulskamp, chairperson at 934-3442. Please submit your art by March 31, 2015. The first place winner will be sent to the State Scholarships Chairman for judging. Your art will be returned to you after judging is complete. Additional info/rules may be reviewed at www.ladiesauxvfw.org/programs/scholarships.html

View Calendar