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

Sep
10
Wed
3:00 pm 2014 Business, Citizen & Teacher...
2014 Business, Citizen & Teacher...
Sep 10 @ 3:00 pm – Nov 7 @ 2:28 pm
Now accepting nominations and applications for these three awards by the Sunman Chamber of Commerce. Winners will be announced at the Chamber’s Annual Awards Dinner on Friday, November 7, 2014. For more information please contact the Sunman Chamber’s website or call Anna.
Sep
15
Mon
12:00 pm Mock Turtle Soup Sale @ St. Louis School Activity Center
Mock Turtle Soup Sale @ St. Louis School Activity Center
Sep 15 @ 12:00 pm – Sep 20 @ 12:00 pm
St. Louis Catholic Church is having their Mock Turtle Soup Sale! Monday, September 15- noon-6:30 p.m. Tuesday, September 16- 8 a.m.-8 p.m. Wednesday, September 17-Friday, September 19- 8 a.m.-6:30 p.m. Sunday, September 21- during the annual St. Louis Church Festival, theMock Turtle Soup will be available for sale until it’s gone. Please enter through the Activity Center doors only! The soup will also be available through the week at Schmidt’s Bakery during their normal business hours. If you have any empty quart, half-gallon, or gallon jars you can spare (or canning lids and/or rings), you can bring them to the SLS Activity Center or Schmidt’s Bakery, as jars and lids are still needed to bottle the soup throughout the week.
Sep
18
Thu
9:00 am Batesville Library Used Book Sale @ Batesville Public Library Annex
Batesville Library Used Book Sale @ Batesville Public Library Annex
Sep 18 @ 9:00 am – 5:00 pm
Friends of Batesville Memorial Public Library is having their used book and media sale on Sept. 18-20, Thurs-Sat. from 9 a.m.- 5 p.m. at the Library Annex on 10 W. Boehringer St.  Prices range from 25 cents to $1.  Special sale is $2 per bag on Saturday at 3 p.m. Over 8,000 books are available.

View Calendar